STRONG ADVANTAGE FUND INC
485BPOS, 2001-01-16
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As filed with the Securities and Exchange Commission on or about
January 16, 2001

                                        Securities Act Registration No. 33-24451
                                Investment Company Act Registration No. 811-5667


                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                    FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933          [   ]
         Pre-Effective Amendment No.                             [   ]
                                     ------
         Post-Effective Amendment No.   22                        [X]
                                      ------
                                     and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940  [   ]
         Amendment No.   23                                       [X]
                       ------
                        (Check appropriate box or boxes)

                           STRONG ADVANTAGE FUND, INC.
               (Exact Name of Registrant as Specified in Charter)

          100 Heritage Reserve
    Menomonee Falls, Wisconsin                                         53051
(Address of Principal Executive Offices)                             (Zip Code)

       Registrant's Telephone Number, including Area Code: (414) 359-3400
                             Elizabeth N. Cohernour
                         Strong Capital Management, Inc.
                              100 Heritage Reserve
                        Menomonee Falls, Wisconsin 53051
                     (Name and Address of Agent for Service)



         It  is  proposed  that  this  filing  will  become   effective   (check
appropriate box).

           [X] immediately  upon filing pursuant to paragraph (b) of Rule 485
           [ ] on (date) pursuant to paragraph (b)(vii) of Rule 485
           [ ] 60 days after filing  pursuant to  paragraph  (a)(1) of Rule 485
           [ ] on (date) pursuant to paragraph (a)(1) of Rule 485
           [ ]75 days after filing pursuant to paragraph  (a)(2) of Rule 485
           [ ] on (date) pursuant to paragraph (a)(2) of Rule 485

         If appropriate, check the following box:

          [ ]  this  post-effective  amendment  designates  a new
               effective date for a previously filed  post-effective
               amendment.




<PAGE>




                                   SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act of 1933 and the
Investment  Company Act of 1940, the Registrant  certifies that it meets all the
requirements  for  effectiveness  of  this   Post-Effective   Amendment  to  the
Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933,
and has duly caused this Post-Effective  Amendment to the Registration Statement
to be signed on its behalf by the undersigned,  thereto duly authorized,  in the
Village  of  Menomonee  Falls,  and  State  of  Wisconsin  as of the 16th day of
January, 2001.

                                          STRONG ADVANTAGE FUND, INC.
                                          (Registrant)

                                          By: /S/ ELIZABETH N. COHERNOUR
                                          ------------------------------------
                                          Elizabeth N. Cohernour, Vice President

         Pursuant  to the  requirements  of the  Securities  Act of  1933,  this
Post-Effective  Amendment  to the  Registration  Statement on Form N-1A has been
signed  below by the  following  persons  in the  capacities  and as of the date
indicated.
<TABLE>
<CAPTION>
<S>                                             <C>                                             <C>
                     NAME                                          TITLE                              DATE

                                                Chairman of the Board (Principal Executive
                                                Officer) and a Director                         January 16, 2001
-----------------------------------------------
Richard S. Strong*

                                                Treasurer (Principal Financial and
/s/ John W. Widmer                              Accounting Officer)                             January 16, 2001
-----------------------------------------------
John W. Widmer


                                                Director                                        January 16, 2001
-----------------------------------------------
Marvin E. Nevins*


                                                Director                                        January 16, 2001
-----------------------------------------------
Willie D. Davis*


                                                Director                                        January 16, 2001
-----------------------------------------------
William F. Vogt*


                                                Director                                        January 16, 2001
-----------------------------------------------
Stanley Kritzik*


                                                Director                                        January 16, 2001
-----------------------------------------------
Neal Malicky*
</TABLE>

*    Susan A. Hollister signs this document pursuant to powers of attorney filed
     with Post-Effective  Amendment No. 21 to the Registration Statement on Form
     N-1A.



                                                 By: /S/ SUSAN A. HOLLISTER
                                                 -------------------------------
                                                 Susan A. Hollister



<PAGE>



                                  EXHIBIT INDEX

                                                          EDGAR
  EXHIBIT NO.                     EXHIBIT                 EXHIBIT NO.
  -----------                      -------                -----------

  (h.6)                   Services Agreement              EX-99.h6



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