COMSTOCK PARTNERS FUNDS, INC.
Supplement dated June 30, 1998 to Prospectus dated August 28, 1997
The text of the last two paragraphs on page 45 of the Prospectus (continuing
up to the caption "Sub-Investment Adviser" on page 46) is replaced by the
following:
"Charles L. Minter acts as the portfolio manager for each Fund.
Mr. Minter is a co-founder, and is also Chairman and Chief Executive
Officer, of the Investment Adviser. Mr. Minter joined Merrill, Lynch,
Pierce, Fenner & Smith Incorporated ("Merrill Lynch") in 1966 and in 1970
became a member of its New York Institutional Sales office. From 1976
to 1986, Mr. Minter was Vice President - Institutional Sales at
Merrill Lynch. In that capacity he serviced institutional accounts
and supervised portfolios that included commodity and financial futures,
options, foreign securities and zero coupon bonds. He has been involved
in the management of Comstock Partners Strategy Fund since its inception
and Comstock Partners Capital Value Fund (including its predecessor, the
Dreyfus Capital Value Fund) since April 30, 1987."
