MAY 20, 1996
THE ENTERPRISE GROUP OF FUNDS, INC.
SUPPLEMENT PROSPECTUS DATED MAY 1, 1996
The following information supplements and supersedes any
contrary information in the section of the Prospectus
entitled "Management of the Fund".
Subject to shareholder approval, GAMCO Investors, Inc.
("GAMCO") will serve as Portfolio Manager of the Small
Company Portfolio. Its offices are located at One Corporate
Center, Rye, New York 10580. GAMCO is a majority-owned
subsidiary of Gabelli Funds, Inc. GAMCO's predecessor,
Gabelli & Company, Inc., was founded in 1977 by Mario J.
Gabelli who has served as its chief investment officer since
inception. He will be responsible for the day-to-day
management of the Portfolio and has more than 25 years of
experience in the investment industry. Representative
clients include: AT&T; Halliburton Co. and ITT Corp. As of
March 31, 1996, total assets under management for all
clients were $5.1 billion. Usual investment minimum is $1
million.
May 20, 1996
Office of Records
Securities and Exchange Commission
450 Fifth St.
Washington, D.C. 20549
Re: The Enterprise Group of Funds, Inc.
Registration No. 2-28097
Rule 497 Filing
Dear Sir or Madam:
The following amendment to the prospectus dated May 1, 1996
is filed pursuant to Rule 497(e) by supplement or sticker to
the above-referenced Fund. No changes were necessary to the
cross-reference sheet.
Thank you for your assistance.
Sincerely,
Catherine R. McClellan
Senior Vice President and Secretary
