THE ALGER FUND
SUPPLEMENT DATED APRIL 28, 2000 TO THE STATEMENT OF ADDITIONAL INFORMATION DATED
FEBRUARY 25, 2000
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 third sentence of the first paragraph of the section "Trustees and
Officers of the Fund" is hereby amended, and a new sentence is added to read as
follows:
"Each of the officers of the Fund is also an officer of Castle
Convertible Fund, Inc., a registered closed-end investment company, and of The
Alger American Fund, The Alger Retirement Fund and Spectra Fund, registered
open-end management investment companies, for all of which Alger Management
serves as investment adviser. Each of the Trustees of the Fund is also a
director or trustee, as the case may be, of certain of these funds as indicated
in the Trustees' biographies."
The section "Trustees and Officers of the Fund" is hereby amended to read
as follows:
NAME, AGE, POSITION WITH
THE FUND AND ADDRESS PRINCIPAL OCCUPATIONS
Fred M. Alger III (65) Chairman of the Boards of Alger
Chairman of the Board Associates, Inc. ("Associates"), Alger
Inc., Alger Management, Alger
Properties, Inc. ("Properties"), Alger
Shareholder Services, Inc. ("Services"),
Alger Life Insurance Agency, Inc.
("Agency"), The Alger American Fund
("American"), The Alger Retirement Fund
("Retirement"), Castle Convertible Fund,
Inc. ("Castle"), Spectra Fund
("Spectra"), Fred Alger International
Advisory S.A. ("International"), The
Alger American Asset Growth Fund ("Asset
Growth") and Analysts Resources, Inc.
("ARI").
David D. Alger (56) President and Director of Associates,
President and Trustee Alger Management, Alger Inc.,
Properties, Services, Agency,
International, ARI and Castle; President
and Trustee of American, Retirement,
Spectra; Director of Asset Growth.
Gregory S. Duch (49) Executive Vice President, Treasurer and
Treasurer Director of Alger Management, Properties
and Associates; Executive Vice President
and Treasurer of Alger, Inc., ARI,
Services and Agency; Treasurer and
Director of International; Treasurer of
American, Retirement, Castle and
Spectra.
<PAGE>
Mary E. Marsden-Cochran (47) Vice President, General Counsel and
Secretary Secretary, Associates, Alger Management,
Alger Inc., Properties, ARI, Services
and Agency; Secretary of American,
Retirement, Castle and Spectra
(2/96-present); Secretary of
International (7/97-present); formerly
Associate General Counsel and Vice
President, Smith Barney, Inc.
Frederick A. Blum (46) Senior Vice President, Alger Inc.;
Assistant Secretary and Assistant Treasurer and Assistant
Assistant Treasurer Secretary of American, Retirement,
Castle and Spectra.
Charles F. Baird, Jr. (46) Managing Partner of North Castle
Trustee Partners, a private equity securities
60 Arch Street group, since 1997; Trustee of Retirement
Greenwich, CT 06830 and Spectra. Formerly Managing Director
of AEA Investors, Inc.
Roger P. Cheever (54) Associate Dean of Development, Harvard
Trustee University, since 1997. Trustee of
124 Mount Auburn Street Retirement and Spectra. Formerly Deputy
Cambridge, MA 02138-5762 Director of the Harvard University Fund.
Lester L. Colbert, Jr. (66) Private investor since 1988; Director of
Trustee Castle; Trustee of Retirement
551 Fifth Avenue and Spectra. Formerly Chairman of the
Suite 3800 Board and Chief Executive Officer of
New York, NY 10176 Xidex Corporation.
Stephen E. O'Neil (67) Attorney; Private investor since 1981;
Trustee Director of NovaCare, Inc., Brown-Forman
460 Park Avenue Corporation and Castle; Trustee of
New York, NY 10022 American, Retirement and Spectra.
Formerly President and Vice Chairman of
City Investing Company and Director of
Centerre Bancorporation and Syntro
Corporation.
Nathan E. Saint-Amand, M.D. (62) Medical doctor in private practice;
Trustee Director of Castle; Trustee of American,
2 East 88th Street Retirement and Spectra.
New York, NY 10128
B.Joseph White (53) Dean, University of Michigan Business
Trustee School; President, William Davidson
701 Tappen Street Institute at the University of Michigan
Ann Arbor, MI 48109 Business School; professor of Business
Administration, University of Michigan
Business School; Director, Gordon Food
Service and Castle; Trustee and Chair,
Audit Committee, Equity Residential
Properties Trust; Director and Chair,
Compensation Committee, Kelly Services,
Inc.; Trustee of American, Retirement
and Spectra.
