USAA USAA TAX EXEMPT FUND, INC.
EAGLE New York Money Market Fund
LOGO
SUPPLEMENT DATED APRIL 16, 1999
TO THE PROSPECTUS
DATED AUGUST 1, 1998
Page 17 of the Prospectus under the heading "Portfolio Managers" is amended to
reflect the following change effective April 12, 1999.
Portfolio Managers
THOMAS G. RAMOS, Vice President of Money Market Funds, assumed portfolio
management responsibilities of the New York Money Market Fund replacing John C.
Bonnell.
Mr. Ramos has 20 years investment management experience and has worked for us
for 16 years. He earned the Chartered Financial Analyst designation in 1983 and
is a member of the Association for Investment Management and Research, the San
Antonio Financial Analysts Society, Inc., and the National Federation of
Municipal Analysts. He holds an MBA from the University of California, an MA
from St. Mary's University, and a BA from Yale University.
40175-0499
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USAA USAA TAX EXEMPT FUND, INC.
EAGLE California Money Market Fund
LOGO Virginia Money Market Fund
SUPPLEMENT DATED APRIL 16, 1999
TO EACH FUND'S PROSPECTUS
DATED AUGUST 1, 1998
Page 17 of each Fund's Prospectus under the heading "Portfolio Managers" is
amended to reflect the following change effective April 12, 1999.
Portfolio Managers
REGINA G. SHAFER, Assistant Vice President of Money Market Funds, assumed
portolio management responsibilities of the California Money Market Fund and
the Virginia Money Market Fund replacing John C. Bonnell.
Ms. Shafer has four years investment management experience and has worked for
us for eight years. She is a Certified Public Accountant and earned the
Chartered Financial Analyst designation in 1998. She is a member of the
Association for Investment Management and Research and the San Antonio
Financial Analysts Society, Inc. She holds an MBA from the University of Texas
at San Antonio and a BBA from Southwest Texas State University.
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