<PAGE>
Supplement to the Prospectus
These are speculative securities as defined by the Arizona Securities Division
Rule R14-4-118.
To be attached to front cover page of the prospectus of United New Concepts
Fund, Inc. Class A shares dated June 30, 1996 distributed in the state of
Arizona.
This supplement is dated July 12, 1996.
NUS2012AZ(7-96)
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This supplement is required by the Division of Securities of the State of
Missouri
The security offered hereby may be considered speculative due to the Fund's
intention to borrow money for investment in securities. In addition, if and to
the extent the Fund's investment activity results in a high rate of portfolio
turnover, it will incur correspondingly greater commission expenses and
transaction costs.
To be attached to the front cover page of the prospectus of United New Concepts
Fund, Inc. Class A shares dated June 30, 1996.
This supplement is dated July 12, 1996.
NUS2012MO(7-96)
