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<PAGE> SUPPLEMENT DATED FEBRUARY 7, 1996 TO THE PROSPECTUS OF THE CHUBB AMERICA FUND, INC. DATED MAY 1, 1995 The Chubb America Fund, Inc. prospectus is amended to reflect that Sean Farrington has assumed the responsibility of lead portfolio manager of the World Growth Stock Portfolio. Mr. Farrington joined Templeton Global Advisors Inc. in 1991. Templeton Investment Counsel, Inc. changed its name to Templeton Global Advisors Inc. on December 21, 1995.
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