ROCKWOOD
Rockwood Fund, Inc.
Supplement Dated February 2, 1998 to the
Prospectus dated March 1, 1997
THE FOLLOWING SUPPLEMENTS AND SUPERCEDES ANY CONTRARY INFORMATION
CONTAINED IN THE FUND'S PROSPECTUS.
The Investment Policy Committee of Rockwood Advisers, Inc. (the
"Investment Manager") assumed the portfolio management of the Fund effective
February 2, 1998 and the subadvisory agreement between the Investment Manager
and Aspen Securities and Advisory, Inc. will terminate effective March 1, 1998.
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