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SALOMON BROTHERS INVESTMENT SERIES
7 World Trade Center
New York, New York 10048
(888) 777-0102
Supplement dated February 25, 1999
to the Prospectus dated May 1, 1998
The information contained in this prospectus supplement amends and, to the
extent inconsistent therewith, supersedes information contained in the
Prospectus. The information contained in the Prospectus under the heading
"Investment Objectives and Policies" with respect to the Small Cap Growth Fund
is amended as follows:
Small Cap Growth Fund. The Small Cap Growth Fund seeks to obtain long-term
growth of capital. The Fund seeks to achieve its objective by investing
primarily in securities of companies with market capitalizations at the time
of purchase similar to that of companies included in the Russell 2000 Index
("Small Cap Companies"). The Russell 2000 Index includes companies with market
capitalizations below the top 1,000 stocks of the equity market. As of
December 31, 1998, the market capitalization of companies included in the
Russell 2000 Index ranged from $4.4 million to $3.1 billion. Under normal
market conditions the Small Cap Growth Fund will invest at least 65% of its
total assets in equity securities of Small Cap Companies. The Small Cap Growth
Fund also may invest up to 20% of its total assets in equity securities of
foreign issuers. The Small Cap Growth Fund may continue to hold securities of
a company whose market capitalization grows above the market capitalization of
a Small Cap Company subsequent to purchase if the company continues to satisfy
the other investment policies of the Fund. Up to 35% of the Small Cap Growth
Fund's total assets may be invested in securities of companies that are not
Small Cap Companies.
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