COMPOSITE U.S. GOVERNMENT SECURITIES, INC.
COMPOSITE INCOME FUND
COMPOSITE TAX-EXEMPT BOND FUND
REVISION DATED NOVEMBER 1, 1997 TO THE STATEMENT OF ADDITIONAL INFORMATION DATED
APRIL 30, 1997
The following provision, in the section titled "How Shares Can be Purchased," is
modified to read:
Effective November 1, 1997, qualified employee benefit plans (including SEPs and
SIMPLEs) which have more than 100 participants or which have more than $500,000
invested in those Composite funds offered with an ititial or contingent deferred
sales charge are also entitled to buy Class A shares without an initial sales
charge. Such plans which where eligible for this privilege prior to November 1,
1997, when the requirement was 10 participants or more than $25,000 invested,
continue to be entitled to purchase Class A shares with no initial sales charge.
