VANGUARD STAR FUND
497, 1998-10-02
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                               VANGUARD STAR FUND

                       SUPPLEMENT TO THE PROSPECTUS DATED
                                 APRIL 23, 1998

At a special meeting of shareholders held June 30, 1998, shareholders approved a
proposal  to permit  Vanguard  STAR Fund to invest the  reserves  portion of its
assets in the  Short-Term  Corporate  Fund of Vanguard  Fixed Income  Securities
Funds,  as well as in the Prime  Money  Market  Fund of  Vanguard  Money  Market
Reserves.

                                                                 PS56-10/02/1998


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