PEOPLES S&P MIDCAP INDEX FUND INC
497, 1994-01-06
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                                                  December 30, 1993
                  PEOPLES S&P MIDCAP INDEX FUND, INC.
              SUPPLEMENT TO PROSPECTUS DATED FEBRUARY 5, 1993
     Further information about the Fund's performance is contained in the
Fund's annual report for the fiscal year ended October 31, 1993, which
may be obtained without charge by writing to the Fund at 144 Glenn
Curtiss Boulevard, Uniondale, New York 11556-0144, or by calling 1-800-
645-6561. When telephoning ask for Operator 666.
                                                    113/stkr123093



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