Rule 497(e)
Reg. No. 33-45437
File No. 811-6549
SUPPLEMENT
to the Prospectus of America's Utility Fund Inc.
dated May 24, 1996
The Fund has implemented new minimum investment and minimum balance
amounts.
Investments through an installment plan. If you opened a Fund account
after September 1, 1996 and participate in an installment plan, or if you invest
through an installment plan that begins a monthly cycle after September 1, 1996,
the minimum monthly investment will now be $40. Any references in the Fund's
Prospectus to a lower minimum are hereby replaced by a reference to the new $40
minimum.
Minimum Fund balance. The Fund has adopted a new minimum investment
balance of $1,000. The new minimum will become effective on September 1, 1999.
If at any time after that date your investment balance is less than $1,000, the
Fund may choose to redeem your shares and pay you for them. You will receive at
least 60 days written notice before the Fund redeems your shares, and you may
purchase additional shares at any time to avoid a redemption.
For more information about either of these changes, please contact
America's Utility Service Company, Inc., at 1-800-487-3863.
