THE ALGER FUND
SUPPLEMENT DATED MARCH 31, 1997 TO STATEMENT OF ADDITIONAL INFORMATION
DATED DECEMBER 31, 1996
The following supplements, and should be read in conjunction with, the
disclosure found in the Statement of Additional Information of the above mutual
fund (the "Fund"):
The first sentence of the paragraph entitled "conversion of Class B Shares"
on page 15 is amended to read as follows:
Record holders of "Qualified Class B Shares" (as defined
below) will be entitled to convert those shares to Class A
Shares, on the basis of the relative net asset values per
share of the two classes, at any time prior to May 31, 1997.
Item (g) of the second paragraph under the caption "Organization" on page
20 is amended to read as follows:
(g) record holders of certain Class B Shares will be
entitled to convert those shares to Class A Shares at any
time prior to May 31, 1997.
