USAA MUTUAL FUND, INC.
Aggressive Growth Fund, Growth Fund, Growth & Income Fund
Income Stock Fund, Income Fund, Short-Term Bond Fund
and Money Market Fund
SUPPLEMENT dated June 17, 1996
to the STATEMENT of ADDITIONAL INFORMATION dated December 1, 1995
The USAA Funds have adopted the following administrative policy:
Small Balance Account Fee. Beginning in September 1998, and occurring each
September thereafter, USAA Shareholder Account Services (SAS) will assess a
small balance account fee of $12 to shareholder accounts whose balance, at the
time of assessment, is below $2,000. The fee will be used to reduce total
transfer agency fees paid by each Fund to SAS. The following accounts will be
exempt from the fee:
Any account on a systematic investment plan
Any account registered as UGMA or UTMA
All (non IRA) money market fund accounts
Any account whose registered owner has an aggregate balance of
$50,000 or more invested in USAA mutual funds
All IRA accounts (for the first year account is open)
28593-0696
USAA MUTUAL FUND, INC.
S&P 500 Index Fund
SUPPLEMENT dated June 17, 1996
to the STATEMENT of ADDITIONAL INFORMATION dated May 1, 1996
The USAA Funds have adopted the following administrative policy:
Small Balance Account Fee. Beginning in September 1998, and occurring each
September thereafter, USAA Shareholder Account Services (SAS) will assess a
small balance account fee of $12 to shareholder accounts whose balance, at the
time of assessment, is below $2,000. The fee will be used to reduce total
transfer agency fees paid by each Fund to SAS. The following accounts will be
exempt from the fee:
Any account on a systematic investment plan
Any account registered as UGMA or UTMA
All (non IRA) money market fund accounts
Any account whose registered owner has an aggregate balance of
$50,000 or more invested in USAA mutual funds
All IRA accounts (for the first year account is open)
28594-0696
