AMERICAN GROWTH FUND, INC.
SUPPLEMENT DATED DECEMBER 20, 2000
TO
STATEMENT OF ADDITIONAL INFORMATION DATED November 29, 2000
Under the heading, Distribution of Shares at the end of that
section, on page B-7, the following paragraphs should be
inserted.
Net Asset Value Purchases of Class A Shares. Class A shares of
the Fund may be purchased at net asset value through certain
organizations (which may be broker-dealers, banks or other
financial organizations)("Processing Organizations") which have
agreed with the Distributor to purchase and hold shares for their
customers. A Processing Organization may require persons
purchasing through it to meet the minimum initial or subsequent
investments, which may be higher or lower than the Fund's minimum
investments, and may impose other restrictions, charges and fees
in addition to or different from those applicable to other
purchasers of shares of the Fund. Investors contemplating a
purchase of Fund shares through a Processing Organization should
consult the materials provided by the Processing Organization
for further information concerning purchases, redemptions and
transfers of Fund shares as well as applicable fees and expenses
and other procedures and restrictions. Certain Processing
Organizations may receive compensation from the Adviser and the
Distributor.
Class A shares of the Fund may also be purchased at net asset
value by an investment adviser registered with the Securities
and Exchange Commission or appropriate state authorities who
clears such Fund transactions through a broker-dealer, bank or
trust company (each of which may impose transaction fees with
respect to such transactions) and who either purchases shares
for its own account or for accounts for which the investment
adviser is authorized to make investment decisions. Such
investment advisers may impose charges and fees on their clients
for their services, which charges and fees may vary from
investment adviser to investment adviser.
Class A shares may be offered at net asset value in connection
with the acquisition of assets of other investment companies.
Class A shares also are offered at net asset value, without
sales charge, to an investor who has a business relationship
with a American Growth Fund Distribution Plan, if certain
conditions set forth in the Statement of Additional Information
are met.
The Fund also sells its Class A shares at net asset value in
connection with a qualified rollover of assets held in a
previously existing tax-exempt retirement plan (including an
IRA, 401(k) plan or 403(b) plan) through broker-dealers who
have entered into an agreement with the Underwriter relating to
such rollovers.
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