VANGUARD/PRIMECAP FUND INC
497, 1997-10-16
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                          VANGUARD/PRIMECAP FUND, INC.
                              PROSPECTUS SUPPLEMENT
                                OCTOBER 17, 1997

The last  sentence on page 9 of the  prospectus  dated April 18, 1997,  gives an
incorrect  figure for the investment  advisory fee paid by the Fund in 1996. The
sentence  should read as follows:  "For the year ended  December 31,  1996,  the
investment advisory fee paid by the Fund represented an effective annual rate of
0.28% of average net assets."


                                                                            PS59


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