<PAGE>
PACIFIC ADVISORS FUND INC.
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SUPPLEMENT DATED SEPTEMBER 1, 1999
TO THE
PROSPECTUS DATED MAY 3, 1999
This supplement updates certain information contained in the above-dated
Prospectus of Pacific Advisors Fund Inc. (the "Company"). You should retain both
the Supplement and Prospectus for future reference. You many obtain an
additional copy of the Prospectus, free of charge, by contacting the Distributor
at: 206 North Jackson Street, Suite 301, Glendale, CA 91206 (Telephone:
1-800-282-6693).
ADD TO THE COVER PAGE: THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFERING OF ANY
CLASS OR SERIES IN ANY STATE IN WHICH SUCH CLASS OR SERIES IS NOT AUTHORIZED FOR
SALE.
REPLACE THE ADDRESS OF PACIFIC ADVISORS FUND, INC. ON PAGE 26 WITH 206 NORTH
JACKSON STREET, SUITE 301 GLENDALE, CALIFORNIA 91206.
REPLACE THE ADDRESS OF PACIFIC GLOBAL INVESTMENT MANAGEMENT COMPANY ("PGIMC") ON
PAGE 26 WITH 206 NORTH JACKSON STREET, SUITE 301 GLENDALE, CALIFORNIA 91206.
REPLACE THE ADDRESS OF PACIFIC GLOBAL FUND DISTRIBUTORS, INC. ("PGFD") ON PAGES
27 AND 42 WITH 206 NORTH JACKSON STREET, SUITE 301 GLENDALE, CALIFORNIA 91206.
REPLACE THE ADDRESS OF PACIFIC GLOBAL INVESTOR SERVICES, INC. ("PGIS") ON PAGE
WITH 206 NORTH JACKSON STREET, SUITE 301 GLENDALE, CALIFORNIA 91206.
<PAGE>
PACIFIC ADVISORS FUND INC.
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SUPPLEMENT DATED SEPTEMBER 1, 1999
TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED MAY 3, 1999
This supplement updates certain information contained in the above-dated
Statement of Additional Information of Pacific Advisors Fund Inc. (the "Company"
or "we"). You should retain both the Supplement and Statement of Additional
Information for future reference. You many obtain an additional copy of the
Statement of Additional Information, free of charge, by contacting the
Distributor at: 206 North Jackson Street, Suite 301, Glendale, CA 91206
(Telephone: 1-800-282-6693).
REPLACE THE ADDRESS OF PACIFIC GLOBAL FUND DISTRIBUTORS, INC. ("PGFD") ON PAGE
S-21 WITH 206 NORTH JACKSON STREET, SUITE 301, GLENDALE, CALIFORNIA 91206.
REPLACE THE ADDRESS OF PACIFIC GLOBAL INVESTOR SERVICES, INC. ("PGIS") ON PAGE
S-23 WITH 206 NORTH JACKSON STREET, SUITE 301, GLENDALE, CALIFORNIA 91206.
REPLACE THE LAST SENTENCE OF THE PARAGRAPH TITLED "DIRECTORS AND OFFICERS" ON
PAGE S-24 WITH "UNLESS OTHERWISE INDICATED THE ADDRESS FOR EACH DIRECTOR OR
OFFICER IS 206 NORTH JACKSON STREET, SUITE 301, GLENDALE, CALIFORNIA 91206."
DELETE KATHLEEN M. FISHKIN AND SIEGFRED KAGAWA AS MEMBERS OF THE BOARD OF
DIRECTORS ON PAGES S-24 AND S-25.
