FORTIS ADVANTAGE PORTFOLIOS, INC.
High Yield Portfolio
Asset Allocation Portfolio
Government Total Return Portfolio
Supplement dated August 1, 1995 to page 17 of the
Prospectus dated March 1, 1995
Howard G. Hudson, Charles J. Dudley (effective August 14,
1995), Robert C. Lindberg, Stephen M. Rickert and Dennis
M. Ott (since 1988) manage the High Yield Portfolio.
Mr. Hudson, Stephen M. Poling (since 1988), James S. Byrd
(since 1991), Keith R. Thomson (since 1988), Mr. Dudley
(effective August 14, 1995), Maroun M. Hayek, Christopher
J. Woods and Mr. Ott (since 1988) manage the Asset
Allocation Portfolio.
Messrs. Hudson, Hayek, Woods and Ott (since 1991) manage
the Government Total Return Portfolio. From 1989 to
1991, the Portfolio was managed by Furman Selz Capital
Management.
WHERE APPLICABLE, THE FOLLOWING INFORMATION IS ALSO
INCORPORATED INTO THE PROSPECTUS:
Mr. Hudson, an Executive Vice President of Fortis
Advisers, Inc. ("Advisers") and the head of Advisers'
fixed income department, has been managing debt
securities for Fortis, Inc. since 1991. Prior to that,
Mr. Hudson managed investments for several firms,
including 20 years with Morgan Guaranty Trust, where he
was the head of fixed income for the Trust and Investment
Division. Mr. Hudson reports to Gary N. Yalen, the
President and Chief Investment Officer of Advisers. The
other individuals identified herein, with the exception
of Messrs. Poling, Byrd and Thomson, report directly or
indirectly to Mr. Hudson. Mr. Poling, an Executive Vice
President of Advisers, will report to Mr. Yalen until a
head of Advisers' equity department is named. Messrs.
Byrd and Thomson, Vice Presidents of Advisers, report to
Mr. Poling. Mr. Dudley, a Vice President of Advisers,
will begin managing debt securities for Advisers on
August 14, 1995. Prior to joining Advisers, Mr. Dudley
was a Senior Vice President and Senior Portfolio Manager
for SunAmerica Asset Management, New York, NY. Mr.
Lindberg, a Vice President of Advisers, has been managing
debt securities for Advisers since 1993. Prior to that,
Mr. Lindberg was Vice President and Chief Securities
Trader for COMERICA, Inc., Detroit, MI. Mr. Rickert, a
Senior Credit Analyst for Advisers, has been involved in
management of debt securities for Fortis, Inc. since
1994. Prior to that, Mr. Rickert was a corporate bond
analyst for Dillon, Read & Co., Inc. in New York, NY and
before that Western Asset Management in Los Angeles, CA.
Mr. Hayek, a Vice President of Advisers, has been
managing debt securities for Fortis, Inc. since 1987.
Mr. Woods, a Vice President of Advisers, has been
managing debt securities for Fortis, Inc. since 1993.
Prior to that, Mr. Woods was the head of fixed income for
The Police and Firemen's Disability and Pension Fund of
Ohio in Columbus, OH. Mr. Greenzang, an Assistant
Portfolio Manager for Advisers, has been involved in
management of debt securities for Fortis, Inc. since
1992. Prior to that, Mr. Greenzang was an Associate with
Dean Witter Reynolds, Inc. in New York, NY. Messrs.
Yalen, Hudson, Dudley, Lindberg, Rickert, Hayek, Woods
and Greenzang are located at One Chase Manhattan Plaza,
New York, NY 10005 and Messrs. Poling, Byrd, Thomson and
Ott are located at 5500 Wayzata Blvd., Golden Valley, MN
55416.
