[Logo of USAA MUTUAL FUND, INC.
USAA Eagle Aggressive Growth Fund, Growth Fund,
Appears Here] Growth & Income Fund, Income Stock Fund,
Income Fund, Short-Term Bond Fund
and Money Market Fund
SUPPLEMENT DATED APRIL 1, 1997
TO THE PROSPECTUSES
DATED DECEMBER 1, 1996
On March 24, 1997, the Board of Directors approved the following change to the
minimum investments stated under "Purchase of Shares":
The minimum initial investment has been changed to include a $500 initial
investment for Uniform Gifts/Transfers to Minors Act (UGMA or UTMA) accounts.
The option of opening an UGMA/UTMA account through the InveStart(R) program with
a minimum initial investment of $100 will remain in effect for those who wish to
invest automatically a minimum of $50 per month.
29896-0497
