INVESTORS RESEARCH FUND, INC.
Supplement to the Prospectus
Dated March 1, 1999
Supplement dated December 7, 1999
EFFECTIVE DECEMBER 7, 1999, THE FOLLOWING SUPPLEMENTS THE SECTION "DISTRIBUTOR
AND PRINCIPAL UNDERWRITER" ON PAGE 12 OF THE Prospectus:
DISTRIBUTOR AND PRINCIPAL UNDERWRITER
First Fund Distributors, Inc., 4455 E. Camelback Road, Suite 261-E, Phoenix, AZ
85018, will replace ND Capital, Inc. as the Fund's Distributor.
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INVESTORS RESEARCH FUND, INC.
Supplement to the Statement of Additional Information
Dated March 1, 1999
Supplement dated December 7, 1999
EFFECTIVE DECEMBER 7, 1999, THE FOLLOWING SUPPLEMENTS THE SECTION "INVESTMENT
ADVISORY AND OTHER SERVICES" ON PAGE 36 AND "DISTRIBUTION OF FUND SHARES" ON
PAGE 39 OF THE STATEMENT OF ADDITIONAL INFORMATION:
DISTRIBUTOR. First Fund Distributors, Inc. 4455 E. Camelback Road, Suite 261-E,
Phoenix, AZ 85018 is replacing ND Capital, Inc. as the Fund's Distributor. The
Distributor is an affiliate of Investment Company Administration, L.L.C., the
Fund's Administrator.
ADMINISTRATOR. On December 7, 1999, the Fund entered into an Administration
Agreement (the "Agreement") with Investment Company Administration, L.L.C., 2020
E. Financial Way, Suite 100, Glendora, CA 91741 (the "Administrator"). Pursuant
to the terms of this Agreement, the Administrator supervises the overall
supervision of the Fund, including, among other responsibilities, the
preparation and filing of all documents required for compliance by the Fund with
applicable laws and regulations, arranging for the maintenance of books and
records of the Fund, and supervision of other organizations that provide
services to the Fund. The Fund will pay the Administrator an annual rate of
0.10% on the first $200 million of the Fund's average daily net assets, and
0.05% on the next $300 million of the Fund's average daily net assets and 0.03%
on average daily net assets above $500 million, subject to an annual minimum of
$40,000.
