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SALOMON BROTHERS OPPORTUNITY FUND INC
7 WORLD TRADE CENTER
NEW YORK, NEW YORK 10048
(800) SALOMON
(800) 725-6666
SUPPLEMENT DATED OCTOBER 13, 1997
TO PROSPECTUS DATED DECEMBER 30, 1996
The following information supplements and should be read in conjunction with the
section of the current Prospectus for Salomon Brothers Opportunity Fund Inc (the
'Fund') entitled 'Management:'
'On September 24, 1997, Travelers Group ('Travelers') and Salomon Inc
('Salomon'), the ultimate parent company of Salomon Brothers Asset
Management Inc ('SBAM'), announced their agreement to merge Salomon with
and into Smith Barney Holdings Inc., a subsidiary of Travelers, to form a
new company expected to be called Salomon Smith Barney Holdings Inc. (the
'Transaction'). Travelers is a diversified financial services company
engaged in investment services, asset management, consumer finance and
life and property casualty insurance services.
The Transaction is expected to be completed by the end of November 1997,
subject to a number of conditions, including the receipt of U.S. and
foreign regulatory approvals and the approval of Salomon stockholders. Upon
consummation of the Transaction, Travelers will become the ultimate parent
of SBAM, which will continue to serve as the investment adviser to the
Fund.'
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SALOMON BROTHERS OPPORTUNITY FUND INC
7 WORLD TRADE CENTER
NEW YORK, NEW YORK 10048
(800) SALOMON
(800) 725-6666
SUPPLEMENT DATED OCTOBER 13, 1997
TO STATEMENT OF ADDITIONAL DATED DECEMBER 30, 1996
The following information supplements and should be read in conjunction with the
section of the current Statement of Additional Information for Salomon Brothers
Opportunity Fund Inc (the 'Fund') entitled 'Management:'
'On September 24, 1997, Travelers Group ('Travelers') and Salomon Inc
('Salomon'), the ultimate parent company of Salomon Brothers Asset
Management Inc ('SBAM'), announced their agreement to merge Salomon with
and into Smith Barney Holdings Inc., a subsidiary of Travelers, to form a
new company expected to be called Salomon Smith Barney Holdings Inc. (the
'Transaction'). Travelers is a diversified financial services company
engaged in investment services, asset management, consumer finance and
life and property casualty insurance services.
The Transaction is expected to be completed by the end of November 1997,
subject to a number of conditions, including the receipt of U.S. and
foreign regulatory approvals and the approval of Salomon stockholders. Upon
consummation of the Transaction, Travelers will become the ultimate parent
of SBAM, which will continue to serve as the investment adviser to the
Fund.'
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