THE MATTERHORN GROWTH FUND, INC.
SUPPLEMENT TO THE PROSPECTUS
AND THE STATEMENT OF ADDITIONAL INFORMATION
DATED NOVEMBER 1, 1997
SUPPLEMENT DATED JANUARY 1, 1998
CO-DISTRIBUTORS
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Bainbridge & Co. has changed its name to Bainbridge Securities Inc.
REDEMPTIONS
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The Fund will satisfy all redemption requests in cash to the fullest
extent feasible, so long as such payments would not, in the opinion of the Board
of Directors, require the Fund to sell assets under disadvantageous conditions
or to the detriment of the remaining shareholders of the Fund. The Fund will
redeem shares solely in cash up to the lesser of $250,000 or 1% of its net
assets during any 90-day period for any one shareholder. The Fund reserves the
right to pay any redemption price exceeding this amount in whole or in part by a
distribution in kind of securities held by the Fund in lieu of cash. It is
highly unlikely that shares would ever be redeemed in kind. If shares are
redeemed in kind, however, the redeeming shareholder would incur transaction
costs upon the disposition of the securities received in the distribution.
