KEYSTONE INTERNATIONAL FUND INC
497, 1995-05-01
OIL ROYALTY TRADERS
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                       SUPPLEMENT TO THE PROSPECTUSES AND
                   STATEMENTS OF ADDITIONAL INFORMATION OF
                        KEYSTONE INTERNATIONAL FUND INC.
                    KEYSTONE PRECIOUS METALS HOLDINGS, INC.
                           KEYSTONE TAX EXEMPT TRUST
                                (THE "FUND(S)")

    The  prospectus  and  statement of  additional  information  of each Fund is
hereby supplemented as follows:

    Contingent  deferred  sales  charges  will now be waived  on any  redemption
consisting of (1) loan proceeds to a retirement plan participant;  (2) financial
hardship  withdrawals made by a retirement plan  participant;  or (3) returns of
excess  contributions  or excess  deferral  amounts  made to a  retirement  plan
participant.

    In  addition,  effective  May 1,  1995,  the name of the  Funds'  investment
adviser  and  certain of the  adviser's  affiliates  will be  changed:  Keystone
Custodian  Funds,  Inc., the Funds'  investment  adviser,  will become "Keystone
Investment  Management  Company";   Keystone  Distributors,   Inc.,  the  Funds'
principal underwriter,  will become "Keystone Investment  Distributors Company";
and  Keystone  Group,  Inc.,  the  parent  company  of the  Funds'  adviser  and
underwriter, will become "Keystone Investments, Inc."


May 1, 1995

                                                                        CUST3-SK




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