Supplement, dated September 5, 1996, to the prospectuses,dated April 22, 1996,of
Seligman Capital Fund, Inc.,
Seligman Cash Management Fund, Inc.,
Seligman Common Stock Fund, Inc.,
Seligman Communications and Information Fund, Inc.,
Seligman Growth Fund, Inc.,
Seligman High Income Fund Series
and
Seligman Income Fund, Inc. (each a "Fund")
The following amends the Sales Load Schedule set forth in each Fund's
prospectus with respect to Class A shares, which currently provides that
purchases of $4,000,000 or more are made at net asset value without the
imposition of a front-end sales load ("NAV sales"). The schedule also currently
provides that broker/dealers will receive a fee of .15% of NAV sales.
Effective immediately, the NAV sales purchase amount threshold is
reduced to $1,000,000. Shares acquired at net asset value pursuant to the
foregoing will be subject to a contingent deferred sales load ("CDSL") of 1.00%
if the shares are redeemed within 18 months. Broker/dealers will receive, in
lieu of the .15% fee noted above, a fee payable directly from Seligman Financial
Services, Inc., from its own resources, calculated as follows: 1.00% of NAV
sales up to but not including $2 million; .80% of NAV sales from $2 million up
to but not including $3 million; .50% of NAV sales from $3 million up to but not
including $5 million and .25% of NAV sales from $5 million and above. The
calculation of the fee will be based on assets held by a "single person" as
defined in each Fund's prospectus. The application of CDSLs is described in each
Fund's prospectus under "Purchase of Shares-Contingent Deferred Sales Load."
The above does not affect the Funds' policy with respect to the sales
of Class A shares to "eligible employee benefit plans" which is set forth in the
prospectus supplement dated July 30, 1996.
EQCSS1-8/96
