Rule 497(e)
Registration No. 333-00767
AMERINDO TECHNOLOGY FUND
A SERIES OF AMERINDO FUNDS INC.
SUPPLEMENT DATED JANUARY 1, 1997
TO PROSPECTUS DATED JULY 31, 1996
Effective January 1, 1997 through January 31, 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.
The Fund's Class A shares are not currently being offered for sale.
American Data Services, Inc., 24 West Carver Street,
Huntington, New York 11743, serves as the Fund's administrator, transfer and
dividend disbursing agent and provides Fund accounting services. The Fund acts
as its own issuer.
C/M: 12034.0001 444863.1
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