WEITZ SERIES FUND INC
497, 1998-08-18
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                            WEITZ SERIES FUND, INC.
 
                    SUPPLEMENT DATED AUGUST 18, 1998 TO THE
                         PROSPECTUS DATED JULY 30, 1998
 
  The Board of Directors of Weitz Series Fund, Inc. has made the determination
to close the Hickory Portfolio to new investors as of the close of the New York
Stock Exchange on August 18, 1998. Current shareholders may continue to add to
their accounts. In addition, the Hickory Portfolio will remain open to the
following new investors:
 
    1)  Current shareholders who open a new account under the same tax
       identification number;
 
    2)  Family members who reside at the address of record of a current
       shareholder;
 
    3)  Clients of financial advisors who have at least $1 million of client
       assets invested in the Hickory Portfolio as of the date of closing;
 
    4)  Future participants in retirement plans which currently offer the
       Hickory Portfolio as an investment option to participants;
 
    5)  Current and future members of the Board of Directors of Weitz Series
       Fund, Inc. and current and future employees of Wallace R. Weitz & Company
       and family members of such board members or employees who reside at the
       same address as the board members or employee.
 
  The Board of Directors has reserved the right to reopen the Hickory Portfolio
at a future date if circumstances warrant the reopening of the fund.
 
                                      -3-


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