497 1 d497.htm DEFINITIVE MATERIAL Definitive Material

Lord Abbett Series Fund – Developing Growth Portfolio

Supplement dated December 23, 2010

to the Statement of Additional Information dated May 1, 2010

(Class VC Shares)

 

 

 

1. The following is added to the table in the subsection titled “Management of the Funds – Officers” in the statement of additional information.

 

Name and Year

of Birth

  

Current Positions

with the Company

   Length of Service of
Current Position
   Principal Occupation During Past Five Years

Arthur K. Weise

(1970)

   Vice President    Elected in 2010    Portfolio Manager, joined Lord Abbett in 2007 and was formerly a Managing Director, Portfolio Manager and Analyst at Bank of New York Institutional Asset Management (2005–2007) and Vice President, Director of Research, and Analyst at Trainer Wortham & Co. (2000–2005).

 

2. The following replaces the fifth paragraph and the row of the table regarding the Developing Growth Portfolio in the subsection titled “Investment Advisory and Other Services – Portfolio Managers” in the statement of additional information:

The team for the Developing Growth Portfolio is headed by F. Thomas O’Halloran. Assisting Mr. O’Halloran is Arthur K. Weise. Messrs. O’Halloran and Weise are jointly and primarily responsible for the day-to-day management of the Fund.

 

            Other Accounts Managed (# and Total Net Assets in Millions)
Portfolio    Name    Registered Investment
Companies
   Other Pooled
Investment Vehicles
   Other Accounts
Developing Growth Portfolio    F. Thomas O’Halloran    5/$1,260.0    0/$0.0    5/$141.6
   Arthur K. Weise*    0/$0    0/$0    0/$0

 

*  The amounts shown are as of November 30, 2010.

 

3. The following replaces the row of the table regarding the Developing Growth Portfolio in the subsection titled “Investment Advisory and Other Services – Holdings of Portfolio Managers” in the statement of additional information:

 

            Dollar Range of Shares in the Fund
Fund    Name    None    $1-
$10,000
   $10,001-
$50,000
   $50,001-
$100,000
   $100,001-
$500,000
   $500,001-
$1,000,000
   Over
$1,000,000
Developing Growth Portfolio    F. Thomas O’Halloran    X                              
   Arthur K. Weise*    X                          

 

*  The amount shown is as of November 30, 2010.

Please retain this document for your future reference.