BERWYN INCOME FUND INC
497, 1997-01-30
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                Berwyn Income Fund
                    Supplement
              Dated January 23, 1997
                 to the Prospectus
               Dated April 24, 1996





On January 21, 1997, the Board of Directors
decided to reopen the Fund.  Any investor who
wishes may now purchase shares in the fund by
following the procedures listed in the Prospectus.
                         
                         
                         
                         
                         
                         
                         
                         
                Berwyn Income Fund
                    Supplement
              Dated January 23, 1997
          to the Statement of Additional
                    Information
               Dated April 24, 1996





On January 21, 1997, the Board of Directors
decided to reopen the Fund.  Any investor who
wishes may now purchase shares in the fund by
following the procedures listed in the Prospectus.





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