<PAGE>
Filed Pursuant to Rule 497(e)
Registration File No.: 2-29858
DAVIS NEW YORK VENTURE FUND, INC.
SUPPLEMENT DATED DECEMBER 6, 2000
TO
STATEMENT OF ADDITIONAL INFORMATION
DATED DECEMBER 1, 2000
The following section of the Statement of Additional Information is amended and
restated in its entirety:
DIRECTORS AND OFFICERS
The Board of Directors supervises the business and management of the Funds. The
Board approves all significant agreements between the Funds, and those companies
that furnish services to the Funds. The names and addresses of the Directors and
officers are set forth below, together with their principal business
affiliations and occupations for the last five years. As indicated below,
certain Directors and officers hold similar positions with the following Funds
that are managed by the Adviser: Davis New York Venture Fund, Inc., Davis
Series, Inc., Davis International Series, Inc., and Davis Variable Account Fund,
Inc. (collectively the "Davis Funds"). As indicated below, certain Directors and
officers may also hold similar positions with the following funds that are
managed by the Adviser: Selected American Shares, Inc., Selected Special Shares,
Inc., and Selected Capital Preservation Trust (collectively the "Selected
Funds").
Each of the Directors has been nominated to become a director of Davis
International Series, Inc. The Davis family controls a majority of the
outstanding vote of Davis International Series, Inc. and are expected to elect
each of the Directors in a special meeting of shareholders to be held in late
January 2001.
DIRECTORS
WESLEY E. BASS, JR. (8/21/31), 710 Walden Road, Winnetka, IL 60093. Director of
each of the Davis Funds except Davis International Series, Inc.; President, Bass
& Associates (a financial consulting firm); formerly First Deputy City
Treasurer, City of Chicago, and Executive Vice President, Chicago Title and
Trust Company.
JEREMY H. BIGGS (8/16/35),* Two World Trade Center, 94th Floor, New York, NY
10048. Director and Chairman of each of the Davis Funds; Director of the Van Eck
Chubb Funds; Consultant to the Adviser; Vice Chairman, Head of Equity Research
Department; Chairman of the U.S. Investment Policy Committee, and Member of the
International Investment Committee of Fiduciary Trust Company International.
<PAGE>
MARC P. BLUM (9/9/42), 233 East Redwood Street, Baltimore, MD 21202. Director
each of the Davis Funds except Davis International Series, Inc.; Chief Executive
Officer, World Total Return Fund, LLP; Counsel to Gordon, Feinblatt, Rothman,
Hoffberger and Hollander, LLC (attorneys); Director, Mid-Atlantic Realty Trust.
ANDREW A. DAVIS (6/25/63),* 124 East Marcy Street, Santa Fe, NM 87501.
Director of each of the Davis Funds (except Davis International Series, Inc.)
and the Selected Funds; President or Vice President of each of the Davis Funds
and Selected Funds; President, Davis Selected Advisers, L.P. and also serves as
an executive officer in certain companies affiliated with the Adviser.
CHRISTOPHER C. DAVIS (7/13/65),* 609 Fifth Avenue, New York, NY 10017. Director
of each of the Davis Funds and the Selected Funds; Chief Executive Officer,
President, or Vice President of each of the Davis Funds and Selected Funds;
Chairman and Chief Executive Officer, Davis Selected Advisers, L.P. and also
serves as an executive officer in certain companies affiliated with the Adviser;
Chairman and Director, Shelby Cullom Davis Financial Consultants, Inc.; Employee
of Shelby Cullom Davis & Co., a registered broker/dealer; Director, Kings Bay
Ltd., an offshore investment management company.
JERRY D. GEIST (5/23/34), 931 San Pedro Drive S.E., Albuquerque, NM 87108.
Director of each of the Davis Funds except Davis International Series, Inc.;
Chairman, Santa Fe Center Enterprises; Chairman, Energy & Technology Company,
Ltd.; Director, CH2M-Hill, Inc.; Member, Investment Committee for
Microgeneration Technology Fund, UTECH Funds; Retired Chairman and President,
Public Service Company of New Mexico.
D. JAMES GUZY (3/7/36), P.O. Box 128, Glenbrook, NV 89413. Director of each of
the Davis Funds except Davis International Series, Inc.; Chairman, PLX
Technology, Inc. (a manufacturer of semi-conductor circuits); Director, Intel
Corp. (a manufacturer of semi-conductor circuits), Cirrus Logic Corp. (a
manufacturer of semi-conductor circuits), Alliance Technology Fund (a mutual
fund) and Micro Component Technology, Inc.; Novellus Systems, Inc.
(a manufacturer of semi-conductor equipment).
G. BERNARD HAMILTON (3/18/37), Avanti Partners, P.O. Box 1119,
Richmond, VA 23218. Director of each of the Davis Funds; Managing General
Partner, Avanti Partners, L.P.
LAURENCE W. LEVINE (4/9/31), Walsh & Levine, 40 Wall Street, 24th Floor, NY
10005. Director of each of the Davis Funds except Davis International Series,
Inc.; Partner, Bigham, Englar, Jones and Houston (attorneys); United States
Counsel to Aerolineas Argentina; Director, various private companies.
THEODORE B. SMITH, JR. (12/23/32), John Hassall, Inc., Westbury, Long Island NY
11590. Director of each of the Davis Funds; Chairman, President and CEO of John
Hassall, Inc.; Managing Director John Hassall, Ltd.; Chairman of John Hassall
Japan, Ltd.; Chairman of Cantrock Realty; Chairman of McCallum Die; Trustee,
Deputy Mayor and Commissioner of Public Services for the Incorporated Village of
Mill Neck.
