MAXIM SERIES FUND, INC.

                                POWER OF ATTORNEY


                  KNOW ALL MEN BY THESE PRESENTS, the undersigned hereby makes,
constitutes and appoints B.A. Byrne, G.R. McDonald and M. Maiers, and each of
them, severally, his true and lawful attorneys and agents in his name, place and
stead to execute for and on his behalf any and all filings and amendments to a
Registration Statement on Form N-14 (SEC File No. 333-132569), filed on March
20, 2006, with respect to the merger of the U.S. Government Securities Portfolio
of Maxim Series Fund, Inc. ("Maxim") with and into the U.S. Government Mortgage
Securities Portfolio of Maxim, and any other documents and instruments
incidental thereto, and to deliver and file the same, with all exhibits thereto,
and all documents and instruments in connection therewith, with the Securities
and Exchange Commission, granting unto said attorneys and agents, and each of
them, full power and authority to do and perform each and every act and thing
that said attorneys and agents, and each of them, deem advisable or necessary to
enable Maxim to effectuate the intents and purposes hereof, hereby ratifying and
confirming all actions of any said attorneys hereunder. Said attorneys may act
jointly or severally, and the action of one shall bind the undersigned as fully
as if two or more had acted together.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand as of
this 10th day of April, 2006.


Signature                                    Title               Date

/s/ R.P. Koeppe                              Director            April 10, 2006

R.P. Koeppe



                             MAXIM SERIES FUND, INC.
                                POWER OF ATTORNEY

         KNOW ALL MEN BY THESE PRESENTS, the undersigned hereby makes,
constitutes and appoints B.A. Byrne, G.R. McDonald and M. Maiers, and each of
them, severally, his true and lawful attorneys and agents in his name, place and
stead to execute for and on his behalf any and all filings and amendments to a
Registration Statement on Form N-14 (SEC File No. 333-132569),, filed on March
20, 2006, with respect to the merger of the U.S. Government Securities Portfolio
of Maxim Series Fund, Inc. ("Maxim") with and into the U.S. Government Mortgage
Securities Portfolio of Maxim, and any other documents and instruments
incidental thereto, and to deliver and file the same, with all exhibits thereto,
and all documents and instruments in connection therewith, with the Securities
and Exchange Commission, granting unto said attorneys and agents, and each of
them, full power and authority to do and perform each and every act and thing
that said attorneys and agents, and each of them, deem advisable or necessary to
enable Maxim to effectuate the intents and purposes hereof, hereby ratifying and
confirming all actions of any said attorneys hereunder. Said attorneys may act
jointly or severally, and the action of one shall bind the undersigned as fully
as if two or more had acted together.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand as of
this 8th day of April, 2006.


Signature                                     Title               Date

/s/ S. Zisman                                 Director            April 8, 2006

S. Zisman






                             MAXIM SERIES FUND, INC.

                                POWER OF ATTORNEY


         KNOW ALL MEN BY THESE PRESENTS, the undersigned hereby makes,
constitutes and appoints B.A. Byrne, G.R. McDonald and M. Maiers, and each of
them, severally, his true and lawful attorneys and agents in his name, place and
stead to execute for and on his behalf any and all filings and amendments to a
Registration Statement on Form N-14 (SEC File No. 333-132569), filed on March
20, 2006, with respect to the merger of the U.S. Government Securities Portfolio
of Maxim Series Fund, Inc. ("Maxim") with and into the U.S. Government Mortgage
Securities Portfolio of Maxim, and any other documents and instruments
incidental thereto, and to deliver and file the same, with all exhibits thereto,
and all documents and instruments in connection therewith, with the Securities
and Exchange Commission, granting unto said attorneys and agents, and each of
them, full power and authority to do and perform each and every act and thing
that said attorneys and agents, and each of them, deem advisable or necessary to
enable Maxim to effectuate the intents and purposes hereof, hereby ratifying and
confirming all actions of any said attorneys hereunder. Said attorneys may act
jointly or severally, and the action of one shall bind the undersigned as fully
as if two or more had acted together.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand as of
this 5th day of April, 2006.


Signature                                   Title                 Date

/s/ R. Jennings                             Director              April 5, 2006

R. Jennings







                             MAXIM SERIES FUND, INC.

                                POWER OF ATTORNEY


                  KNOW ALL MEN BY THESE PRESENTS, the undersigned hereby makes,
constitutes and appoints B.A. Byrne, G.R. McDonald and M. Maiers, and each of
them, severally, his true and lawful attorneys and agents in his name, place and
stead to execute for and on his behalf any and all filings and amendments to a
Registration Statement on Form N-14 (SEC File No. 333-132569), filed on March
20, 2006, with respect to the merger of the U.S. Government Securities Portfolio
of Maxim Series Fund, Inc. ("Maxim") with and into the U.S. Government Mortgage
Securities Portfolio of Maxim, and any other documents and instruments
incidental thereto, and to deliver and file the same, with all exhibits thereto,
and all documents and instruments in connection therewith, with the Securities
and Exchange Commission, granting unto said attorneys and agents, and each of
them, full power and authority to do and perform each and every act and thing
that said attorneys and agents, and each of them, deem advisable or necessary to
enable Maxim to effectuate the intents and purposes hereof, hereby ratifying and
confirming all actions of any said attorneys hereunder. Said attorneys may act
jointly or severally, and the action of one shall bind the undersigned as fully
as if two or more had acted together.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand as of
this 7th

Signature                                   Title                 Date

/s/ W. T. McCallum                          Director              April 7, 2006

W. T. McCallum