Filed Pursuant to Rule 497(e)
File Number 33-34411
THE TORRAY FUND
Supplement dated January 31, 1997
to the Prospectus dated April 30, 1996
This supplement provides new and additional information beyond that
contained in the Prospectus and should be retained and read in conjunction
with such Prospectus.
The following information replaces that located in the second
paragraph of the "How To Buy Shares" and the first paragraph of the "How
to Redeem Shares" sections on page 8 of the Prospectus.
Shares of the Fund must be purchased by sending a check payable to
"The Torray Fund" together with a completed Application to:
The Torray Fund
c/o FPS Services Inc.
3200 Horizon Drive
King of Prussia, PA 19406-0903
Additional investments must be made by sending a check payable to "The
Torray Fund" at:
The Torray Fund
P.O. Box 412797
Kansas City, MO 64141-2797
(Please put your 5 digit account number on your check)
Written requests to redeem shares of the Fund must be sent to:
The Torray Fund
P.O. Box 412797
Kansas City, MO 64141-2797
Shareholders should be aware that purchase and redemption orders
mailed to the Fund at its address in Bethesda, Md will not be effected
until received by the Fund's agent at the address(es) listed above.
For information regarding your account, or to make a redemption of
shares by telephone, please call 1-800-626-9769.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
On the Prospectus: Please see the enclosed supplement to the prospectus
dated January 31, 1997
