GREENWICH STREET SERIES FUND
on behalf of the
Intermediate High Grade Portfolio (the "Portfolio")
Supplement dated February 9, 1999 to
Prospectus dated April 30, 1998
The following revises and supersedes, as applicable, the
discussion under "Investment Goals and Policies of the Portfolios " The
Bond Portfolios - Intermediate High Grade Portfolio":
Currently, the Portfolio invests primarily in U.S. government
securities and high-grade corporate bonds of U.S. issuers, i.e., bonds
rated within the two highest rating categories by Moodys Investors
Services ("Moodys"), Standard & Poor's Ratings Group ("S&P"), or the
equivalent from another nationally recognized statistical rating
organization ("NRSRO"), or, if not rated, to be of comparable
quality.
On January 27, 1999, the Trust's Board of Trustees approved a
change in investment policy of the Portfolio. Effective April 30, 1999,
the Portfolio will be permitted to invest in bonds rated within the
three highest rating categories by Moodys, S&P, or the equivalent from
another NRSRO.
FD 01617
