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SUPPLEMENT TO CURRENT PROSPECTUS
OF
KEYSTONE AMERICA HARTWELL EMERGING GROWTH FUND, INC.
The section of the Fund's prospectus entitled "Fund Management and
Expenses; Portfolio Manager" is hereby supplemented to reflect the following (to
be inserted in place of the text thereunder):
"Effective April 1, 1996, Adrian S. Dawes will serve as the Fund's
Portfolio Manager. Mr. Dawes is a Hartwell Vice President and Portfolio
Manager and has 11 years' experience in growth stock investing."
March 21, 1996
