BULL
&
BEAR
PERFORMANCE DRIVEN(R)
PROSPECTUS SUPPLEMENT
DATED SEPTEMBER 10, 1998
BULL & BEAR
GOLD INVESTORS LTD.
Prospectus dated September 2, 1998
On September 9, 1998, the Board of Directors approved a proposal to convert the
Fund from open end to closed end status. As a closed end fund, it is expected
that the Fund's shares would be listed on the American Stock Exchange or traded
on Nasdaq and they would no longer be redeemable at net asset value. Proxy
materials providing detailed information concerning the proposal will be mailed
to shareholders of record and available to investors in October 1998.
GI-SUP-9/98
