Filed pursuant to Rule 497(e)
Under the Securities Act of 1933.
File No. 33-27925
File No. 811-8231
Spirit of America Investment Fund
Supplement dated May 7, 1999 to Prospectus dated February 26, 1999.
The following information supplements and replaces any contrary information
contained in the section of Fund's Prospectus entitled "How to Purchase Shares":
Effective May 10, 1999, the minimum initial investment for Class A shares and
Class B shares is $500.
Effective May 10, 1999, please send any subsequent investments you wish to make
by mail to:
First Data Investor Services Group, Inc.
P.O. Box 61767
King of Prussia, PA 19406
Effective May 10, 1999, investments made by bank wire should be sent using the
following instructions:
Boston Safe Deposit & Trust
ABA#: 011001234
Credit: Spirit of America Investment Fund, Inc.
Acct#: 182095
FBO: (Insert Shareholder name and new account number from
confirmation received with letter to shareholders dated May 14, 1999)
Please note that when making an initial purchase by wire, you must first
telephone the transfer agent at (800) 452-4892 or (610) 239-4600 to receive an
account number.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE
FIRST DATA INVESTOR SERVICES GROUP, INC.
3200 Horizon Drive
King of Prussia, PA 19406-0903
May 7, 1999
SECURITIES AND EXCHANGE COMMISSION
Judiciary Plaza
Public Filing Desk
450 Fifth Street, NW
Washington, DC 50549
Re: SPIRIT OF AMERICA INVESTMENT FUND, INC. (the "Registrant")
File No. 33-27925
File No. 811-8231
To the Staff of the Commission:
Pursuant to Rule 497 under the Securities Act of 1933, as amended, enclosed
for filing on behalf of the Registrant is the EDGAR transmission of the
Supplement dated May 7, 1999 to the Prospectus dated February 26, 1999.
The purpose of this filing is to make certain revisions regarding
the address of the transfer agent and the wiring instructions. This filing
also serves to reduce the minimum initial investment from $1,000 to $500.
Should you have any questions, comments or require further information, I can
be reached directly at 610-239-4727.
Thank you for your courtesy and cooperation.
Sincerely,
Thomas N. Calabria
Compliance Administrator
cc: Dan Chafetz (Compliance officer, Spirit of America Management, Inc.)
Ruthann Niosi, Esq.
