Registration No. 2-94184
Rule 497(e)
REICH & TANG 600 FIFTH AVENUE
EQUITY FUND, INC. NEW YORK, NY 10020
(212) 830-5220
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February 1, 1999
Supplement To The Prospectus Dated May 1, 1998
Effective February 1, 1999, the third full paragraph on page 7 of the prospectus
is amended to include the following statement:
Effective February 1, 1999 through July 31, 1999, the Manager will
waive .20% of its Management Fee.
RTE299SUPP