CHUBB INVESTMENT FUNDS INC
497, 1997-05-02
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                         SUPPLEMENT DATED MAY 1, 1997
                             TO THE PROSPECTUS OF
                       THE CHUBB INVESTMENT FUNDS, INC.
                               DATED MAY 1, 1997


The Chubb Investment Funds, Inc. prospectus is amended to reflect that Chubb 
Life Insurance Company is a wholly-owned subsidiary of the Chubb Corporation
pending its sale to the Jefferson-Pilot Corporation.


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