January 23, 1996
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
RE: SIT Growth Fund, Inc. File Nos. 2-75151 and 811-03342
SIT Growth & Income Fund, Inc. File Nos. 2-75152 and 811-03343
SIT Mutual Funds, Inc. File Nos. 33-42101-and 811-6373
Series A: SIT International Growth Fund
Series B: SIT Balanced Fund
Series C: SIT Developing Markets Growth Fund
Series D: SIT Small Cap Growth Fund
SIT U.S. Government Securities Fund, Inc. File Nos. 33-11549 and 811-04995
SIT Mutual Funds II, Inc. File Nos. 2-91312 and 811-04033
Series A: SIT Tax-Free Income Fund
Series B: SIT Minnesota Tax-Free Income Fund
Series C: SIT Bond Fund
SIT Money Market Fund, Inc. File Nos. 2-91313 and 811-04032
Ladies and Gentlemen:
Pursuant to Rule 497(d) on behalf of the above-referenced SIT Mutual Funds
(each, a "Registrant" and, collectively, the "Registrants), in connection
with the registration of each Registrant under the Investment Company Act
of 1940 (the "1940 Act") and the registration of each Registrant's shares
of common stocks under the Securities Act of 1933 (the "1933 Act"),
I herewith enclose and file a prospectus supplement as follows:
Sincerely,
Parnell M. Kingsley
Assistant Secretary
SIT MUTUAL FUND GROUP
STOCK FUNDS BOND FUNDS
Developing Markets Growth Fund Bond Fund
Small Cap Growth Fund Minnesota Tax-Free Income Fund
International Growth Fund Tax-Free Income Fund
Growth Fund, Inc. U.S. Government Securities Fund, Inc.
Growth & Income Fund, Inc. Money Market Fund, Inc.
Balanced Fund
Supplement dated January 23, 1996 to the Stock Funds Prospectus dated
November 1, 1995 and
the Bond Funds Prospectus dated August 1, 1995
Effective January 2, 1996 the second paragraph under Custodian and Transfer
Agent on page 34 of the Stock Funds' Prospectus and page 32 of the Bond
Funds' Prospectus is amended and replaced in its entirety as follows:
Pursuant to the terms of a Transfer Agency Agreement with each Fund, First
Data Investor Services is the transfer agent and dividend disbursing agent
for each Fund. First Data Investor Services processes purchase orders,
redemption orders and all related shareholder services.
