PLAN INVESTMENT FUND INC
497, 1999-12-13
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<PAGE>   1
                           PLAN INVESTMENT FUND, INC.

                       Supplement dated December 13, 1999
                       to Prospectus dated April 26, 1999


         The following is added to the "Pricing of Participation Certificates"
section of the Prospectus:

         On any business day when the Bond Market Association ("BMA") recommends
that the securities markets close early, the Fund reserves the right to close
at or prior to the BMA recommended closing time. If the Fund does so, it will
cease granting same business day credit for purchase and redemption orders
received after the Fund's closing time and credit will be granted on the next
business day.


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