ALGER FUND, 497, 1999-09-20

ALGER FUND
497, 1999-09-20

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                                 THE ALGER FUND

Supplement dated September 20, 1999 to the Statement of Additional Information
dated March 1, 1999, as supplemented July 21, 1999

Item (7) on Page 17 of the Statement of Additional Information under the heading
"Waivers of Sales Charges" is hereby amended to read as follows:

     (7) on behalf of their clients by registered  investment  advisers,  banks,
     trust companies and other financial institutions,  including broker-dealers
     with which  either  the Fund or Alger  Inc.  has  entered  into  agreements
     contemplating the waiver of such charges;