THE YACKTMAN FUNDS, INC.
Supplement to the Prospectus dated April 30, 1998
On November 24, 1998 the stockholders of The Yacktman Funds, Inc.
voted:
* To remove Jon D. Carlson, Thomas R. Hanson, Stanislaw
Maliszewski and Stephen E. Upton as directors of the Funds.
* To reduce the number of directors of the Funds from six to
five.
* To elect Bruce B. Bingham, Albert J. Malwitz and George J.
Stevenson III to the Board of Directors of the Funds
As a result of this action, the current directors of the Funds are:
Ronald W. Ball - Senior Vice President of Yacktman Asset
Management Co.
Bruce B. Bingham - Partner in Hamilton Partners, a real
estate development firm.
Albert J. Malwitz - Owner and Chief Executive Officer of
Arlington Fastener Co., a manufacturer and distributor of
industrial fasteners.
George J. Stevenson, III - President of Stevenson & Company,
a registered business broker, and President of Healthmate
Products Co., a fruit juice concentrate manufacturing
company.
Donald A. Yacktman - President of Yacktman Asset Management
Co.
Following the November 24, 1998 meeting of stockholders, the directors
voted to remove Jon D. Carlson as President, Secretary and Treasurer of the
Funds, and elected Donald A. Yacktman as President and Treasurer of the Funds
and Ronald W. Ball as Vice President and Secretary of the Funds.
As a result of the actions taken by the stockholders at the November
24, 1998 meeting, The Yacktman Fund's Rule 12b-1 Distribution Plan was
terminated, effective November 24, 1998.
The date of this Supplement is December 14, 1998.
