<PAGE>
WEITZ SERIES FUND, INC.
Government Money Market Portfolio
QUARTERLY REPORT
December 31, 1995
One Pacific Place, Suite 600
1125 South 103 Street
Omaha, NE 68124-6008
402-391-1980
800-232-4161
402-391-2125 FAX
<PAGE>
WEITZ SERIES FUND, INC.
GOVERNMENT MONEY MARKET PORTFOLIO
DECEMBER 31, 1995 -- QUARTERLY REPORT
January 17, 1996
Dear Shareholder:
Short-term interest rates declined slightly in the 4th quarter, and our 7-
day and 30-day yields slipped to 4.9% (after expenses). My guess is that short
rates will continue to move lower, but in any event, our fund's yield will track
closely with Treasury bill rates.
Best regards,
/s/ Wallace R. Weitz
Wallace R. Weitz
President
Yields quoted are historical and will fluctuate in the future. An investment in
the Government Money Market Portfolio is neither insured, nor guaranteed by the
U.S. Government and there can be no assurance that it will maintain a steady net
asset value of $1.00.
2
<PAGE>
WEITZ SERIES FUND, INC.
GOVERNMENT MONEY MARKET PORTFOLIO
SCHEDULE OF INVESTMENTS IN SECURITIES
DECEMBER 31, 1995
(UNAUDITED)
<TABLE>
<CAPTION>
COST, WHICH
FACE APPROXIMATES
AMOUNT DESCRIPTION MARKET VALUE
- - ------ ----------- ------------
<S> <C> <C>
U.S. GOVERNMENT AND AGENCY SECURITIES - 100.2%
$1,250,000 U.S. Treasury Bill 5/16/96 $1,226,147
3,500,000 Federal Farm Credit Bank Discount Note 2/01/96 3,483,076
----------
Total U.S. Government and Agency Securities 4,709,223
----------
SHORT-TERM SECURITIES - 0.3%
13,899 Norwest Treasury Money Market Fund, 4.8% 13,899
----------
Total Investments in Securuties 4,723,122*
----------
Other Assets Less Liabilities - (0.5%) (22,434)
----------
Total Net Assets - 100.0% $4,700,688
----------
----------
</TABLE>
*Also approximates cost for federal income tax purposes
3
<PAGE>
WEITZ SERIES FUND, INC.
BOARD OF DIRECTORS
Carroll E. Fredrickson
John W. Hancock
Richard D. Holland
Thomas R. Pansing, Jr.
Wallace R. Weitz
OFFICERS
Wallace R. Weitz, President
Mary K. Beerling, Vice-President & Secretary
Linda L. Lawson, Vice-President
Richard F. Lawson, Vice-President
INVESTMENT ADVISER
Wallace R. Weitz & Company
DISTRIBUTOR
Weitz Securities, Inc.
CUSTODIAN
Norwest Bank Nebraska, N.A.
TRANSFER AGENT AND DIVIDEND PAYING AGENT
Wallace R. Weitz & Company
This report has been prepared for the information of shareholders of Weitz
Series Fund, Inc.-Government Money Market Portfolio and is not authorized for
distribution to prospective investors unless preceded or accompanied by a
current prospectus which describes the Fund's objectives, policies, and other
information.