Notes to Financial Statements
A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: The fund is a diversified, open- end
management investment company which currently is comprised of nine separate investment portfolios and series
of capital stock: Money Market Series, U.S. Government Securities Series, Diversified Income Series, High
Yield Series, Asset Allocation Series, Growth & Income Series, Growth Stock Series, Global Growth Series,
and Aggressive Growth Series, each of which has different investment objectives and its own investment portfolio
and net asset value. All series of the fund are organized as diversified series. The articles of incorporation of
Fortis Series Fund, Inc., permits the Board of Directors to create additional portfolios in the future.
Shares of the fund will not be sold directly to the public, but sold only to Fortis Benefits Insurance Company
separate accounts in connection with variable insurance contracts and policies.
SECURITY VALUATION: Investments in securities traded on a national securities exchange or on the
NASDAQ National Market System are valued at the last reported sales price; listed securities and over-the-
counter securities for which no sale was reported and securities traded in the over- the-counter market are valued
at the last reported bid price. Long-term debt securities are valued at current market prices on the basis of
valuations furnished by an independent pricing service. Short-term investments, with maturities of less than 60
days when acquired, or which subsequently are within 60 days of maturity, are valued at amortized cost.
SECURITIES PURCHASED ON A WHEN-ISSUED BASIS: Delivery and payment for securities that have
been purchased by all portfolios except for Money Market Series and Growth Stock Series on a forward
commitment or when-issued basis can take place a month or more after the transaction date. During this period,
such securities are subject to market fluctuation and the portfolio maintains, in a segregated account with its