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Pinnacle(TM) The Legends Fund, Inc.(TM)
Supplement to Prospectus dated December 31, 1996 Supplement to Prospectus dated November 1, 1996
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Morgan Stanley Asian Growth Portfolio
Morgan Stanley Worldwide High Income Portfolio
On February 5, 1997, Morgan Stanley Group Inc. and Dean Witter, Discover &
Co. announced that they had entered into an Agreement and Plan of Merger to form
Morgan Stanley, Dean Witter, Discover & Co. Morgan Stanley Group Inc. is the
direct parent of Morgan Stanley Asset Management Inc., the Portfolios'
investment adviser. It is currently anticipated that the transaction will close
in mid-1997. Thereafter, Morgan Stanley Asset Management Inc. will be a
subsidiary of Morgan Stanley, Dean Witter, Discover & Co.
Dean Witter, Discover & Co. is a financial services company with three
major businesses, full service brokerage, credit services and asset management.
The date of this Supplement is April 11, 1997.
