The Japan Fund, Inc.
Supplement dated June 7, 1995 for
Prospectus dated May 1, 1995
The following text replaces the section entitled "By telephone order ($2,500
minimum)," page 16.
By telephone order ($2,500 minimum)
Existing shareholders may purchase shares at a certain day's price by calling
The Japan Fund Service Center before the close of the New York Stock Exchange
(the "Exchange") (normally 4 p.m. eastern time) on that day. Orders must be for
$2,500 or more and cannot be for an amount greater than four times the value of
your account at the time the order is placed. A confirmation with complete
purchase information is sent shortly after your order is received. You must
include with your payment the order number given at the time the order is
placed. If payment by check or federal reserve wire is not received within three
business days, the order is subject to cancelation and the shareholder will be
responsible for any loss to the Fund resulting from this cancelation. Telephone
orders are not available for shares held in Scudder IRA accounts and most other
Scudder Retirement Plans.
June 7, 1995 MIST369PS
<PAGE>
June 7, 1995
Dear Japan Fund Investor,
The prospectus supplement on the reverse side is formal notice of a change
in The Japan Fund's policy concerning the purchase of shares by telephone order.
Investors who purchase shares by telephone will now have three business days to
pay for a purchase, instead of the previous time limit of seven business days.
This new deadline is part of a new securities industry standard that
mandates settlement of all securities trades within three business days. The
Securities and Exchange Commission implemented this new deadline, called "T+3,"
to enhance the stability of U.S. financial markets by reducing the amount of
outstanding debt among financial firms due to transaction activity.
If you have questions about these changes, please call us at
1-800-53-JAPAN, between 8 a.m. and 8 p.m., eastern time, Monday through Friday.
We will be happy to help you.
Sincerely,
/s/Douglas M. Loudon
Douglas M. Loudon
President,
The Japan Fund, Inc.
This letter is for explanatory purposes and is not part of the prospectus
supplement on the reverse side.
(over, please)
<PAGE>
The Japan Fund, Inc.
Supplement to Statement of Additional Information dated May 1, 1995
The following text replaces the paragraph under "PURCHASES - Additional
Information About Making Subsequent Investments:"
Subsequent purchase orders for $2,500 or more and for an amount not
greater than four times the value of the shareholder's account may be placed by
telephone by established shareholders (except by Scudder Individual Retirement
Account (IRA), Scudder Horizon Plan, Scudder Profit Sharing or Money Purchase
Pension Plans, Scudder 401(k) and Scudder 403(b) Plan holders), members of the
NASD and banks. Orders placed in this manner may be directed to The Japan Fund
Service Center or to any Scudder Funds Center office. A confirmation of the
purchase will be mailed out promptly following receipt of a request to buy.
Federal regulations require that payment be received within three business days.
If payment is not received within that time, the order is subject to
cancelation. In the event of such cancelation or cancelation at the purchaser's
request, the purchaser will be responsible for any loss incurred by the Fund or
the principal underwriter by reason of such cancelation. If the purchaser is a
shareholder, the Corporation shall have the authority, as agent of the
shareholder, to redeem shares in the account to reimburse the Fund or the
principal underwriter for the loss incurred. Net losses on such transactions
which are not recovered from the purchaser will be absorbed by the principal
underwriter. Any net profit on the liquidation of unpaid shares will accrue to
the Fund.
June 7, 1995
