ASM FUND, INC.
Supplement Dated August 18, 1997
to the Statement of Additional Information Dated March 4, 1997
The following item supplements pages 3 and 4 of the Statement of
Additional Information.
On March 20, 1997, the Fund's Board of Directors unanimously
approved the expansion of the Board by one seat and elected Mr.
Arthur Salzfass to the Board. Mr. Salzfass is presently a
Director and President of Rutledge Books, Inc., a Director of
Parts in Excess, LLC and a consultant to Micro Info.
220648.1
