Aetna Series Fund, Inc.
October 2, 1995 Supplement to the Prospectus dated March 31, 1995
On September 29, 1995, the Board of Directors of the Aetna Series
Fund, Inc. adopted a Plan of Reorganization and Liquidation on behalf
of the Aetna Asian Growth Fund (the "Plan"). If the Plan is approved by
the Asian Growth Fund shareholders, the Aetna International Growth Fund
would acquire all the assets of the Asian Growth Fund, the shareholders
of the Asian Growth Fund would become shareholders of the International
Growth Fund, and the Asian Growth Fund would be liquidated.
Notice has been given to Dunedin Fund Managers, Ltd., the
investment subadviser of the Aetna International Growth Fund, that the
Board of Directors of the Fund has voted to terminate the subadvisory
agreement with Dunedin. Effective December 1, 1995 the day-to-day
management of the portfolio will be assumed by ALIAC, the current
investment Adviser (the "Adviser").
Form X41694.00.2