AMERICAN GROWTH FUND INC
497, 1996-05-31
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      American Growth Fund, Inc. Supplement dated May 29, 1996 to
Prospectus. 

      The following is an addition to page 7, paragraph 2 of the
American
Growth Fund Prospectus dated March 1, 1996.



      All purchases made by check should be in U.S. dollars and
made payable to the American
Growth Fund, or in the case of a retirement account, the custodian
or trustee. Third party checks
will not be accepted.


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