Rule 497(e)
Registration No. 333-00767
AMERINDO TECHNOLOGY FUND
A SERIES OF AMERINDO FUNDS INC.
SUPPLEMENT DATED FEBRUARY 1, 1997
TO PROSPECTUS DATED JULY 31, 1996
Effective February 1, 1997, 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. These reductions will remain
in effect until further action by the Fund's Board of Directors.
The Fund's Class A shares are not currently being offered for sale.
C/M: 12034.0001 454664.1
<PAGE>