ROYCE FUND, 497, 1996-07-01

ROYCE FUND
497, 1996-07-01

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                             ROYCE TOTAL RETURN FUND
                 SUPPLEMENT TO PROSPECTUS DATED APRIL 30, 1996
 
WARRANTS, RIGHTS AND OPTIONS:
The  Fund  may invest  up to  5% of  its  total assets  in warrants,  rights and
options.
 
GENERAL INFORMATION:
The  Royce  Fund, established as a Massachusetts business trust in October 1985,
was reorganized as a Delaware business trust in June 1996.
 

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                           ROYCE GLOBAL SERVICES FUND
                 SUPPLEMENT TO PROSPECTUS DATED APRIL 30, 1996
 
WARRANTS, RIGHTS AND OPTIONS:
The  Fund  may invest  up to  5% of  its  total assets  in warrants,  rights and
options.
 
GENERAL INFORMATION:
The  Royce  Fund, established as a Massachusetts business trust in October 1985,
was reorganized as a Delaware business trust in June 1996.
 

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                        THE REVEST GROWTH & INCOME FUND
                 SUPPLEMENT TO PROSPECTUS DATED APRIL 30, 1996
 
The  Royce  Fund, established as a Massachusetts business trust in October 1985,
was reorganized as a Delaware business trust in June 1996.


July 1, 1996