A series resonant drive circuit for a magnetic bubble memory includes X- and Y-coils arranged orthogonally to each other for generating a rotating magnetic field applied to a magnetic bubble memory chip, resonance capacitors each connected to a corresponding one of the X- and Y-coils for forming a series resonance circuit with the corresponding coil at a frequency of the rotating magnetic field, power supplies each connected to a corresponding one of the resonance circuits, and an inductance device connected in series with both of the resonance circuits and a capacitance device connected between the resonance circuits to compensate a mutual inductance due to the inductive coupling between the X- and Y-coils and a capacitance due to the capacitive coupling between the X- and Y-coils. Further, the temperature coefficient of the capacitance device is selected so that the temperature coefficients of the mutual inductance and capacitance between the coils can be compensated.