BOYAR VALUE FUND INC
497, 2000-09-28
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September 28, 2000

Boyar Value Fund
Supplement to Prospectus Dated May 1, 2000

Effective  October 9, 2000 the address for the Boyar Value Fund's  Administrator
will be 221 East Fourth Street,  Suite 300,  Cincinnati,  Ohio 45202. After this
date  please  disregard  the  address  and  printed  on the  back  cover  of the
Prospectus.



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