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SANFORD C. BERNSTEIN FUND, INC.
Supplement dated July 10, 2000 filed pursuant to Rule 497(e) of the
Securities Exchange Act of 1933 to the Regular Prospectus, Fixed-Income
Institutional Services and International Institutional Services Prospectuses
each dated February 1, 2000 pursuant to Post-Effective Amendment No. 21
(File Nos. 33-21844; 811-5555), which was filed with the Securities and
Exchange Commission on January 28, 2000.
The section under the heading "Fund Management" is amended to include
the following:
Sanford C. Bernstein & Co., Inc.'s parent company, Sanford C.
Bernstein Inc., a Delaware holding company, entered into an agreement on
June 20, 2000 with Alliance Capital Management L.P. pursuant to which
Bernstein will combine with Alliance. No changes in people or investment
process by either firm are contemplated. The transaction is expected to
close in the fourth quarter 2000. Since the transaction is in the form of
an acquisition by Alliance, the Fund will seek, prior to the closing, its
shareholders' consents in connection with the continuing provision of
investment management services to the Fund.
Alliance, with assets under management totaling $394 billion at March 31,
2000, manages retirement assets for public and private employee benefit plans,
public employee retirement funds, foundations, endowments, banks, and insurance
companies worldwide. It is also a mutual fund sponsor with a family of
diversified portfolios distributed globally.
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SANFORD C. BERNSTEIN FUND, INC.
Supplement dated July 10, 2000 filed pursuant to Rule 497(e) of the
Securities Exchange Act of 1933 to the Statement of Additional Information
dated February 1, 2000 pursuant to Post-Effective Amendment No. 21 (File
Nos. 33-21844; 811-5555), which was filed with the Securities and Exchange
Commission on January 28, 2000.
The section under the heading "Manager and Distributor" is amended to
include the following:
Sanford C. Bernstein & Co., Inc.'s parent company, Sanford C.
Bernstein Inc., a Delaware holding company, entered into an agreement on
June 20, 2000 with Alliance Capital Management L.P. pursuant to which
Bernstein will combine with Alliance. No changes in people or investment
process by either firm are contemplated. The transaction is expected to
close in the fourth quarter 2000. Since the transaction is in the form of
an acquisition by Alliance, the Fund will seek, prior to the closing, its
shareholders' consents in connection with the continuing provision of
investment management services to the Fund.
Alliance, with assets under management totaling $394 billion at March 31,
2000, manages retirement assets for public and private employee benefit plans,
public employee retirement funds, foundations, endowments, banks, and insurance
companies worldwide. It is also a mutual fund sponsor with a family of
diversified portfolios distributed globally. At June 30, 2000, approximately
35.3% of Alliance was owned by Alliance Capital Management Holding L.P., and
approximately 62.5% of Alliance was owned directly and indirectly by AXA
Financial, Inc. AXA Financial's indirect wholly-owned subsidiary, Alliance
Capital Management Corporation, is the general partner of Alliance. AXA, a
French insurance holding company owned, as of June 30, 2000, approximately 60.3%
of the issued and outstanding shares of the common stock of AXA Financial.
