MAP-EQUITY FUND
Supplement Dated May 1, 1998
To Prospectus Dated May 1, 1998
This supplement should be read in conjunction with the MAP-
Equity Fund, Inc. (the "Fund") prospectus, a copy of which can be
obtained without charge from First Priority Investment Corporation,
520 Broad Street, Newark, New Jersey 07102, ATTN: MAP-EQUITY FUND, or
by telephoning 1-800-559-5535.
The Board of Directors of MBL Life Assurance Corporation ("MBL
Life"), the 51% owner of the Fund's investment adviser, Markston
Investment Management ("Markston"), has publicly announced the
intention to explore opportunities for the sale of MBL Life. While
no acquirer of MBL Life has been finalized, a sale transaction,
depending on the structure of the transaction and the future plans of
the acquirer, may result in a change of control of Markston. If
there is a change of control of Markston, shareholders of the Fund
would receive a proxy statement describing the proposed new agreement
and related matters and would be asked to approve such changes. In
any event, this prospectus will be supplemented as necessary to
reflect any related developments that may affect the shareholders of
the Fund.
