IAI Investment Funds, IV, Inc.
File No. 2-66885
IAI Investment Funds, VI, Inc.
File No. 33-40496
IAI Investment Funds, VII, Inc.
File No. 2-39560
SUPPLEMENT DATED FEBRUARY 16, 1999
TO THE JOINT PROSPECTUS DATED AUGUST 1, 1998
OF
IAI REGIONAL FUND (A PORTFOLIO OF IAI INVESTMENT FUNDS IV, INC.)
IAI MIDCAP GROWTH FUND (A PORTFOLIO OF IAI INVESTMENT FUNDS VI, INC.)
IAI GROWTH AND INCOME FUND (A PORTFOLIO OF IAI INVESTMENT FUNDS VII, INC.)
MANAGEMENT OF FUND INVESTMENTS IN RESTRICTED SECURITIES
The following replaces the disclosure on pages 36 and 37 of the Fund's current
Prospectus, and the Prospectus Supplement dated September 30, 1998, concerning
the management of Fund's investments in restricted securities:
Curt McLeod is responsible for Fund investments in restricted securities,
including equity and limited partnership interests in privately-held companies
and investment partnerships. Mr. McLeod is an IAI Vice President and equity
portfolio manager. Prior to joining IAI in 1997, Mr. McLeod had been a portfolio
manager with Piper Jaffray, Inc. since 1986.
