THE ALGER FUND
SUPPLEMENT DATED AUGUST 21, 1996 TO THE PROSPECTUS DATED FEBRUARY 27, 1996
AS SUPPLEMENTED JULY 10, 1996
The following supplements, and should be read in conjunction with, the
disclosure found in the Prospectus for the above mutual fund (the "Fund"):
The Table of Portfolio Expenses on page ii of the Fund's Prospectus is
supplemented as follows:
The Investment Manager has discontinued its voluntary waiver of its
management fees with respect to the Alger Money Market Portfolio. Accordingly,
effective on the date of this Supplement, the items entitled "Management Fees"
and "Total Fund Expenses" for that Portfolio are amended to read .50% and .79%,
respectively.
