THE ALGER FUND
SUPPLEMENT DATED AUGUST 22, 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 pages ii-iii 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.
Based upon this change, the expense example for the Alger Money Market
Portfolio is as follows:
EXAMPLE
You would pay the following expenses
on a $1,000 investment, assuming
(1) 5% annual return and
(2) redemption at the end of
each time period:
One Year ............................ $ 8
Three Years ......................... 25
Five Years .......................... 44
Ten Years ........................... 98
You would pay the following expenses
on the same investment, assuming
no redemption:
One Year ............................ $ 8
Three Years ......................... 25
Five Years .......................... 44
Ten Years ........................... 98
