COMPOSITE NORTHWEST FUND, INC. IS NOW CLASSIFIED AS A DIVERSIFIED MUTUAL FUND.
THE FOLLOWING INFORMATION SUPPLEMENTS THE COMPOSITE EQUITY FUNDS PROSPECTUS
DATED JANUARY 15, 1996. PLEASE FILE THIS WITH YOUR COPY OF THE PROSPECTUS.
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COMPOSITE NORTHWEST FUND, INC.
SUPPLEMENT DATED JUNE 17, 1996, TO THE PROSPECTUS DATED JANUARY 15, 1996
Page 10 of the prospectus, under the heading "Who We Are," is revised as
follows:
Composite Northwest Fund, Inc. has completed its adjustment of investments and
is now classified as a diversified mutual fund under the Investment Company Act
of 1940.
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