THE WALL STREET FUND, INC.
Supplement dated October 3, 2000 to
Prospectus dated May 1, 2000
Under the section FEES & EXPENSES on page 6, the portion of the table ANNUAL
FUND OPERATING EXPENSES is replaced with the following:
Management Fees........................................ 0.50%*
Distribution (12b-1) Fees............................. NONE
Other Expenses......................................... 1.30%*
Total Annual Operating Expenses..................... 1.80%*
* At their September 14, 2000 meeting, the Board of Directors approved a
reduction in the Investment Advisory Fees from 0.75% to 0.50%, and adopted
a shareholder servicing plan under which up to 0.25% of the Fund's average
daily net assets, on an annualized basis, can be used to provide certain
shareholder services.
Under MANAGEMENT OF THE FUND on page 11, the third paragraph is hereby replaced
with the following:
As compensation for all the foregoing services, the Fund pays the Adviser a fee
at the annual rate of 1/2 of one percent (0.50%) of the Fund's average daily net
assets. The advisory fee paid for 1999 as a percentage of average net assets was
0.75%.
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THE WALL STREET FUND, INC.
Supplement dated October 3, 2000 to
Statement of Additional Information
dated May 1, 2000
The following should be inserted on page 24 under its own header:
SHAREHOLDER SERVICING AGENTS
The Fund entered into a shareholder servicing agreement (a "Servicing
Agreement") with the Adviser pursuant to which the Adviser may compensate
certain persons ("Shareholder Servicing Agents") who provide shareholder
services, including answering customer inquiries, assisting in processing
purchase, exchange and redemption transactions and furnishing Fund
communications to shareholders. For services provided under the Servicing
Agreement, the Adviser receives fees from the Fund at an annual rate of 0.25% of
the average daily net assets of the Fund.
