VANGUARD/PRIMECAP FUND
Prospectus Supplement
March 7, 1995
The Directors of Vanguard/PRIMECAP Fund have determined that, effective
March 7, 1995, new accounts will no longer be accepted in the Fund.
Current shareholders may make additional investments of up to $25,000 each
year, beginning in 1995. Purchases by exchange are also subject to the
$25,000 limit. Current IRA and other retirement plan investors may
generally continue to make contributions to existing accounts subject to
any other applicable restrictions. Shareholders may transfer the
registration of any Fund shares to another person provided that the
transfer equals at least $3,000 for non-retirement accounts and $2,000 for
IRAs. The Fund reserves the right to modify these policies at any time.
For more detailed information, please call 1-800-662-7447.
PS59
