USAA USAA MUTUAL FUND, INC.
EAGLE INCOME FUND
LOGO
SUPPLEMENT DATED JANUARY 19, 2000
TO THE PROSPECTUS
DATED DECEMBER 1, 1999
After 29 years of service with USAA Investment Management Company, John W.
Saunders, Jr., the Fund's portfolio manager, will be retiring on January 31,
2000. Page 9 of the Prospectus under the heading "Portfolio Manager" is amended
to reflect the following change effective February 1, 2000.
PORTFOLIO MANAGER
MARGARET "DIDI" WEINBLATT, Vice President of Mutual Fund Portfolios, assumes
portfolio management responsibilities of the Income Fund replacing Mr.
Saunders.
Ms. Weinblatt has 20 years investment management experience and became a member
of our portfolio management team in January 2000. Prior to joining us she
worked for Countrywide Investments from June 1998 to November 1999; Copernicus
Asset Management, Ltd. from January 1996 to June 1998; and Neuberger & Berman
from 1986 to October 1995. Ms. Weinblatt earned the Chartered Financial Analyst
designation in 1985 and is a member of the Association for Investment
Management and Research and the New York Society of Securities Analysts. She
holds a Ph.D. and MA from the University of Pennsylvania and a BA from
Radcliffe College.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
35391-0100
<PAGE>
USAA USAA MUTUAL FUND, INC.
EAGLE INCOME STOCK FUND
LOGO
SUPPLEMENT DATED JANUARY 19, 2000
TO THE PROSPECTUS
DATED DECEMBER 1, 1999
The first sentence under "Dividends and Distributions" on page 16 of the
prospectus should be corrected to read as follows:
The Fund pays net investment income dividends quarterly.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
35523-0100
<PAGE>
USAA USAA MUTUAL FUND, INC.
EAGLE GROWTH & INCOME FUND
LOGO
SUPPLEMENT DATED JANUARY 19, 2000
TO THE PROSPECTUS
DATED DECEMBER 1, 1999
The first sentence under "Dividends and Distributions" on page 15 of the
prospectus should be corrected to read as follows:
The Fund pays net investment income dividends quarterly.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
35524-0100
