M.S.B. FUND, INC.
SUPPLEMENT TO THE PROSPECTUS DATED MAY 1, 1998
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL
INFORMATION DATED MAY 1, 1998
THIS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS AND THE
STATEMENT OF ADDITIONAL INFORMATION OF THE FUND DATED MAY 1, 1998,AND SHOULD
BE RETAINED FOR FUTURE REFERENCE.
INVESTMENT OBJECTIVE
The Fund's Board of Directors has approved a change in the description of
the Fund's investment objective. Effective May 1, 1999, the Fund's investment
objective will be to achieve "long-term growth of capital." The secondary
objective of income has been eliminated. This change will not have any effect
on the manner in which the Fund's portfolio is managed. The Fund will continue
to invest primarily in dividend-paying common stocks of large-size companies.
THE DATE OF THIS SUPPLEMENT IS APRIL 8, 1999.
