Securities Act File No. 33-20957
USLICO SERIES FUND
SUPPLEMENT DATED NOVEMBER 28, 2000
TO THE PROSPECTUS DATED MAY 1, 2000
The following information replaces the disclosure under the heading "Portfolio
Managers" on page 21 of the Prospectus regarding the Bond Portfolio, the Money
Market Portfolio, and the portions of the Asset Allocation Portfolio invested in
bonds and money market instruments:
Since November 2, 2000, Denis P. Jamison has been responsible for the day-to-day
management of the Money Market Portfolio and that portion of the Asset
Allocation Portfolio which invests in money market assets. Mr. Jamison serves as
Senior Vice President and Senior Portfolio Manager of ING Pilgrim Investments,
Inc. ("ING Pilgrim Investments"). Prior to July 2000, he was a Senior Vice
President at Lexington Management Corporation (which was acquired by ING Pilgrim
Investments' parent company in July 2000). He is a Chartered Financial Analyst
and a member of the New York Society of Security Analysts. Mr. Jamison spent
nine years at Arnold Bernhard & Company, an investment counseling and financial
services organization. At Bernhard, he was a Vice President supervising the
security analyst staff and managing investment portfolios. He is a specialist in
government, corporate and municipal bonds. Mr. Jamison graduated from the City
College of New York with a B.A. in Economics.
Commencing December 1, 2000, Robert K. Kinsey will be responsible for the
day-to-day management of the Bond Portfolio and that portion of the Asset
Allocation Portfolio which invests in bonds. Mr. Kinsey is a Vice President of
ING Pilgrim Investments. Prior to joining ING Pilgrim Investments, Mr. Kinsey
was a Vice President and Fixed Income Portfolio Manager for Federated Investors
from January 1995 to March 1999. From July 1992 to January 1995, Mr. Kinsey was
a Principal and Portfolio Manager for Harris Investment Management.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
