THE WALL STREET FUND, INC.
Supplement dated September 14, 2000 to
Prospectus dated May 1, 2000
WAIVERS FOR CERTAIN INVESTORS as listed on page 7 of the Prospectus is revised
to add the following bullet points:
- Investors may purchase shares of the Fund at net asset value to the extent
that this investment represents the proceeds from the redemption, within
the previous sixty days, of shares or interests (the purchase price of
which shares included a sales charge) of another mutual fund or a
commodity pool. When making a purchase at net asset value pursuant to this
provision, the investor should forward to the Fund's transfer agent either
(i) the redemption check representing the proceeds of the shares redeemed,
endorsed to the order of the Fund (i.e. The Wall Street Fund, Inc.), or
(ii) a copy of the confirmation from the other fund, showing the
redemption transaction.
- Former shareholders of the Fund may purchase shares of the Fund at net
asset value up to a dollar amount not exceeding their prior investment in
the Fund. When making a purchase at net asset value pursuant to this
provision, the former shareholder should forward to the Fund's transfer
agent a copy of an account statement showing the prior investment in the
Fund.
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THE WALL STREET FUND, INC.
Supplement dated September 14, 2000 to
Prospectus dated May 1, 2000
The following provision should appear immediately after WAIVERS FOR CERTAIN
INVESTORS on page 7 of the Prospectus:
PURCHASES THROUGH PROCESSING INTERMEDIARIES
Investors may purchase shares of the Fund at net asset value through programs or
services offered or administered by broker-dealers, financial institutions or
other service providers ("Processing Intermediaries") that have entered into
agreements with the Fund. Such Processing Intermediaries may become shareholders
of record and may use procedures and impose restrictions in addition to or
different from those applicable to investors who invest directly in the Fund or
by placing orders with selected dealers. Certain services of the Fund may not be
available or may be modified in connection with the programs provided by
Processing Intermediaries. The Fund may only accept requests to purchase
additional shares for an account in which the Processing Intermediary is the
shareholder of record from the Processing Intermediary. Processing
Intermediaries may charge fees or assess other charges for the services they
provide to their customers. Any such fee or charge paid directly by shareholders
is retained by the Processing Intermediary and is not remitted to the Fund, the
Distributor or the investment adviser. Additionally, the investment adviser, the
Distributor and/or the Fund may pay fees to Processing Intermediaries to
compensate them for the services they provide. Program materials provided by the
Processing Intermediary should be read in conjunction with the Prospectus before
investing in this manner. Shares of the Fund may be purchased through Processing
Intermediaries without regard to the Fund's minimum purchase requirement.
The Fund may authorize one or more Processing Intermediaries (and other
Processing Intermediaries properly designated thereby) to accept purchase orders
on the Fund's behalf. In such event, the Fund will be deemed to have received a
purchase order when the Processing Intermediary accepts the customer order, and
the order will be priced at the Fund's net asset value next computed after it is
accepted by the Processing Intermediary.
