<PAGE>
Filed Pursuant to
Rule 424(b)(3)
Registration No. 333-11535
Addendum dated July 17, 1997 to Specialty Retail Group, Inc.
Prospectus dated February 25, 1997 (Registration No. 333-11535)
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Pages 9 and 22
The executive offices of the Company have been changed to
477 Madison Avenue, New York, New York 10022 and its
telephone number is (212) 872-9684. The Company's lease in
Westport, Connecticut was terminated.
Page 25
Kevin R. Greene is no longer a director of the Company.
