AMERICAN NATIONAL INVESTMENT ACCOUNTS, INC.
SUPPLEMENT DATED DECEMBER 17, 1996 TO
PROSPECTUS DATED APRIL 30, 1996
Page 8, under the heading "The Fund And Its Management", the Portfolio
Management section is amended as follows:
Mr. David Zimansky, Vice President and a Portfolio Manager of the Fund, is
no longer affiliated with SM&R. The portfolio management responsibilities
for the Fund will be performed by a team consisting of Messrs. Gordon D.
Dixon and William R. Berger.
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 1996
Page 43, under the heading "Management of the Fund", the following is
amended:
Mr. David Zimansky, Vice President and a Portfolio Manager of the Fund, is
no longer affiliated with SM&R.
