USAA USAA MUTUAL FUND, INC.
EAGLE Income Stock Fund
LOGO
SUPPLEMENT DATED AUGUST 17, 1998
TO THE PROSPECTUS
DATED DECEMBER 1, 1997
Page 9 of the Prospectus under the heading Portfolio Manager is amended to
reflect the following change.
Portfolio Manager
After 24 years of service with USAA Investment Management Company, Harry W.
Miller, the Fund's portfolio manager, is retiring. Mr. Miller served as the
Fund's portfolio manager from January 1989 through August 17, 1998. Effective
August 17, 1998, the Fund is managed by a team of portfolio managers who are
responsible for the day-to-day management of the Fund's portfolio. The team
meets regularly to review the portfolio holdings of the Fund and will make
adjustments when appropriate to keep the Fund in line with its investment
objective.
32904-0898
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USAA USAA MUTUAL FUND, INC.
EAGLE Aggressive Growth Fund Income Fund
LOGO Growth Fund Short-Term Bond Fund
Growth and Income Fund Money Market Fund
Income Stock Fund
SUPPLEMENT DATED AUGUST 27, 1998
TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED DECEMBER 1, 1997
Page 9 of the Statement of Additional Information under the heading INVESTMENTS
IN REAL ESTATE INVESTMENT TRUSTS (REITS) has been amended to add the Income
Fund to the list of funds that may invest their assets in equity securities of
REITs.
32997-0898
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