PAX WORLD FUND, INC.
Amendment dated October 17, 1997 to
Prospectus dated April 22, 1997
On October 1, 1997, Thomas W. Grant, Vice Chairman of the Board of
Directors became President of the Fund to fill the vacancy resulting from the
retirement of Luther E. Tyson. In August Director Ralph M. Hayward resigned due
to ill health. The vacancy was filled by the election by the Board of Directors
of Nancy S. Taylor, 5298, N. Riffle Way, Boise, Idaho 83703. She is the Senior
Minister, First Congregational Church, Boise, Idaho (1992 to present); Associate
Minister, Immanuel Congregational Church, Hartford, Connecticut (1987-1992); she
is also a Director of Pax World Growth Fund, Incorporated. Joy L. Liechty a
Director of the Fund is also a Director of Pax World Growth Fund, Incorporated.
Redemptions: Commencing March 2, 1998, signature guarantee procedures
change. The required signature guarantee must be from a participant in a
medallion program recognized by the Securities Transfer Association and may be
obtained from a domestic bank or trust company, securities broker-dealer,
clearing agency or savings association. There are three recognized medallion
programs: Securities Transfer Agents Medallion (known as STAMP); Stock Exchanges
Medallion Program (SEMP) and Medallion Signature Program (MSP). Signature
guarantees which are not a part of these programs will not be accepted.
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Amendment Dated October 17, 1997 to
Prospectus and Statement of Additional
Information both dated April 22, 1997.
