USLICO SERIES FUND
Prospectus Supplement dated August 30, 1999
to Prospectus dated April 30, 1999
The Board of Trustees of the USLICO Series Fund recently reviewed and endorsed
three proposals - election of the Board of Trustees, approval of a new
subadvisory agreement between ReliaStar Investment Research, Inc. and Northstar
Investment Management Corporation for the Stock and Asset Allocation Portfolios
and ratification of selection of KPMG LLP as the USLICO Series Fund's
independent accountants for the fiscal year 2000.
We therefore have called a Special Meeting of Shareholders of the USLICO Series
Fund to be held on September 23, 1999 (the "Meeting") to consider and approve
the above noted proposals. The proposed appointment of Northstar as sub-adviser
to the Stock and Asset Allocation Portfolios (the "Portfolios") is intended to
enhance the Portfolios' ability to achieve better long-term performance results.
If approved at the Meeting, the above noted modifications will become effective
October 1, 1999. These modifications will not affect the fees of the Portfolios;
they will remain the same.
