Rule 497(e)

File Nos. 002-75503

811-03364

MAXIM SERIES FUND, INC.

Maxim SecureFoundationSM Balanced Portfolio

Maxim SecureFoundationSM Lifetime 2015 Portfolio

Maxim SecureFoundationSM Lifetime 2020 Portfolio

Maxim SecureFoundationSM Lifetime 2025 Portfolio

Maxim SecureFoundationSM Lifetime 2030 Portfolio

Maxim SecureFoundationSM Lifetime 2035 Portfolio

Maxim SecureFoundationSM Lifetime 2040 Portfolio

Maxim SecureFoundationSM Lifetime 2045 Portfolio

Maxim SecureFoundationSM Lifetime 2050 Portfolio

Maxim SecureFoundationSM Lifetime 2055 Portfolio

(the “Portfolios”)

Supplement dated March 7, 2011 to the Prospectus and Statement of Additional Information for Maxim Series Fund, Inc. both dated December 31, 2010

Effective immediately, the front page of the Prospectus and the front page of the Statement of Additional Information are revised to include the following ticker symbols for the Portfolios:

Maxim SecureFoundationSM Balanced Portfolio

Class L Ticker:  MXLDX

Maxim SecureFoundationSM Lifetime 2015 Portfolio

Class L Ticker:  MXLEX

Maxim SecureFoundationSM Lifetime 2020 Portfolio

Class G Ticker:  MXSMX

Class G1 Ticker:  MXSPX

Class L Ticker:  MXLFX

Maxim SecureFoundationSM Lifetime 2025 Portfolio

Class L Ticker:  MXLHX

Maxim SecureFoundationSM Lifetime 2030 Portfolio

Class G Ticker:  MXSQX

Class G1 Ticker:  MXASX

Class L Ticker:  MXLIX

Maxim SecureFoundationSM Lifetime 2035 Portfolio

Class L Ticker:  MXLJX

Maxim SecureFoundationSM Lifetime 2040 Portfolio

Class G Ticker:  MXDSX

Class G1 Ticker:  MXEFX

Class L Ticker:  MXLKX

Maxim SecureFoundationSM Lifetime 2045 Portfolio

Class L Ticker:  MXLNX

Maxim SecureFoundationSM Lifetime 2050 Portfolio

Class G Ticker:  MXFSX

Class G1 Ticker:  MXHSX

Class L Ticker:  MXLOX

Maxim SecureFoundationSM Lifetime 2055 Portfolio

Class L Ticker:  MXLPX

This Supplement must be accompanied by or read in conjunction with the current Prospectus and Statement of Additional Information, both dated December 31, 2010, and should be retained for future reference.