For Maryland Residents Only
February 15, 1996
DELAWARE GROUP TAX-FREE FUND, INC.
TAX-FREE USA INTERMEDIATE FUND
A Class Shares
B Class Shares
C Class Shares
(Supplement to Prospectus dated November 29, 1995)
SYNOPSIS
The following supplements the information in the Synopsis on
Page 3:
In the third numbered paragraph under the caption "RISK
FACTORS AND SPECIAL CONSIDERATIONS," the following is added
after the second sentence:
Certain options and futures may be considered to
be derivative securities.
The following paragraph is added under the caption "RISK
FACTORS AND SPECIAL CONSIDERATIONS" immediately preceding
the fourth and fifth numbered paragraphs, which now become
the fifth and sixth paragraphs, respectively.
4. The Series may invest in inverse floaters
which may be considered to be derivative
securities. The interest rates attributable to
inverse floaters may move in the opposite
direction to short-term interest rates at an
accelerated speed causing rapid fluctuations in
the value of such securities. See Inverse
Floaters under Investment Strategy.
