GREENWICH STREET SERIES FUND
on behalf of
Total Return Portfolio (the "Portfolio")
Supplement dated February 25, 1998 to
Prospectus dated April 30, 1997
The following information supplements, and to the extent
inconsistent therewith supersedes, the information set forth in the
Prospectus under "Management of the Fund."
For the investment advisory services provided to it by MMC, the
Portfolio pays MMC an annual management fee calculated at a rate of
0.55% of its average daily net assets, paid monthly. The Portfolio
also pays MMC an annual administration fee of 0.20% of its average
daily net assets, paid monthly, for administrative services.
FD 01415
