THE MARSICO INVESTMENT FUND
The Marsico Focus Fund
The Marsico Growth & Income Fund
SUPPLEMENT DATED MARCH 2, 1998 TO
STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 15, 1997
In managing the Focus and Growth & Income Funds, Marsico Capital
Management (the "Adviser") utilizes an investment approach that relies in part
on "out of the box" thinking to find attractive investment opportunities. Under
this approach, the Adviser seeks information about potential investments from a
variety of sources, including a company's management, its suppliers, customers,
competitors, and critics. Much of this information is not typically obtained
through conventional financial analysis. The Adviser intends to make investment
decisions based on the information obtained by this process before such
information becomes available through more conventional channels. In deciding
whether to sell an investment, the Adviser considers many factors, including
negative changes in the rationale for owning the investment and adverse changes
in a company's competitive environment. The adviser seeks to distinguish between
temporary, correctable setbacks and real structural changes.
