THE JAPAN FUND, INC.
Supplement to the Statement of Additional Information dated May 1, 1997
The following text replaces the table under "Remuneration" on page 50.
The following Compensation Table, provides in tabular form, the following data:
Column (1) All Directors who receive compensation from the Fund.
Column (2) Aggregate compensation received by a Director from all series of the
Fund.
Columns (3) and (4) Pension or retirement benefits accrued or proposed to be
paid by the Fund.
Column (5) Total compensation received by a Director from the Fund plus
compensation received from all funds managed by Scudder for which a Director
serves. The total number of funds from which a Director receives such
compensation is also provided in column (5).
<TABLE>
<CAPTION>
Compensation Table
for the year ended December 31, 1996
====================================================================================================================
(1) (2) (3) (4) (5)
Pension or Total Compensation
Retirement Estimated From The Japan
Name of Person, Aggregate Compensation Paid Benefits Accrued Annual Benefits Fund, Inc. and
Position from The Japan Fund, Inc.* As Part of Fund Upon Fund Complex to
Expenses Retirement Director**
====================================================================================================================
<S> <C> <C> <C> <C> <C>
William Givens $16,250 $4,183 $6,000 $20,433 (1 Fund)
William H. Gleysteen, Jr. $16,250 $4,888 $3,000 $135,224 (13 Funds)
Nobuo Ishizaka $16,250 $2,535 N/A $18,785 (1 Fund)
John F. Loughran $14,500 $4,313 $6,000 $18,813 (1 Fund)
Yoshihiko Miyauchi $5,456 $2,149+ $6,000 $5,456 (1 Fund)
William V. Rapp $16,250 $2,301 $6,000 $18,551 (1 Fund)
Henry Rosovsky $24,000 $2,568 $6,000 $26,568 (1 Fund)
Hiroshi Yamanaka $6,000 $7,725 $6,000 $13,725 (1 Fund)
Tristan E. Beplat, $2,000 $200 N/A $2,200 (1 Fund)
Honorary Director
Allan Comrie, $5,196 $4,969 $5,196 $10,165 (1 Fund)
Honorary Director
Jonathan Mason, $6,000 $6,911 $6,000 $12,911 (1 Fund)
Honorary Director
James W. Morley, $7,000 $6,176 $6,000 $13,176 (1 Fund)
Honorary Director
Robert G. Stone, Jr., $11,000 $6,189 $6,000 $18,461 (2 Funds)
Honorary Director
</TABLE>
* Includes Pension or Retirement Benefits
** Includes Accrued Pension or Retirement Benefits
+ Mr. Miyauchi became a Director of the Fund effective July 19, 1996.
Accordingly, this figure represents projected accrued benefits for the
calendar year 1997 and is not reflected in column 5.
September 16, 1997
