USAA TAX EXEMPT FUND INC
497, 2000-02-18
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USAA                       USAA TAX EXEMPT FUND, INC.
EAGLE                     TAX EXEMPT MONEY MARKET FUND
LOGO
                       SUPPLEMENT DATED FEBRUARY 15, 2000
                               TO THE PROSPECTUS
                              DATED AUGUST 1, 1999

Effective February 15, 2000,  Anthony M. Era, Jr. replaced Mark C. Clayton,  as
the Portfolio Manager of the Tax Exempt Money Market Fund.

ANTHONY  M. ERA,  JR. has 13 years  investment  management  experience  and has
worked for us for 12 years.  He is a member of the  Association  for Investment
Management and Research, the San Antonio Society of Financial Analysts, and the
Bank and  Financial  Analysts  Society  of New  York.  He holds an MBA from the
University of Texas,  San Antonio and a BA from  Creighton  University,  Omaha,
Nebraska.

               PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

                                                                     35719-0200
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