VANGUARD BOND INDEX FUND INC, 497, 1995-01-30

VANGUARD BOND INDEX FUND INC
497, 1995-01-30

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                            VANGUARD BOND INDEX FUND
                             PROSPECTUS SUPPLEMENT
                                JANUARY 27, 1995


       The Fund reserves the right to deduct a portfolio transaction fee
ranging from 0.15% to 0.25% from purchases of the shares of each
Portfolio (depending on the Portfolio involved), if such purchase or
cumulative purchases are of a size that is reasonably deemed to be
disruptive to efficient portfolio mangement.  The fee will be paid to the
Portfolio to offset transaction costs of buying securities.  The fee is
not paid to Vanguard and is not a sales charge.