SUPPLEMENT dated May 8, 1998 to the Primary Trend Funds'
Statement of Additional Information dated August 29, 1997.
On March 4, 1998, Joseph L. Cook resigned as a director of The
Primary Trend Fund, Inc. and The Primary Income Funds, Inc. (collectively,
the "Companies"), and on April 29, 1998, the shareholders of the Companies
elected Clark J. Hillery and Harold L. Holtz as directors of the
Companies. As a result, the section entitled "DIRECTORS AND OFFICERS OF
THE COMPANIES" of the Companies' Statement of Additional Information is
amended (i) to reflect that Joseph L. Cook is no longer a director, (ii)
to reflect that Clark J. Hillery and Harold L. Holtz are Directors of the
Companies and (iii) to add the following biographical information for
Messrs. Hillery and Holtz:
CLARK J. HILLERY
207 East Buffalo Street
Milwaukee, Wisconsin
(A DIRECTOR OF EACH COMPANY)
Mr. Hillery, 48, has been the President and Owner of
Ink Printing Corporation since August, 1979.
HAROLD L. HOLTZ
First Financial Centre
700 North Water Street
Milwaukee, Wisconsin
(A DIRECTOR OF EACH COMPANY)
Mr. Holtz, 73, is retired. He was employed as a
CPA by Egan & Associates, CPAs from January, 1996 to
December, 1997. Prior to his employment with Egan &
Associates, CPAs, he was sole proprietor of Harold L.
Holtz, CPA, from November, 1987 to December, 1995.
