Please file this Prospectus Supplement with your records.
STRONG VALUE FUND
STRONG OPPORTUNITY FUND
STRONG GROWTH FUND
STRONG COMMON STOCK FUND
STRONG SMALL CAP FUND
STRONG DISCOVERY FUND
Supplement to the Prospectus dated May 1, 1996
STRONG COMMON STOCK FUND
Effective immediately, the Strong Common Stock Fund (the
"Fund") will allow the opening of new regular (i.e.,
contributory) Individual Retirement Accounts (excluding
SIMPLE IRAs and SEP and SAR-SEP IRAs) ("IRAs") for 1996 and
1997 IRA contributions only (subject to the applicable IRA
contribution limits) until the earlier of (1) the Fund
receiving approximately $30 million in assets from new IRA
account openings or (2) April 15, 1997. PLEASE NOTE THAT
THE NEW REGULAR IRA ACCOUNTS MAY NOT BE OPENED THROUGH
EXCHANGE, IRA TRANSFER, OR IRA ROLLOVER.
Prospectus Supplement Dated January 23, 1997.