COMPOSITE U.S. GOVERNMENT SECURITIES, INC.
COMPOSITE INCOME FUND
COMPOSITE TAX-EXEMPT BOND FUND
REVISION DATED JUNE 18, 1997, TO THE STATEMENT OF ADDITIONAL INFORMATION DATED
APRIL 30, 1997
The following paragraph is added in the section titled "General Information":
Portfolio Manager Commentary
In communications with the public, portfolio managers may discuss the economic
outlook for each Fund, which might include a discussion of specific securities
in which the Fund may invest, and/or specific characteristics of each investment
portfolio.
