Supplement, dated January 29, 1996, to the prospectus, dated May 1, 1995, of
Seligman Communications and Information Fund, Inc. (the "Fund")
New Accounts and New Minimums. Effective today, the Fund is open to purchases
from new investors. The minimum initial investment amount for non-retirement
accounts is $2,500 (except for an account being established pursuant to the
Invest-A-Check(R) Service). The minimum amount for initial investment for
Seligman IRA's and other retirement accounts is $1,000. The minimum amount for
subsequent investments is $100.
The Invest-A-Check(R) Service enables a shareholder to authorize checks
to be drawn on a regular checking account at regular monthly intervals in fixed
amounts of $200 or more, or regular quarterly interval in fixed amounts of $500
or more, to purchase shares. Fund accounts may be established concurrently with
the Invest-A-Check(R) Service if accompanied by an initial purchase check of
$200 in conjunction with the monthly investment option or $500 in conjunction
with the quarterly investment option. More information regarding the
Invest-A-Check(R) Service can be found in the "Terms and Conditions" section of
the Fund's prospectus.
The Fund reserves the right to return investments that do not meet the
foregoing minimums. The Invest-A-Check(R) minimums do not apply to existing
accounts that are currently enrolled in the service.
Net Asset Value Sales. The Fund may sell Class A shares at net asset value to
present and retired directors, trustees, officers, employees and their spouses
(and family members of the foregoing) of the Fund, the other investment
companies in the Seligman Group, J. & W. Seligman & Co. Incorporated (the
"Manager") and other companies affiliated with the Manager. Family members are
defined to include lineal descendants and lineal ancestors, siblings (and their
spouses and children) and any company or organization controlled by any of the
foregoing. Such sales also may be made to employee benefit and thrift plans for
such persons and to any investment advisory, custodial, trust or other fiduciary
account managed or advised by the Manager or any affiliate. Sales of the Funds
may be made at net asset value to "eligible employee benefit plans" (as defined
in the Fund's prospectus under "Special Programs") of employers who have at
least (i) $1 million invested in the Seligman Group of Mutual Funds or (ii) 50
employees to whom such plan is made available. Section 403(b) plans sponsored by
public educational institutions are not eligible for net asset value purchases
based on the aggregate investment made by the plan or number of eligible
employees.
Referral Fee. Seligman Financial Services, Inc. shall pay broker/dealers, from
its own resources, an additional fee on assets of certain Class A shares of the
Seligman Mutual Funds, including the Fund, participating in an eligible employee
benefit plan that are attributable to the particular broker/dealer. The shares
eligible for the fee are those on which an initial front-end sales load was not
paid because the plan meets the standards for net asset value sales, as set
forth above. The fee, which is paid monthly, is a percentage of the average
daily net asset value of eligible shares based on the length of time the shares
have been invested in a Seligman Fund, as follows: for shares held up to 1 year,
.50% per annum; for shares held more than 1 year up to 2 years, .25% per annum;
for shares held from 2 years up to 5 years, .10% per annum; and nothing
thereafter.
EQCI1A-1/96
