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Filed Pursuant to Rule 497(e) as amended by Regulation S-T
File Nos. 811-6229;33-37783
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THE GOVETT FUNDS, INC.
SUPPLEMENT DATED JANUARY 15, 1997
TO THE PROSPECTUS DATED APRIL 24, 1996
AS SUPPLEMENTED SEPTEMBER 30, 1996
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Gareth Watts, a director and senior portfolio manager at John Govett & Co.
Limited ("John Govett"), investment manager for The Govett Funds, Inc., has
assumed responsibility for managing the Govett Smaller Companies Fund (the
"Fund"). The Fund had been managed by Berkeley Capital Management pursuant to a
subadvisory agreement with John Govett. That agreement will terminate March 10,
1997.
Since joining the firm in 1988, Mr. Watts has been responsible for managing
all of John Govett's offshore funds investing in United States equities and has
been the portfolio manager for the Govett International Equity Fund since its
inception in 1992. Mr. Watts graduated in statistics from the University of
Wales. He worked for the firm of Legal and General as a U.S. Fund Manager for
five years before moving to Morgan Grenfell in 1983, where he managed both North
American and international funds. In 1986 he joined Scrimgeour Vickers Asset
Management as a Senior Fund Manager in charge of all overseas assets.
Peter Kysel will take over for Mr. Watts as portfolio manager of the Govett
International Equity Fund. Mr. Kysel is also a director of John Govett and is a
senior member of its international fund management team which is involved in
managing the International Equity Fund. He graduated from Prague University in
business economics and politics. Prior to joining John Govett as a fund manager
and director in 1994, he was managing director of the Investment Banking
Division at Komercni Banka AS in Prague. He has also served as Director of
International Investments for Lloyds Merchant Bank Ltd in London and as a
Director of Touche Remnant Holdings' trust unit.
