[USAA USAA MUTUAL FUND, INC.
EAGLE Science & Technology Fund
LOGO] First Start Growth Fund
SUPPLEMENT DATED DECEMBER 12, 1997
TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED AUGUST 1, 1997
PORTFOLIO TRANSACTIONS on page 7 of the Statement of Additional Information has
been amended to include the following as the second paragraph:
The Funds will have no obligation to deal with any particular broker or group
of brokers in the execution of portfolio transactions. The Funds contemplate
that, consistent with obtaining the best overall terms available, brokerage
transactions may be effected through USAA Brokerage Services, a discount
brokerage service of the Manager. The Company's Board of Directors has adopted
procedures in conformity with Rule 17e-1 under the 1940 Act designed to ensure
that all brokerage commissions paid to USAA Brokerage Services are reasonable
and fair. The Company's Board of Directors has authorized the Manager, as a
member of the Chicago Stock Exchange, to effect portfolio transactions for the
Funds on such exchange and to retain compensation in connection with such
transactions. Any such transactions will be effected and related compensation
paid only in accordance with applicable SEC regulations.
31407-1297
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