SUPPLEMENT DATED APRIL 2, 1996
TO
PROSPECTUS DATED JUNE 20, 1996
FOR
FLEXIBLE ASSET ALLOCATION PORTFOLIO
AND
PROSPECTUS DATED MARCH 1, 1996
FOR
MONEY MARKET PORTFOLIO
OF
AON ASSET MANAGEMENT FUND, INC.
On April 1, 1996 General Electric Capital Corporation ("GE Capital") acquired
all of the common stock of Forth Financial Resources, Ltd., the parent of Forth
Financial Securities Corporation ("FFSC"), the principal underwriter of the
shares of Aon Asset Management Fund, Inc. (the "Fund"). Because of the change of
control of FFSC, the April 26, 1995 Distribution Agreement pursuant to which
FFSC served as principal underwriter of the Fund's shares terminated.
On April 2, 1996, a new Distribution Agreement between the Fund and FFSC became
effective. The new Distribution Agreement is substantially identical to the
April 26, 1995 Distribution Agreement. The Board of Directors of the Fund will
meet in the near future to consider entering into a new arrangement for
distribution of the Fund's shares with a new principal underwriter, Aon
Securities Corporation, a broker-dealer that is an affiliate of Aon Corporation
and the Fund's investment manager, Aon Advisors, Inc. ("AAI").
Prior to April 1, 1996 FFSC provided certain administrative services to the Fund
pursuant to an Administrative Agreement with AAI and the Fund dated December 29,
1993. That Administrative Agreement terminated on April 1, 1996 because of the
change of control of FFSC. On April 2, 1996, FFSC, AAI and the Fund entered into
a new Administration Agreement pursuant to which FFSC will continue to provide
administrative services to the Fund.
