August 31, 1995
VIA EDGAR TRANSMISSION
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The Rushmore Fund, Inc.
File Nos. 2-99388 and 811-4369
Dear Sir or Madam:
Pursuant to Rule 497(e) under the Securities Act of 1933, as
amended, enclosed for filing on behalf of The Rushmore Fund, Inc.
(the "Fund") please find a copy of the Prospectus Supplement,
dated August 31, 1995, which Prospectus Supplement will be affixed
to the cover page of the Prospectus for The Rushmore U.S.
Government Intermediate-Term Securities Portfolio and U.S.
Government Long-Term Securities Portfolio, each a series of the
Fund (the "Portfolios"), that are distributed to shareholders of,
or potential investors in, the Portfolios.
If you should have any questions regarding the foregoing,
please contact the undersigned at (310) 657-0003.
Very truly yours,
Linda R. Paisley
Enclosure:
As Stated
cc: James Bernstein, Esq.
U.S. GOVERNMENT SECURITIES
INTERMEDIATE-TERM PORTFOLIO
LONG-TERM PORTFOLIO
Supplement dated August 31, 1995 to Prospectus dated December 21,
1994
The time after which (i) purchases by wire transfer, (ii)
telephone redemptions, and (iii) telephone exchanges cannot be
accepted is hereby changed from "2:45 P.M. Eastern time" to "4:00
P.M. Eastern time," as set forth (i) at page 9 under "How to
Invest in the Fund," (ii) at page 9 under "How to Redeem An
Investment (Withdrawals)," and (iii) at page 10 under "Exchanges,"
respectively.
