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<PAGE> 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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