SALOMON BROTHERS INSTITUTIONAL SERIES FUNDS INC
497, 1997-06-06
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                SALOMON BROTHERS INSTITUTIONAL INVESTMENT SERIES
                              7 WORLD TRADE CENTER
                            NEW YORK, NEW YORK 10048
                                 (800) 347-6028

                  SUPPLEMENT DATED JUNE 1, 1997 TO PROSPECTUS
                              DATED APRIL 29, 1997
 
     Effective  June 1, 1997, First Data Investor Services Group, Inc. ('FDISG')
will replace Investors Bank  & Trust Company ('IBT')  as the transfer agent  for
the  funds  comprising  Salomon Brothers  Institutional  Investment  Series (the
'Series'). Accordingly, the following  supplements the information contained  in
the Series' current Prospectus dated April 29, 1997.
 
     The second paragraph under the section entitled 'Purchase and Redemption of
Shares -- Purchase Procedures' is hereby replaced with the following paragraph:
 
          'Shares may be purchased by completing a Purchase Application and
     mailing  it,  together with  your  check payable  to  Salomon Brothers
     Funds, to:
 
        (Name of Fund)
        c/o FDISG
        P.O. Box 5127
        Westborough, MA 01581-5127'
 
     The fifth  paragraph  under  this  section  is  hereby  replaced  with  the
following paragraph:
 
          'Initial  and  subsequent investments  may also  be made  by wire
     transfer. The investor should instruct the wiring bank to transmit the
     specified amount in federal funds to:
 
        Boston Safe Deposit and Trust Company
        Boston, MA
        ABA No. 011-001-234
        Account # 142743
        Attn: (Name of Fund)
        Name of Account:
        Account # (As assigned):'
 
     The back cover of  the Prospectus is amended  by removing the reference  to
IBT as transfer agent and dividend disbursing agent and inserting the following:
 
        'TRANSFER AGENT AND DIVIDEND DISBURSING AGENT
        First Data Investor Services Group, Inc.
        P.O. Box 5127
        Westborough, Massachusetts 01581-5127'
 
     In  addition, all references  in the Prospectus to  'IBT' as transfer agent
should now be read as 'FDISG.'





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                SALOMON BROTHERS INSTITUTIONAL INVESTMENT SERIES
                              7 WORLD TRADE CENTER
                            NEW YORK, NEW YORK 10048
                                 (800) 347-6028

                 SUPPLEMENT DATED JUNE 1, 1997 TO STATEMENT OF
                  ADDITIONAL INFORMATION DATED APRIL 29, 1997
 
     Effective  June 1, 1997, First Data Investor Services Group, Inc. ('FDISG')
will replace Investors Bank  & Trust Company ('IBT')  as the transfer agent  for
the  funds  comprising  Salomon Brothers  Institutional  Investment  Series (the
'Series'). Accordingly, the following  supplements the information contained  in
the Series' current Statement of Additional Information dated April 29, 1997.
 
     All  references  in the  Statement of  Additional  Information to  'IBT' as
transfer agent  should  now  be read  as  'FDISG.'  In addition,  the  last  two
sentences under 'Custodian and Transfer Agent' are hereby deleted.





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