Royce Global Services Fund
Supplement to Prospectus dated April 30, 1997
At a Special Meeting held on November 25, 1997, Shareholders of
ROYCE GLOBAL SERVICES FUND (the "Fund") approved a proposal to
change the Fund's investment objective and a related policy to
permit the Fund to concentrate its investments in the financial
services industry. The Fund's new investment objective is long-
term capital appreciation by investing primarily in common stocks
and convertible securities of companies principally engaged in
the financial services industry.
With this approval, the Fund's name has been changed to ROYCE
FINANCIAL SERVICES FUND and the Fund has amended its non-
fundamental investment policies to eliminate the requirement that
more than 65% of its assets be invested in securities of
companies from at least three countries, which may include the
United States.
November 25, 1997
