<PAGE>
RCM GLOBAL TECHNOLOGY FUND
OFFERED BY:
RCM EQUITY FUNDS, INC.
SUPPLEMENT DATED DECEMBER 11, 1996
TO THE PROSPECTUS DATED DECEMBER 27, 1995
THE FOLLOWING INFORMATION REPLACES INFORMATION ON PAGE 5 OF THE PROSPECTUS:
CAN I REDEEM You may redeem your shares at any time at their net asset
SHARES AT ANY value, without a redemption charge. (See REDEMPTION OF
TIME? SHARES.)
THE FOLLOWING INFORMATION REPLACES INFORMATION ON PAGE 6 OF THE PROSPECTUS:
WHAT EXPENSES The following information is designed to help you understand
WILL THE FUND various costs and expenses of the Fund that an investor may
INCUR? bear directly or indirectly. The information is based on
the Fund's expected expenses for its first year of
operation, and should not be considered a representation of
future expenses or returns. Actual expenses and returns may
be greater or less than those shown below.
STOCKHOLDER TRANSACTION EXPENSES
Sales load imposed on purchases None
Sales load imposed on reinvested dividends None
Deferred sales loads None
Redemption fees None
ANNUAL FUND OPERATING EXPENSES
Investment management fees 1.00%
Other expenses (after expense reduction*) 0.75%
Total Fund operating expenses 1.75%
(after expense reduction*)
<PAGE>
EXAMPLE OF PORTFOLIO EXPENSES 1 YEAR 3 YEARS
You would pay the following total $17.78 $55.11
expenses on a $1,000 investment,
assuming (1) a 5% annual
return and (2) redemption
at the end of each time period
____________________________
* The Investment Manager has voluntarily agreed, until at least December 31,
1996, to pay the Fund on a quarterly basis the amount, if any, by which
certain ordinary operating expenses of the Fund exceed the annual rate of
1.75% of the average daily net assets of the Fund. In subsequent years,
the Fund will reimburse the investment manager for any such payments to the
extent that the Fund's operating expenses are otherwise below this expense
cap. (See ORGANIZATION AND MANAGEMENT.) Other expenses and total Fund
operating expenses for the first year of operation of the Fund, without
expense reduction are estimated to be 2.36% and 3.36%, respectively, of the
Fund's average daily net assets.
ADD THE FOLLOWING SENTENCE TO THE SECTION TITLED "HOW DO I REDEEM MY SHARES?"
FOUND ON PAGE 26:
Stockholders may be charged a redemption fee if they effect transactions through
a broker or agent.
DELETE THE SECTION TITLED "WHAT IS THE REDEMPTION FEE?" FOUND ON PAGE 26.
