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SUPPLEMENT TO THE PROSPECTUSES
AND STATEMENTS OF
ADDITIONAL INFORMATION OF
KEYSTONE BALANCED FUND (K-1) ("K-1")
KEYSTONE SMALL COMPANY GROWTH FUND (S-4) ("S-4")
KEYSTONE INTERNATIONAL FUND, INC. ("KIF")
The prospectus and statement of additional information of each of the above-
named funds (each a "Fund") are hereby supplemented as follows:
Since January 1, 1996, in the case of S-4, and beginning April 1, 1996, in the
case of K-1 and KIF, through June 30, 1996 ("Offering Period"), Keystone
Investment Distributors Company will reallow to brokers or others a commission
equal to 5% of the price paid for each Fund share sold as described in each
Fund's prospectus.
Such payments will be made to those dealers and others selling such shares
who pay to their registered representatives making such sales a portion of the
additional amount payable under this special dealer offer, determined in
accordance with their regular payment arrangements with such persons for sales
not made under a special dealer offer.
March 22, 1996
