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THE SEVEN SEAS SERIES FUND
SUPPLEMENT DATED MARCH 15, 1996
TO PROSPECTUS DATED DECEMBER 29, 1995
THE SEVEN SEAS SERIES YIELD PLUS FUND
Effective immediately, the second paragraph under "General Management --
Advisory Agreement" in the prospectus of The Seven Seas Series Yield Plus Fund
is hereby amended to read in its entirety as follows:
Adviser, subject to Board supervision, directs the investment of the
Fund in accordance with the Fund's investment objective, policies and
restrictions. The individual primarily responsible for investment decisions
regarding the Fund is Susan R. Bonfeld, Managing Director. Ms. Bonfeld has
been with State Street since 1994, working on the fixed income team. Prior
to State Street, Ms. Bonfeld was a vice president of sales for taxable fixed
income products at CS First Boston. There are 11 other portfolio managers
who work with Ms. Bonfeld in managing the Fund. For these services, the Fund
pays Advisor a fee, calculated daily and paid monthly, equal to .25% annually
of the Fund's average daily net assets.
