WEITZ SERIES FUND INC
497, 1998-02-25
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<PAGE>

                               WEITZ SERIES FUND, INC.

                      Supplement dated February 25, 1998 to the 
                            Prospectus dated July 15, 1997


The third paragraph on page 22 of the Prospectus is amended in its entirety to
read as follows:

    Shares of the Funds may also be purchased through certain broker-dealers and
other financial intermediaries that have entered into selling agreements or
related arrangements with the Adviser.  Investors may be charged a fee by such
broker or financial intermediary if they effect transactions through such
entity.  The Adviser may, from time to time, make payments to broker-dealers or
other financial intermediaries for certain services to the Funds and/or their
shareholders, including sub-administration, sub-transfer agency and shareholder
servicing. Such payments are made out of the Adviser's own resources and do not
involve additional costs to the Funds or their shareholders.

<PAGE>

                               WEITZ SERIES FUND, INC.

                      Supplement dated February 25, 1998 to the
               Statement of Additional Information dated July 15, 1997



The following paragraph is hereby added on page 15 as the third full paragraph
of the Section titled "Purchase of Shares":

     The Fund has authorized one or more brokers to accept on its behalf
purchase and redemption orders.  Such brokers are authorized to designate other
intermediaries to accept purchase and redemption orders on the Fund's behalf.
The Fund will be deemed to have received a purchase or redemption order when an
authorized broker or, if applicable, a broker's authorized designee, accepts the
order. A shareholder's order will be priced at the Fund's net asset value next
computed after such order is accepted by an authorized broker or the broker's
authorized designee.




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