LIGHT REVOLUTION FUND INC
497, 1999-09-28
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                   Light Revolution Fund, Inc.



Supplement to Light Revolution Fund Prospectus Dated June 4, 1999


                    Removal of Redemption Fee

     Effective September 16, 1999, the 1.0% redemption fee on
redemptions of shares of the Light Revolution Fund within twelve
months of their purchase has been removed and shall no longer be
imposed on redemptions of shares of the Light Revolution Fund.


                      Sales Charge Waivers

     In addition to the sales charge waivers set forth in the
prospectus, (i) Keogh plans with at least $500,000 in net assets
and at least 2 plan participants and (ii) vendors or service
providers of the Fund or the Adviser may purchase shares of the
Light Revolution Fund at net asset value without the imposition
of any sales charge.


                   Appointment of New Director

     Effective September 15, 1999, Robert W. Burnett was
appointed to the board of directors of the Light Revolution Fund
to fill a vacancy created as a result of the expansion of the
board.  Mr. Burnett is a disinterested director of the Fund.

     This Supplement should be retained with your prospectus for
future reference.

     The date of this supplement is September 28, 1999.






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