August 13, 1999
Securities and Exchange Commission
450 Fifth Street NW
Washington DC 20549
RE: Rule 497(e) prospectus supplement filing for
Fortis Advantage Portfolios, Inc.
File No.: 811-5355 and 33-17759
Enclosed for filing is a Rule 497(e) prospectus
supplement for the above referenced investment company.
The purpose of this supplement is to amend the
portfolio management disclosure and disclose the
availability of a new class share offering of Asset
Allocation Portfolio.
Please contact me at 651-738-5602 if you have
questions.
Sincerely,
/s/ Scott R. Plummer
Scott R. Plummer
Vice President and Associate General Counsel
Fortis Advantage Portfolios, Inc.
Asset Allocation Portfolio
Supplement to Fortis Stock Funds Prospectus
Dated January 1, 1999
The following information supersedes any contrary
information contained on page 25 of the Stock Funds
prospectus in the section entitled Portfolio
Managers:
Kendall C. Peterson has replaced Ho Wang as a member of
Asset Allocation Portfolios portfolio management team.
Mr. Peterson has management responsibility for the
below investment-grade securities contained in the
fixed income portion of the Portfolio. From July 1985
to July 1999 Mr. Peterson was a fixed income portfolio
manager for The Prudential Insurance Company of America
in Newark, New Jersey. Mr. Peterson is located at One
Chase Manhattan Plaza, New York, New York 10005.
The following information supplements that information
contained within the Stock Funds prospectus pertaining
to class share offerings:
Effective July 26, 1999, Class Z shares of Asset
Allocation Portfolio are available for investment by:
Fortis, Inc., or its subsidiaries and the following
persons associated with these companies: (a)
officers, directors, employees or sales
representatives; (b) their children, grandchildren,
parents, grandparents or siblings; and (c)
spouses/domestic partners of any of such persons;
Fund directors or officers or their spouses/domestic
partners; or such persons children, grandchildren,
parents, grandparents, or spouses/domestic partners
of the preceding;
Representatives of Fortis Investors (including
agencies) or their spouses; or such persons
children, grandchildren, parents, grandparents, or
spouses of any such persons; and
Pension, profit sharing and other retirement plans
created for the benefit of any of the above persons.
A separate prospectus for Asset Allocation Portfolio
Class Z, dated July 1, 1999, is available to eligible
investors interested in purchasing shares of this fund
class. To obtain a prospectus for this new class
offering, please call the toll-free number appearing on
the front cover of this prospectus.
