LEXINGTON STRATEGIC SILVER FUND INC
497, 1995-12-22
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               Lexington Strategic Silver Fund, Inc.
                 Supplement dated December 13, 1995
 to The Statement of Additional Information dated October 27, 1995


Investment Adviser, Distributor & Administrator



Lexington Management Corporation and Lexington Funds Distributor, Inc. are 
wholly-owned subsidiaries of  Lexington Global Asset Managers, Inc., a  
publicly traded corporation. Descendants of Lunsford Richardson, Sr., their 
spouses, trusts and other related entities have a majority voting control 
of the outstanding shares of Lexington Global Asset Managers, Inc.



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