-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000817841-98-000013.txt : 19980514
<SEC-HEADER>0000817841-98-000013.hdr.sgml : 19980514
ACCESSION NUMBER:		0000817841-98-000013
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980513
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SELIGMAN PORTFOLIOS INC/NY
		CENTRAL INDEX KEY:			0000817841
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-15253
		FILM NUMBER:		98617607

	BUSINESS ADDRESS:	
		STREET 1:		100 PARK AVENUE
		STREET 2:		7TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2124880200

	MAIL ADDRESS:	
		STREET 1:		100 PARK AVENUE
		STREET 2:		7TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SELIGMAN MUTUAL BENEFIT PORTFOLIOS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>SUPPLEMENT
<TEXT>


     Supplement, dated May 13, 1998, to the prospectus, dated May 1, 1998,
                                       of
                     Seligman Portfolios, Inc. (the "Fund")


      Effective   immediately,   the  following   supersedes  and  replaces  the
information contained in the second paragraph set forth in the Fund's prospectus
under "Management Services--Portfolio Management."

      Marion S.  Schultheis,  who joined the Manager as  Managing  Director in
May 1998,  is Portfolio  Manager of the  Seligman  Capital  Portfolio  and the
Seligman  Henderson  Global Growth  Opportunities  Portfolio of the Fund.  Ms.
Schultheis is also Portfolio Manager of Seligman Capital Fund, Inc.,  Seligman
Growth Fund, Inc. and Seligman Henderson Global Growth  Opportunities  Fund, a
series of Seligman  Henderson  Global Fund  Series,  Inc.  From  October  1997
until  May  1998,  she  was a  Managing  Director  at  Chancellor  LGT.  Prior
thereto,  Ms.  Schultheis was a Senior Portfolio Manager at IDS Advisory Group
Inc. from August 1987 until October 1997.


Supp1-5/98


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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