Please file this Prospectus Supplement with your records.
STRONG ASSET ALLOCATION FUND
STRONG EQUITY INCOME FUND
STRONG AMERICAN UTILITIES FUND
STRONG TOTAL RETURN FUND
STRONG GROWTH AND INCOME FUND
Supplement to Prospectus dated March 1, 1997
STRONG ASSET ALLOCATION FUND
Mr. Rimas M. Milaitis has replaced Mr. Andrew C. Stephens as co-
manager of the equity portion of the Strong Asset Allocation
Fund. Mr. Milaitis joined Strong Capital Management, Inc. in
December of 1995. For the previous four years, he managed
several conservative equity portfolios at Aon Advisers, Inc.
("AAI") in Chicago, Illinois. For two years prior to that, he
served as an equity trader for AAI. Prior to working at AAI, Mr.
Milaitis served as an equity portfolio assistant for three years
to the Illinois State Board of Investment. He attended DePaul
University, where he was awarded his M.B.A. in 1991 and Illinois
State University where he received his B.S. degree in Economics
in 1984.
The date of this Prospectus Supplement is April 4, 1997.
