PAGE 1
Institutional International Funds, Inc.
_________________________________________________________________
Foreign Equity Fund
Supplement to Prospectus dated May 1, 1993
_________________________________________________________________
Effective immediately, the following sentence will be deleted
from the fourth paragraph of the Investment Program section on
page 2 of the Prospectus:
The Fund, however, will be restricted from investing in
any companies domiciled in the Republic of South
Africa.
_________________________________________________________________
The date of this Supplement is February 1, 1994.
_________________________________________________________________
<PAGE>
PAGE 2
Institutional International Funds, Inc.
_________________________________________________________________
Foreign Equity Fund
Supplement to Statement of Additional Information dated May 1,
1993
_________________________________________________________________
Effective immediately, the following sentence will be deleted
from the first paragraph of the Investment Program section on
page 3 of the Statement of Additional Information:
However, the Fund is restricted from investing in any
companies domiciled in the Republic of South Africa.
_________________________________________________________________
The date of this Supplement is February 1, 1994.
_________________________________________________________________
