Exhibit i
Opinion and Consent of Counsel
<PAGE>
10 State House Square, SH11
Hartford, CT 06103-3602
MICHAEL GIOFFRE
Counsel
Aetna Series Fund, Inc.
September 27, 2000 (860) 275-3252
Fax: (860) 275-2158
September 27, 2000
U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Attn: Filing Desk
Re: AETNA SERIES FUND, INC.
POST-EFFECTIVE AMENDMENT NO. 44 TO
REGISTRATION STATEMENT ON FORM N-1A
(FILE NO. 33-41694 AND 811-6352)
Dear Sir or Madam:
The undersigned serves as counsel to Aetna Series Fund, Inc., a Maryland
corporation (the "Company"). It is my understanding that the Company has
registered an indefinite number of shares of beneficial interest under the
Securities Act of 1933 (the "1933 Act") pursuant to Rule 24f-2 under the
Investment Company Act of 1940 (the "1940 Act").
Insofar as it relates or pertains to the Company, I have reviewed the
prospectuses and the Company's Registration Statement on Form N-1A, as amended
to the date hereof, filed with the Securities and Exchange Commission under the
1933 Act and the 1940 Act, pursuant to which the Shares will be sold (the
"Registration Statement"). I have also examined originals or copies, certified
or otherwise identified to my satisfaction, of such documents and other
instruments I have deemed necessary or appropriate for the purpose of this
opinion. For purposes of such examination, I have assumed the genuineness of all
signatures on original documents and the conformity to the original of all
copies.
Based upon the foregoing, and assuming the securities are issued and sold in
accordance with the provisions of the Company's charter and the Registration
Statement, I am of the opinion that the securities will when sold be legally
issued, fully paid and nonassessable.
I consent to the filing of this opinion as an exhibit to the Registration
Statement.
Sincerely,
/s/ Michael Gioffre
Michael Gioffre
Counsel
