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SUPPLEMENT DATED FEBRUARY 27, 1997
TO PROSPECTUS DATED MAY 1, 1996
On February 27, 1997, the Board of Directors of the Market Street Fund, Inc.
("MS Fund") unanimously resolved that a Special Meeting of Shareholders of the
Growth Portfolio of the MS Fund be held on April 24, 1997 for the purpose of
holding a vote to determine whether to approve or disapprove the replacement of
Newbold's Asset Management, Inc. with Sentinel Advisors Company as investment
adviser of the Growth Fund.
The Board of Directors authorized the Secretary of the MS Fund to prepare and
mail a notice, proxy statement and proxy to policyholders and contractholders
who have assets invested in the Growth Portfolio as of March 5, 1997, the
record date. Such proxy materials will be, or have been, forwarded to solicit
the policyholders' and contractholders' vote on whether to approve or
disapprove the proposed replacement of the investment adviser.
The change in investment adviser will become effective on May 1, 1997 should a
majority of shareholders vote in favor of the change.
