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CALVERT WORLD VALUES FUND, INC.
CAPITAL ACCUMULATION FUND
Prospectus dated January 31, 1996
Date of Supplement: December 18, 1996
Please note the following change to Page 11 of the Prospectus:
Scott S. Johnston is no longer associated with Apodaca-Johnston Capital
Management, Inc. Apodaca-Johnston is one of the Fund's sub-advisors.
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