SUPPLEMENT FOR
UNITED GOLD & GOVERNMENT FUND SHAREHOLDERS
TO PROXY STATEMENT FOR SPECIAL JOINT MEETING OF SHAREHOLDERS
After the Board of Directors of United Gold & Government Fund, Inc. (the
"Fund") determined to hold a special joint shareholders meeting to consider the
proposals described in the attached Proxy Statement, the Board approved a
proposed reorganization of the Fund into United Asset Strategy Fund, Inc. The
proposed reorganization is described in a separate proxy statement, which is
included in this mailing, for a separate meeting of Fund shareholders that has
been called for the purpose of voting on the reorganization.
If the reorganization is approved by Fund shareholders, the Board of
Directors intends to proceed with the reorganization and does not intend to
implement any of the proposals contained in this Proxy Statement that were also
approved by Fund shareholders.
This Supplement is dated May 17, 1999.
<PAGE>
SUPPLEMENT FOR
UNITED GOLD & GOVERNMENT FUND SHAREHOLDERS
TO PROXY STATEMENT FOR SPECIAL JOINT MEETING OF SHAREHOLDERS
After the Board of Directors of United Gold & Government Fund, Inc. (the
"Fund") determined to hold a special joint shareholders meeting to consider the
proposals described in the Proxy Statement, the Board approved a proposed
reorganization of the Fund into United Asset Strategy Fund, Inc. The
proposed reorganization will be considered at a special, separate meeting of
Fund shareholders that has been called for the purpose of voting on the
reorganization.
If the reorganization is approved by Fund shareholders, the Board of
Directors intends to proceed with the reorganization and does not intend to
implement any of the proposals contained in the Proxy Statement that were also
approved by Fund shareholders.
This Supplement is dated May 17, 1999.
