FIRST EAGLE FUND OF AMERICA, INC.
45 BROADWAY
NEW YORK, NEW YORK 10006
SUPPLEMENT DATED MAY 15, 1996
TO PROSPECTUS DATED FEBRUARY 28, 1996
Telephone Purchase and Redemption
An investment in First Eagle Fund of America, Inc. automatically entitles
stockholders to purchase subsequent Fund shares, subject to the minimum
described in the section entitled "How to Purchase Shares," without charge, by
telephone after the Fund is in receipt of a completed Telephone Purchase and
Redemption Form. This form is supplied in the investment kit and is also
available from the Fund by calling (800) 451-3623 or BISYS Fund Services, Inc.
("BISYS") by calling (800) 824-3863.
Telephone purchase orders may be made for subsequent investments in the Fund by
calling BISYS at (800) 824-3863, before 4:00 p.m. Eastern Time on each day both
The Bank of New York (the "Custodian") and the New York Stock Exchange are open
for business (a "Business Day"). The trade will be executed as of 4:00 p.m.
Eastern Time on such Business Day if payment is received by such time on that
day. Orders received after the time specified, and orders for which payment has
not been received by 4:00 p.m. Eastern Time, will not be accepted. The Fund may,
in its discretion, reject any purchase order for shares. Payment for orders
which are not received in good order, paid for in a timely manner or are not
accepted by the Fund, will be returned after prompt notification to the sending
stockholder.
Payment for shares may be made only in Federal funds or other funds immediately
available to the Fund and should be wired to The Bank of New York, as outlined
in the section "How To Purchase Shares." The Fund reserves the right to suspend
the sale of shares to the public at any time, in response to conditions in the
securities markets or otherwise.
Telephone redemption orders for the Fund may also be made by calling BISYS at
(800) 824-3863 before 4:00 p.m. Eastern Time on each Business Day. The trade
will be executed as of 4:00 p.m. Eastern Time on such Business Day if
notification is received by such time. Stockholders will be required to provide
proper identification, such as the stockholder's selected personal
identification number (a "PIN#"). For redemptions over $100,000., it may be
necessary for BISYS to request other pertinent information to confirm the
identity of the stockholder.
Redemptions are effected at the net asset value per share next determined after
receipt of the order by BISYS. Payment for redeemed shares will normally be
wired in Federal funds on the next business day to the payment instructions
specified. Payment instructions may be given to the Fund either on the Telephone
Purchase and Redemption Form or in a letter to the Fund which is signature
guaranteed. If you do not provide payment instructions for the proceeds of a
redemption, a check will be sent to the address of record.
Telephone redemptions must be preceded by the establishment of a PIN#. You may
obtain a PIN# by calling BISYS at (800) 824-3863.
The Fund will employ reasonable procedures to confirm that instructions
communicated by telephone are genuine. Such procedures may include, among other
things, requiring a PIN# prior to acting upon telephone instructions. The Fund
reserves the right to refuse a telephone redemption if it believes it advisable
to do so. Assuming the Fund's security procedures are followed, neither the Fund
nor BISYS will be responsible for the authenticity of redemption instructions
received by telephone and believed to be genuine and any loss therefrom will be
borne by the investor. Please note that all telephone calls will be recorded for
your protection.
