ATTENTION SHAREHOLDERS
Please be advised that the information contained in the application for
deregistration on Form N-8F (40-8F-M) filed on August 27, 1999 and the two
subsequent amendments (40-8F-M/A) filed on September 10, 1999 and November 12,
1999 (the "Application and Amendments") contain information that is true and
correct; however, these filings do not pertain to either The Berwyn Funds, a
Delaware business trust, or its predecessor Registrant, the Berwyn Income Fund,
Inc., a Pennsylvania corporation.
Instead, the Application and Amendments pertain to: Berwyn Fund, Inc., a
Pennsylvania corporation. Please see CIK: 0000731764 for amended filings.