FIRST EAGLE FUND OF AMERICA INC
497, 1996-09-05
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                        FIRST EAGLE FUND OF AMERICA, INC.
                                   45 BROADWAY
                            NEW YORK, NEW YORK 10006

                       SUPPLEMENT DATED SEPTEMBER 5, 1996
                      TO PROSPECTUS DATED FEBRUARY 28, 1996

 Existing shareholders may establish or direct new accounts in the Fund with a
minimum initial investment of $1,000. There is no minimum subsequent  investment
amount for  retirement  accounts.  All current  minimum  initial and  subsequent
investment amounts may be changed or waived at any time.
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