CHRISTIAN R. SONNE (5/6/36), 207 West Lake Road, Tuxedo Park, NY 10987. Director
of each of the Davis Funds except Davis International Series, Inc.; General
Partner of Tuxedo Park Associates (a land holding and development firm);
President and Chief Executive Officer of Mulford Securities Corporation (a
private investment fund) until 1990; formerly Vice President of Goldman Sachs &
Co. (investment banker).
MARSHA WILLIAMS (3/28/51), 725 Landwehr Road, Northbrook, IL 60062. Director of
each of the Davis Funds (except Davis International Series, Inc.) and the
Selected Funds; Chief Administrative Officer of Crate & Barrel; Director, Modine
Manufacturing, Inc.; Director, Chicago Bridge & Iron Company, M.V.; former Vice
President and Treasurer, Amoco Corporation.
*Jeremy H. Biggs, Andrew A. Davis and Christopher C. Davis are
considered to be "interested persons" of the Funds, as defined in the Investment
Company Act. Andrew A. Davis and Christopher C. Davis are brothers.
DIRECTORS' COMPENSATION SCHEDULE
2
<PAGE>
During the fiscal year ended July 31, 2000, the compensation paid to the
Directors who are not considered to be interested persons of the Funds was as
follows:
<TABLE>
<CAPTION>
AGGREGATE FUND TOTAL
NAME COMPENSATION COMPLEX COMPENSATION(1)
---- ------------- -----------------------
<S> <C> <C>
Wesley E. Bass $30,200 $57,800
Marc P. Blum $30,715 $58,700
Jerry D. Geist $29,300 $56,000
D. James Guzy $27,200 $51,650
G. Bernard Hamilton $29,300 $61,000
LeRoy E. Hoffberger(2) $19,355 $38,450
Laurence W. Levine $29,300 $56,000
Theodore B. Smith, Jr.(3) $0 $6,250
Christian R. Sonne $29,300 $56,000
Marsha Williams $27,680 $80,500
</TABLE>
(1) Complex compensation is the aggregate compensation paid, for services as a
Director, by all mutual funds with the same investment adviser. There are
seven registered investment companies in the complex.
(2) Mr. Hoffberger retired as a Director as of January 1, 2000, but still serves
in a non-voting emeritus status (3) Mr. Smith became a Director of the Davis
Funds on December 5, 2000. Prior to that he served only as a
director of Davis International Series, Inc.
OFFICERS
KENNETH C. EICH (8/14/53), 2949 East Elvira Road, Suite 101Tucson, Arizona
85706. Vice President of each of the Davis Funds and Selected Funds; Chief
Operating Officer, Davis Selected Advisers, L.P. and also serves as an executive
officer in certain companies affiliated with the Adviser; former President and
Chief Executive Officer of First of Michigan Corporation; former Executive Vice
President and Chief Financial Officer of Oppenheimer Management Corporation.
SHARRA L. REED (9/25/66), 2949 East Elvira Road, Suite 101Tucson, Arizona 85706.
Vice President, Treasurer and Assistant Secretary of each of the Davis Funds and
Selected Funds; Vice President Davis Selected Advisers, L.P. and also serves as
an executive officer in certain companies affiliated with the Adviser.
THOMAS D. TAYS (3/7/57), 2949 East Elvira Road, Suite 101Tucson, Arizona 85706.
Vice President and Secretary of each of the Davis Funds and Selected Funds; Vice
President, General Counsel and Secretary, Davis Selected Advisers, L.P. and also
serves as an executive officer in certain companies affiliated with the Adviser.
ARTHUR DON (9/24/53), 111 East Wacker Drive, Suite 2800, Chicago IL 60601.
Assistant Secretary of each of the Davis Funds and Selected Funds; Member,
D'Ancona & Pflaum LLC, the Davis Fund's counsel.
The Davis Funds do not pay salaries to any of their officers. The Adviser
performs certain services on behalf of the Davis Funds and is reimbursed by them
for the costs of providing these services.
The first paragraph of following section of the Statement of Additional
Information is amended and restated in its entirety:
INVESTMENT ADVISORY SERVICES
3
<PAGE>
Davis Selected Advisers, L.P. (the "Adviser"), whose principal office is at 2949
East Elvira Road, Suite 101, Tucson, Arizona 85706, serves as investment adviser
for Davis New York Venture Fund, Inc., Davis Series, Inc., Davis International
Series, Inc., Davis Variable Account Fund, Inc. (collectively with the Funds,
the "Davis Funds"), Selected American Shares, Inc., Selected Special Shares,
Inc. and Selected Capital Preservation Trust (collectively the "Selected
Funds"). The Adviser also provides advisory or sub-advisory services to other
parties including other registered investment companies, private accounts,
off-shore funds, a hedge fund and managed money/wrap accounts. Currently,
Venture Advisers, Inc., an entity controlled by Shelby M.C. Davis is the
Adviser's sole general partner. As of December 31, 2000 Davis Investments, LLC,
will become the Adviser's sole general partner. Christopher C. Davis is Chief
Executive Officer of the Adviser and as the sole member of the general partner
controls the Advise. Davis Distributors, LLC ("the Distributor"), a subsidiary
of the Adviser, serves as the distributor or principal underwriter of the Davis
Funds and Selected Funds. Davis Selected Advisers - NY, Inc. ("Sub-Adviser"), a
wholly owned subsidiary of the Adviser, performs investment management, research
and other services for the Davis Funds and Selected Funds on behalf of the
Adviser under sub-advisory agreements with the Adviser.
