VANGUARD BOND INDEX FUND
PROSPECTUS SUPPLEMENT
JUNE 16, 1995
1. The Fund reserves the right to deduct a portfolio transaction fee,
ranging from 0.15% to 0.25%, from purchases of shares of each Portfolio, if
such purchase or cumulative purchases are of a size that is reasonably
deemed to be disruptive to efficient portfolio management. 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.
2. Shares of the Fund are not deposits or obligations of, or guaranteed
or endorsed by, any bank, and are not insured by the Federal Deposit
Insurance Corporation, the Federal Reserve Board, or any other governmental
agency. Investment in the Fund involves risk, including loss of the
principal amount invested.
