Supplement, dated October 5, 2000, to the
Prospectus, dated May 1, 2000,
of Seligman Portfolios, Inc. (the "Fund")
on behalf of its
Seligman Frontier Portfolio ("Frontier Portfolio")
Seligman Global Growth Portfolio ("Global Growth Portfolio")
Seligman Global Smaller Companies Portfolio
("Global Smaller Companies Portfolio")
Seligman International Growth Portfolio ("International Growth Portfolio")
Frontier Portfolio and Global Smaller Companies Portfolio:
The definition of "smaller companies" appearing in the highlighted boxes on
pages P-13 and P-19, respectively, of the Fund's Prospectus has been revised as
follows:
"Smaller Companies: Companies with market
capitalization, at the time of purchase by
the Portfolio, of $2 billion or less."
Global Growth Portfolio and International Growth Portfolio:
The following information replaces the paragraphs under "Portfolio
Management" under the separate sections of "Global Growth Portfolio" on page
P-18 and "International Growth Portfolio" on page P-34 of the Fund's Prospectus:
The Portfolio is managed by the Seligman's Global Growth Team, which is headed
by Ms. Marion S. Schultheis.
Ms. Schultheis joined Seligman in May 1998 as a Managing Director. She is a Vice
President of the Fund and has been Portfolio Manager of the Portfolio since May
1998. Prior to joining Seligman, Ms. Schultheis was a Managing Director at
Chancellor LGT from October 1997 to May 1998 and Senior Portfolio Manager at IDS
Advisory Group Inc. from August 1987 to October 1997. Ms. Schultheis also
manages the Seligman Capital Fund, Inc. and Seligman Growth Fund, Inc. Ms.
Schultheis is also a Vice President of Seligman Global Fund Series, Inc., and
the Global Growth Team, which she heads, manages its Seligman International
Growth Fund and Global Growth Fund.
Prior to March 31, 2000, Henderson Investment Management Limited (HIML) served
as a subadviser to the Portfolio. HIML, established in 1984, is a wholly owned
subsidiary of Henderson, plc, a United Kingdom corporation. For the year ended
December 31, 1999, Seligman paid HIML a fee for its services in respect of the
Portfolio based on the assets under HIML's supervision. This fee did not affect
the fees paid by the Portfolio.
SP1S1-10/2000
