Supplement, dated May 13, 1998, to the prospectus, dated May 1, 1998,
of
Seligman Capital Fund, Inc. (the "Fund")
Effective immediately, the following supersedes and replaces the
information contained in the first paragraph set forth in the Fund's
prospectus under "Management Services--Portfolio Management."
Portfolio Manager. Marion S. Schultheis, who joined the Manager as
Managing Director in May 1998, is Portfolio Manager of the Fund. Ms.
Schultheis is also Portfolio Manager of Seligman Growth Fund, Inc., Seligman
Henderson Global Growth Opportunities Fund, a series of Seligman Henderson
Global Fund Series, Inc., and the Seligman Capital Portfolio and the Seligman
Henderson Global Growth Opportunities Portfolio of Seligman Portfolios, Inc.
From October 1997 until May 1998, she was a Managing Director at Chancellor
LGT. Prior thereto, Ms. Schultheis was a Senior Portfolio Manager at IDS
Advisory Group Inc. from August 1987 until October 1997.
EQCAS1-5/98