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Supplement dated September 1, 1997
to the Prospectus of the
Flag Investors International Fund, Inc. (Class A)
dated March 1, 1997
The following information updates and supersedes the information
contained in each Prospectus of the Flag Investors International Fund, Inc. (the
"Fund"):
On September 1, 1997, Alex. Brown Incorporated ("Alex. Brown") and
Bankers Trust New York Corporation ("Bankers Trust") consummated an Agreement
and Plan of Merger (the "Merger") under which Alex. Brown merged with and into a
subsidiary of Bankers Trust. Pursuant to the Merger, Investment Company Capital
Corp. ("ICC"), the Fund's investment advisor became an indirect subsidiary of
Bankers Trust.
Alex. Brown & Sons Incorporated, formerly the Fund's distributor, will
continue business operations after the Merger as part of BT Alex. Brown
Incorporated, a renamed Bankers Trust subsidiary. In that capacity it will
continue to provide shareholder services to its customers who are shareholders
of the Fund. However, to comply with applicable banking regulations, the Fund
has engaged ICC Distributors, Inc. ("ICC Distributors") to provide distribution
services to the Fund. ICC Distributors is not affiliated with ICC. The principal
business address of ICC Distributors is P.O. Box 7558, Portland, Maine 04101.
In addition, effective September 1, 1997 certain changes in the Fund's
officers were effected primarily for the purpose of complying with bank
regulatory requirements. Amy M. Olmert has been appointed Secretary of the Fund.
Also, Edward J. Veilleux, and Gary V. Fearnow have resigned as Vice Presidents
of the Fund, and Scott J. Liotta has resigned as Vice President and Secretary of
the Fund.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
