INVESTORS RESEARCH FUND, INC.
AMENDMENTS DATED APRIL 1, 1997
TO THE INVESTORS RESEARCH FUND, INC. PROSPECTUS DATED
JANUARY 30, 1997
1. Reductions in the Sales Charges for New Investments.
Effective March 25, 1997, the sales charges on new purchases of
Fund shares have been reduced to the following:
Sales
Sales Charge as
Charge as Percentage
Percentage of the
of the Net Offering
Amount Price
Received (The Amount
Amount of by the the Buyer
Purchase Fund Invests)
Less than $25,000 .......... 3.90% ............. 3.75%
$25,000 to $50,000 ......... 3.09% ............. 3.00%
$50,000 to $100,000 ........ 2.56% ............. 2.50%
$100,000 to $250,000 ....... 2.04% ............. 2.00%
$250,000 to $500,000 ....... 1.52% ............. 1.50%
$500,000 to $1,000,000 ..... 1.01% ............. 1.00%
$1,000,000 and more ........ 0.00% ............. 0.00%
2. Waiver of Sales Charges for Persons Investing Through Financial Planners and
Similarly Situated Advisers Charging Fees, And For Sales to Registered
Investment Companies and Insurance Company Separate Accounts. There is a
Redemption Charge For Early Redemption of Such Shares.
The Fund will sell its shares at net asset value to persons who are investing
through financial institution trust departments, fee based financial advisers,
or "wrap accounts" established for the benefit of clients of broker-dealers who
have sales agreements or similar arrangements with the Fund's principal
underwriter with respect to sales of Fund shares. Shares will also be sold at
net asset value to registered management investment companies or separate
accounts of insurance companies.
No commissions will be paid to dealers in connection with the sales of shares at
net asset value under this program.
In connection with such shares, the Fund may impose a redemption fee of 1% on
any such shares redeemed within one year of the original purchase. However, no
such fee will be imposed on shares acquired by reinvestment of distributions or
on shares which would have originally been exempt from a sales charge under
other purchase privileges. In determining whether a redemption fee is payable,
the Fund will first redeem shares acquired by reinvestment of distributions,
secondly, shares held for over 12 months, and, thirdly, shares held the longest
during the 12-month period.
3. Merrimac Advisors Company has Become Sub-Adviser to Lakeview Securities
Corporation.
On March 25, 1997, the shareholders of the Fund approved the agreement under
which Merrimac Advisors Company became a sub-adviser to Lakeview Securities
Corporation. Merrimac Advisors Company is a New Mexico corporation organized by
Fredric J. French on October 23, 1996. Mr. French is no longer employed by
Lakeview Securities, but will continue as one of the portfolio managers for the
Fund pursuant to the sub-advisory agreement. There is no increase in advisory
compensation to the Fund and the Fund has been informed that there will be no
change in the portfolio management activities. A copy of the sub-advisory
agreement and the related proxy statement can be obtained by calling the Fund's
headquarters: 1-800-473-8631.
4. The Officers of the Fund.
The current officers of the Fund are:
President: Hugh J. Haferkamp
Vice President: Mark L. Sills
Secretary-Treasurer: Michael A. Marshall
5. The Executive Committee of the Fund.
As of March 25, 1997, the following persons comprise the Executive Committee of
the Fund: Mark L. Sills, Chairman; Gertrude B. Calden; Leonard S. Jarrott;
Michael A. Marshall; and William J. Nasif. Hugh J. Haferkamp, as President of
the Fund, is ex officio a member of the committee.
