<PAGE>
WEITZ SERIES FUND, INC.
Supplement dated November 5, 1996 to the
Prospectus dated July 11, 1996
The Financial Highlights Table for Government Money Market Portfolio on page 14
of the Prospectus is amended in its entirety to read as follows:
GOVERNMENT MONEY MARKET PORTFOLIO
The following financial information provides selected data for a share of
the Government Money Market Portfolio outstanding throughout the periods
indicated. Information for all periods was audited by KPMG Peat Marwick LLP,
independent certified public accountants, to the extent of their reports
appearing in the Annual Reports for those periods and included in the Statement
of Additional Information. All reports are available upon request.
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YEAR ENDED MARCH 31, AUG 1, 1991
-------------------------------------------------------- (INCEPTION) TO
1996# 1995# 1994# 1993# MARCH 31, 1992#
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<S> <C> <C> <C> <C> <C>
NET ASSET VALUE,
BEGINNING OF PERIOD $1.000 $1.000 $1.000 $1.000 $1.000
INCOME FROM INVESTMENT OPERATIONS
Net Investment Income 0.051 0.042 0.028 0.031 0.031
------ ------ ------ ------ ------
LESS DISTRIBUTIONS
Dividends (from net investment income) (0.051) (0.042) (0.028) (0.031) (0.031)
------ ------ ------ ------ ------
NET ASSET VALUE, END OF PERIOD $1.000 $1.000 $1.000 $1.000 $1.000
------ ------ ------ ------ ------
------ ------ ------ ------ ------
TOTAL RETURN 5.2% 4.2% 2.9% 3.2% 4.7%*
RATIOS/SUPPLEMENTAL DATA
Net Assets, End of Period $4,141,602 $2,668,933 $1,918,127 $555,050 $277,582
Ratio of Expenses to Average Net
Assets 0.50%** 0.50% 0.25% 0.26% 0.27%*
Ratio of Net Investment Income to
Average Net Assets 4.95% 4.18% 2.81% 3.05% 4.65%*
Portfolio Turnover Rate N/A N/A N/A N/A N/A
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* Annualized for periods of less than twelve months.
** Absent voluntary waivers, the expense ratio would have been 1.14%.
# The per share amounts and total return figures have been restated from the
1996 annual report to shareholders to reflect the correction of a
computational error.
