Please file this Prospectus Supplement with your records.
STRONG ASSET ALLOCATION FUND II
Supplement to Prospectus dated May 1, 1996
REVISION OF ASSET ALLOCATION BENCHMARKS AND RANGES
Effective July 1, 1996, the Fund will revise its asset allocation
benchmarks and ranges as follows:
Percentage of Net Assets
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Benchmark Range
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Category Old New Old New
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Equities 40% 60% 10-60% 30-70%
Bonds 40% 35% 20-60% 20-70%
Cash 20% 5% 0-70% 0-50%
The date of this Prospectus Supplement is June 17, 1996.
