TRAVELERS SERIES FUND INC.
on behalf of the
TBC Managed Income Portfolio
Supplement dated October 28, 1998
to Prospectus dated February 27, 1998
At a regular meeting of the Board of Directors of the Travelers
Series Fund Inc. (the "Fund") held on September 9, 1998, the
Directors approved a new Management Agreement ("Agreement"),
subject to shareholder approval, between the Fund on behalf of
the TBC Managed Income Portfolio (the "Portfolio") and Travelers
Asset Management International Corporation ("TAMIC"). The Board
also approved the termination of the current management agreement
with Travelers Investment Advisor, Inc. ("TIA"), an affiliate of
TAMIC, and the current sub-advisory agreement with The Boston
Company Asset Management Inc. ("TBC"). The terms of the new
Agreement, including the advisory fee are the same in all
material respects as those of the current management agreement
combined with the sub-advisory agreement.
A special meeting of shareholders of the Portfolio, owning shares
as of September 30, 1998, will be held on November 24, 1998 to
consider and vote on the Agreement. If the Agreement is approved
by shareholders at the special meeting, TAMIC will replace TIA
and TBC, effective December 1, 1998. Also, effective with
shareholder approval of the Agreement, the Board approved
changing the name of the Portfolio to "Travelers Managed Income
Portfolio."
FD 01565
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