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SECURITY EQUITY FUND
ENHANCED INDEX SERIES
MEMBERS OF THE SECURITY BENEFIT GROUP OF COMPANIES
700 HARRISON, TOPEKA, KANSAS 66636-0001
SUPPLEMENT DATED SEPTEMBER 30, 1999
TO PROSPECTUS DATED JULY 26, 1999
THE REFERENCE TO "SIDNEY HOOTS" IN THE "PORTFOLIO MANAGERS" SECTION OF THE
PROSPECTUS IS DELETED IN ITS ENTIRETY AND REPLACED WITH THE FOLLOWING:
DEAN S. BARR, Managing Director and Head of Global Quantitative Index
Strategies, has been co-manager of Enhanced Index Fund since he joined Bankers
Trust in September 1999. Prior to joining Bankers Trust, he was Chief Investment
Officer of Active Quantitative Strategies at State Street Global Advisors. He
has a bachelor's degree from Cornell University and an MBA in finance from New
York University Graduate School of Business.
MANISH KESHIVE, Vice President of Bankers Trust, has been co-manager of Enhanced
Index Fund since September 1999. He joined Bankers Trust in 1996. Prior to
joining Bankers Trust, he was a student earning a B.S. degree in Technology from
the Indian Institute of Technology in 1993 and an M.S. degree from the
Massachusetts Institute of Technology in 1995.
