This supplement is required by the Division of Securities of the State of Ohio
United Accumulative Fund does not meet all the requirements of Ohio
Administrative Code 1301:6-3-09(E). United Accumulative Fund may invest more
than 15% of its assets in restricted securities, including those determined to
be liquid pursuant to guidelines established by or under the direction of the
Corporation's Board of Directors.
To be attached to the front cover of United Funds, Inc. Class Y prospectus dated
March 31, 1996.
This supplement is dated March 31, 1996.
NUS1138-Y(3-96)
