STRONG ASSET ALLOCATION FUND INC
497, 1999-03-30
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           PLEASE FILE THIS PROSPECTUS SUPPLEMENT WITH YOUR RECORDS.            


                         STRONG AMERICAN UTILITIES FUND                         
                          STRONG ASSET ALLOCATION FUND                          
                           STRONG BLUE CHIP 100 FUND                            
                           STRONG EQUITY INCOME FUND                            
                         STRONG GROWTH AND INCOME FUND                          
                         STRONG LIMITED RESOURCES FUND                          
                            STRONG TOTAL RETURN FUND                            

                  Supplement to Prospectus dated March 1, 1999                  


The following information updates the comparison table found on page 14 of the  
Prospectus under the heading "Other Important Information You Should Know -     
Comparing the Funds."                                                           

                    EQUITY   BOND    FOREIGN                       
FUND                RANGE    RANGE   SECURITIES    FOCUS      
                                                                                

American Utilities  65-100%  0-35%   Up to 25%     Utility and Energy Stocks  


           The date of this Prospectus Supplement is March 30, 1999.            

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