Rule 497(e)
Registration No. 333-00767
AMERINDO TECHNOLOGY FUND
A SERIES OF AMERINDO FUNDS INC.
SUPPLEMENT DATED OCTOBER 28, 1996
TO PROSPECTUS DATED JULY 31, 1996
Effective October 28, 1996 through December 31, 1996, the Amerindo
Technology Fund (the "Fund") has reduced the minimum investment for its Class D
shares to $25,000 from $150,000 and the minimum subsequent investment for such
shares to $2,500 from $15,000. The Fund's Class A shares are not currently
being offered for sale.
The Fund's Board of Directors also has approved the
following new servicing arrangements: American Data Services,
Inc. will serve as the Fund's administrator, transfer and
dividend disbursing agent and provide Fund accounting services.
Additionally, the Fund will act as its own issuer effective
immediately.
Effective immediately, instructions for initial and subsequent
investments by mail and wire appearing in the current prospectus are changed as
follows:
MAILING INSTRUCTIONS:
Amerindo Technology Fund
c/o American Data Services, Inc.
24 West Carver Street, 2nd Floor
Huntington, New York 11743
WIRE INFORMATION:
The Chase Manhattan Bank
Huntington, NY
ABA #021000021
Account #5021120976
F/B/O Amerindo Technology Fund
Ref. (Class)
Fund Account #_______________________
C/M 12034.0001 419545.1
