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FRANK RUSSELL INVESTMENT COMPANY
SUPPLEMENT DATED JANUARY 29, 1996
TO STATEMENT OF ADDITIONAL INFORMATION
(DATED APRIL 1, 1995 AS REVISED
APRIL 28, AUGUST 11, AND NOVEMBER 9, 1995)
Frank Russell Investment Company makes the following change to its Statement of
Additional Information.
Under the Section "Trustees and Officers," the following biography of George W.
Weber will replace the biography of Mark E. Swanson.
George W. Weber -- Fund Treasurer and Chief Accounting Officer -- 3/93 to 1/96
Vice President, Operations, Funds Management, J.P. Morgan; 12/85 to 3/93 Senior
Vice President, Operations, Frank Russell Investment Company, Laurel Funds and
Seven Seas Series Fund; Director of Operations, Frank Russell Investment
Management Company and Frank Russell Trust Company; Director and Director of
Operations, Russell Fund Distributors, Inc.
