ILLINOIS SUPERCONDUCTOR CORPORATION
424B3, 2000-11-02
INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS
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                    Prospectus Supplement to Prospectus dated October 4, 2000
                    Registration No. 333-46658 Filed Pursuant to Rule 424(b)(3)

                       ILLINOIS SUPERCONDUCTOR CORPORATION

                                   SUPPLEMENT
                                       TO
                        PROSPECTUS DATED OCTOBER 4, 2000

     This is a Supplement to Illinois Superconductor Corporation's Prospectus,
dated October 4, 2000 (the "Prospectus"), with respect to the offer and sale of
up to 71,768,868 shares of Common Stock, including preferred stock purchase
rights, of Illinois Superconductor Corporation. This Supplement amends and
supplements certain information contained in the Prospectus. We encourage you to
read this Supplement carefully.

                                   ----------

     NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSIONER HAS APPROVED OR DISAPPROVED OF THE SHARES OF ILLINOIS
SUPERCONDUCTOR CORPORATION COMMON STOCK TO BE ISSUED UNDER THIS SUPPLEMENT AND
THE PROSPECTUS OR DETERMINED IF THIS SUPPLEMENT OR THE PROSPECTUS IS TRUTHFUL OR
COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

                                   ----------

                THE DATE OF THIS SUPPLEMENT IS NOVEMBER 2, 2000.

CURRENT REPORTS ON FORM 8-K

     1.   On November 2, 2000 the Company filed with the Securities and Exchange
Commission a Current Report on Form 8-K, announcing that the Company has entered
into an agreement to acquire Lockheed Martin Canada's Adaptive Notch Filtering
("ANF") Business Unit.

     A copy of the Company's Current Report on Form 8-K filed on November 2,
2000 is being provided to you along with this supplement.

Information about documents that have been incorporated by reference into the
Prospectus is included in the section of the Prospectus captioned "Where You Can
Find More Information."


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