TCI PORTFOLIOS INC
497, 1996-07-31
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                              TCI PORTFOLIOS, INC.


                                 Supplement to
                                   TCI Growth
                                   Prospectus


                         Supplement dated August 5, 1996
                         to Prospectus dated May 1, 1996

- --------------------------------------------------------------------------------


     The disclosure set forth below replaces the fourth through eighth
paragraphs under the heading "Management" found on page 10-11 of the TCI Growth
prospectus:

     The portfolio manager members of the TCI Growth team and their principal
business experience for the last five years are as follows:

     GLENN A. FOGLE, Vice President and Portfolio Manager, joined Investors
Research in September 1990 as an Investment Analyst, a position he held until
March 1993. At that time, he was promoted to Portfolio Manager.

     JAMES A. STARK, Portfolio Manager, joined Investors Research in April 1993
as an Investment Analyst, a position he held until July 1996. At that time, he
was promoted to Portfolio Manager. Prior to joining Investors Research, Mr.
Stark was an Investment Analyst with Kemper Financial Services (1989 to 1993).


                                         P.O. Box 419385      [company logo]
                                   Kansas City, Missouri   ====================
                                              64141-6385   TCI PORTFOLIOS, INC.
                          1-800-345-3533 or 816-531-5575   --------------------
                                                           Part of the Twentieth
                                                             Century Family of
                                                                Mutual Funds


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