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Rule 497(d)
File No. 333-47467
THE NEVIS FUND, INC.
Supplement dated June 16, 1999
to the Prospectus dated June 26, 1998
This Supplement replaces the Supplement dated May 7, 1999. It provides new
and additional information beyond that contained in the Prospectus and should
be read in conjunction with the Prospectus.
1. The following sentence is added to the end of the first paragraph under
the heading "INVESTMENT ADVISER" on page 9 of the Prospectus:
The Adviser may use its own resources to make
payments to other parties which assist in the
distribution of the shares of the Fund.
2. The following paragraph will be added as the second paragraph under the
heading "PURCHASE AND REDEMPTION OF SHARES" on page 10 of the Prospec-
tus:
Investors may purchase and redeem shares of the
Fund through a broker or an agent. Investors may
be charged a fee if they make a purchase or
redemption of shares of the Fund through a broker
or an agent. Such fees may vary among brokers and
agents but in all cases will be retained by the
broker or agent and not remitted to the Fund or
the Adviser. The Fund may authorize one or more
brokers, financial institutions or other service
providers ("Processing Intermediaries"), who may
designate other Processing Intermediaries, to
accept purchase and redemption orders on behalf of
the Fund. In such event, the Fund will be deemed
to have received a purchase or redemption order
when accepted by the Processing Intermediary and
the order will be priced at the Fund's net asset
value next determined after the order is accepted
by the Processing Intermediary.
3. The wire instructions for The Nevis Fund, Inc. have changed. The disclo-
sure under the heading "PURCHASES BY WIRE TRANSFER" on page 11 of the
Prospectus, paragraph 2, has been deleted and is replaced with the fol-
lowing:
Shareholders having an account with a commercial
bank that is a member of the Federal Reserve
System may purchase shares of the Fund by
requesting their bank to transmit funds by wire
to: First Union National Bank; ABA # 031201467 for
Account Number 2014216981143; Further Credit: The
Nevis Fund, Inc. The shareholder's name and
account number must be specified in the wire.
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4. The disclosure under the heading "OFFICERS AND DIRECTORS" on page 15 of
the Prospectus is revised as follows:
<TABLE>
<CAPTION>
<S> <C>
David R.
Wilmerding,
III* President and Director
Jon C. Baker* Senior Vice-President, Treasurer, Secretary and Director
Joseph R.
Hardiman Director
Bailey Morris-
Eck Director
Charles E. Noell Director
</TABLE>
*Messrs. Wilmerding and Baker are "interested
persons" of the Fund within the meaning of the
Investment Company Act of 1940.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
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