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SUPPLEMENT DATED JANUARY 14, 1998
TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
DATED NOVEMBER 1, 1997
THE LEGENDS FUND, INC.
The Prospectus and Statement of Additional Information are hereby amended as
follows:
On January 8, 1998, the name of the Zurich Kemper Value Portfolio (formerly
the Dreman Value Portfolio) was changed to the Scudder Kemper Value Portfolio
(the "Portfolio"). This was done to reflect the name change of the Portfolio's
Sub-Adviser from Zurich Kemper Value Advisors, Inc. to Scudder Kemper Investors,
Inc. All references to the Zurich Kemper Value Portfolio and Zurich Kemper
Value Advisors, Inc. in the Prospectus and Statement of Additional Information
are hereby revised accordingly. Notwithstanding the name changes, persons
responsible for the day-to-day management of the Portfolio remain the same.
The transaction described on page 12 of the Prospectus under "Management of
the Fund - ARM Capital Advisors, Inc." closed on November 7, 1997. Accordingly,
as described in the Prospectus, the Manager has been renamed Integrity Capital
Advisors, Inc. The Manager will continue to provide investment management
services to the Fund.
THIS SUPPLEMENT MODIFIES THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
AND SHOULD BE READ AND RETAINED.
