November 21, 1996
STRATEGIC INCOME FUND
A CLASS/B CLASS/C CLASS
Supplement to Prospectuses Dated September 30, 1996
(as revised October 4, 1996)
The following replaces the information that appears in the
second paragraph on page 1 of the Prospectus:
This Fund may invest up to 60% of its assets in
high-yielding, lower-rated or unrated fixed-income
securities issued by U.S. companies, commonly known as
"junk bonds." In addition, the Fund may invest a
portion of its assets in fixed- income securities of
issuers in foreign countries and denominated in foreign
currencies and in U.S. equity securities, which may be
unrated or rated below investment grade. Junk bonds
and lower rated securities involve greater risks,
including default risks, than higher rated securities.
Purchasers should carefully assess these risks before
investing in this Fund. See Investment Objective and
Policies, Special Risk Considerations, and Appendix B -
- Ratings.
The following replaces paragraph number 1. under the heading
Risk Factors on page 2 of the Prospectus:
1. The Fund may invest up to 60% of its assets in
high-yield, higher risk fixed-income securities issued
by U.S. companies ("junk bonds"). In addition, a
portion of the Fund's foreign fixed-income securities
and U.S. equity securities may be rated below
investment grade. Such securities may increase the
risks of an investment in this Fund. See High-Yield
Securities under Special Risk Considerations.
The following supplements the information that appears in
the Prospectus under the heading Dividends and Distributions:
Effective as of November 23, 1996, the Fund
expects to declare a dividend each day and to pay such
dividends once each month.
Purchases of shares by wire begin earning
dividends when converted into Federal Funds and
available for investment, normally the next business
day after receipt. However, if the Fund is given prior
notice of Federal Funds wire and an acceptable
guarantee of timely receipt from an investor meeting
the Fund's credit policies, the purchase will start
earning dividends on the day the wire is received.
Purchases by check earn dividends upon conversion to
Federal Funds, normally one business day after receipt.
Dividends will be declared for each day to all
shareholders of record as of the time the offering
price of shares is determined. See Purchase Price and
Effective Date under How to Buy Shares. Thus, when
redeeming shares, dividends continue to be credited up
to and including the date of redemption.
The following amends the information in paragraph number 5.
under the heading Buying Class A Shares at Net Asset Value on
page 19 of the Prospectus:
Effective November 1, 1996, the "NAV/Delaware
Group Asset Planner Accommodation Program" will be
discontinued. This program permitted certain investors
who were already shareholders in any Delaware Group
fund or those who were transferring assets into a
Delaware Group individual retirement account ("IRA")
from another IRA outside the Delaware Group or from a
qualified plan distribution to invest in Delaware Group
funds at net asset value when using the Asset Planner
service. All share purchases through Delaware Group
Asset Planner will now be subject to applicable sales
charges. Delaware Group Asset Planner is an asset
allocation service that gives investors, working with a
financial professional, the ability to more easily
design and maintain investments in a diversified
selection of Delaware Group mutual funds. See The
Delaware Difference and How to Buy Shares in the
Prospectus.
The following amends the information in paragraph number 3.
under the heading Delaware Group Asset Planner on page 25 of the
Prospectus:
Effective November 1, 1996, the annual $35 Asset
Planner fee will be waived until further notice.
Investors who utilize the Asset Planner for an IRA will
continue to pay the annual IRA fee of $15 per Social
Security number.
November 21, 1996
STRATEGIC INCOME FUND
INSTITUTIONAL CLASS
Supplement to Prospectuses Dated September 30, 1996
The following replaces the information that appears in the
second paragraph on page 1 of each Prospectus:
This Fund may invest up to 60% of its assets in
high-yielding, lower-rated or unrated fixed-income
securities issued by U.S. companies, commonly known as
"junk bonds." In addition, the Fund may invest a
portion of its assets in fixed- income securities of
issuers in foreign countries and denominated in foreign
currencies and in U.S. equity securities, which may be
unrated or rated below investment grade. Junk bonds
and lower rated securities involve greater risks,
including default risks, than higher rated securities.
Purchasers should carefully assess these risks before
investing in this Fund. See Investment Objective and
Policies, Special Risk Considerations, and Appendix B -
- Ratings.
The following replaces paragraph number 1. under the heading
Risk Factors on page 2 of each Prospectus:
1. The Fund may invest up to 60% of its assets in
high-yield, higher risk fixed-income securities issued
by U.S. companies ("junk bonds"). In addition, a
portion of the Fund's foreign fixed-income securities
and U.S. equity securities may be rated below
investment grade. Such securities may increase the
risks of an investment in this Fund. See High-Yield
Securities under Special Risk Considerations.
The following supplements the information that appears in
each Prospectus under the heading Dividends and Distributions:
Effective as of November 23, 1996, the Fund
expects to declare a dividend each day and to pay such
dividends once each month.
Purchases of shares by wire begin earning
dividends when converted into Federal Funds and
available for investment, normally the next business
day after receipt. However, if the Fund is given prior
notice of Federal Funds wire and an acceptable
guarantee of timely receipt from an investor meeting
the Fund's credit policies, the purchase will start
earning dividends on the day the wire is received.
Purchases by check earn dividends upon conversion to
Federal Funds, normally one business day after receipt.
Dividends will be declared for each day to all
shareholders of record as of the time the offering
price of shares is determined. See Purchase Price and
Effective Date under How to Buy Shares. Thus, when
redeeming shares, dividends continue to be credited up
to and including the date of redemption.
One Commerce Square
Philadelphia, PA 19103
Delaware Group of Funds
DELAWARE
GROUP
________
1933 Act Rule 497(e)
1933 Act File No. 2-37707
1940 Act File No. 811-2071
November 21, 1996
Filed via EDGAR (CIK #0000027825)
_________________________________
Securities and Exchange Commission
Document Control
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: File No. 2-37707
DELAWARE GROUP INCOME FUNDS, INC. -
STRATEGIC INCOME FUND
Dear Commission:
In accordance with the provisions of Rule 497(e), submitted
electronically via the EDGAR system, please find a Supplement
dated November 21, 1996 to be attached to the Prospectus for
Delaware Group Income Funds, Inc. - Strategic Income Fund A
Class, B Class and C Class dated September 30, 1996 (as revised
October 4, 1996 and the Prospectus for Delaware Group Income
Funds, Inc. - Strategic Income Fund Institutional Class dated
September 30, 1996.
Very truly yours,
/s/Richelle S. Maestro
_________________
Richelle S. Maestro
Vice President/
Assistant Secretary
