BEA INVESTMENT FUNDS INC
497, 1995-09-27
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<PAGE>1

                          BEA INVESTMENT FUNDS, INC.

                         INSTITUTIONAL GOVERNMENT FUND


                         Prospectus Supplement, dated
                      September 27, 1995, to Prospectus,
                             dated March 17, 1995

This supplement provides updates resulting from a merger agreement between The
Chase Manhattan Bank Corporation and U.S. Trust Corporation.

Effective September 1, 1995, the following changes have occurred:

1.   The custodian currently listed on page 18 as United States Trust Company
     of New York is now The Chase Manhattan Bank, N.A.

2.   The Following wire instructions replace those currently listed under
      Purchase of Shares   By Federal Funds Wire  on page 11 of the
     prospectus:


                        THE CHASE MANHATTAN BANK, N.A.
                           One Chase Manhattan Plaza
                           New York, NY  10081-1000
                              ABA #: 021-000-021
                              DDA #: 910-2-733293
                       Attn: BEA Investment Funds, Inc.
        Ref:  Institutional Government Fund, Shareholder Name/Account #


After September 1, 1995, all wires for mutual fund share purchases directed to
United States Trust Company of New York at the present ABA number will not be
accepted.

As with any wire purchase, please call the Fund at 1-800-545-5799 prior to
wiring funds.

3.   All references to the United States Trust Company of New York and its
     affiliate, Mutual Funds Service company should be deemed to be references
     to The Chase Manhattan Bank, N.A. and its subsidiary Chase Global Funds
     Services Company.

























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