MUTUAL OF AMERICA INVESTMENT CORPORATION
Mutual of America Investment Corporation hereby amends its Prospectus, dated
May 1, 1998, by substituting the following Portfolio Manager description for
the portion of the All America Fund advised by Mutual of America Capital
Management Corporation, in place of the description on page 14 of the
Prospectus:
All America Fund.
Thomas P. Larsen, Executive Vice President of the Adviser,
is responsible for managing the Adviser's portion of the
Active Assets of the Fund. Mr. Larsen, who joined the
Adviser in June 1998, has more than 27 years of investment
experience and most recently served as Senior Vice President
of Desai Capital Management.
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Supplement, dated September 11, 1998,
to Prospectus, dated May 1, 1998
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