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SUPPLEMENT DATED OCTOBER 26, 1999
SG COWEN INCOME + GROWTH FUND, INC.
PROSPECTUS DATED APRIL 1, 1999
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The paragraphs under the caption "Portfolio Managers" on page 7 are replaced by
the following:
William Rechter is primarily responsible for the daily management of the Fund
and has had such responsibility since the Fund commenced operations in 1986. He
is a Senior Vice President and Senior Investment Officer, and has served as a
Managing Director and Portfolio Manager of SG Cowen since July 1, 1998.
Previously, he was a Class I Limited Partner of Cowen and Managing Director of
Cowen Incorporated. Prior to joining Cowen, Mr. Rechter was President and Chief
Investment Officer of Sperry Capital Management. He is a Chartered Financial
Analyst with 28 years of investment experience.
