<PAGE>
Filed Pursuant to Rule 497(c)
Registration File No.: 2-94996
THE HUDSON RIVER TRUST
SUPPLEMENT DATED OCTOBER 2, 1995
TO
STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 1995
as Supplemented August 31, 1996
The Trust's non-fundamental investment restriction with respect to trading
in foreign exchange, which appears on page 5 of the Statement of Additional
Information, has been revised as follows:
None of the Portfolios will trade in foreign exchange (except
transactions incidental to the settlement of purchases or sales of
securities for a Portfolio); however, the Global and International
Portfolios may trade in foreign exchange without limitation in connection
with their foreign currency hedging strategies; and the High Yield,
Quality Bond, Growth and Income, Conservative Investors, Balanced, Common
Stock, Aggressive Stock and Growth Investors Portfolios may trade in
foreign exchange in connection with their foreign currency hedging
strategies, provided the amount of foreign exchange underlying such a
Portfolio's currency hedging transactions does not exceed 10% of such
Portfolio's assets.
YOU SHOULD RETAIN THIS SUPPLEMENT
WITH YOUR STATEMENT OF ADDITIONAL INFORMATION
FOR FUTURE REFERENCE
