MAP-GOVERNMENT FUND, INC.
Supplement Dated May 1, 1998
To Prospectus Dated May 1, 1998
This supplement should be read in conjunction with the MAP-
Government 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-GOVERNMENT
FUND, INC. or by telephoning 1-800-559-5535.
The Board of Directors of MBL Life Assurance Corporation ("MBL
Life"), the owner of the Fund's investment adviser, First Priority
Investment Corporation ("First Priority"), has publicly announced the
intention to explore opportunities for the sale of MBL Life. While
no acquirer of MBL Life has been finalized at this stage, 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
First Priority. If there is a change of control of First Priority,
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.
