Rule 497(e)
File Nos.
33-54012
and
811-7328
THE HANOVER INVESTMENT FUNDS, INC.
The Hanover Short Term U.S. Government Fund
The Hanover U.S. Government Securities Fund
The Hanover Blue Chip Growth Fund
The Hanover Small Capitalization Growth Fund
The Hanover American Value Fund
Supplement dated January 23, 1996 to
Investor Shares Prospectuses
The following modifications are made to the prospectuses
relating to
Investor Shares of each of the above-referenced portfolios as
indicated below:
PROSPECTUS FRONT COVER
The first sentence of the fifth paragraph on the prospectus front
cover is
replaced with the following:
This prospectus relates only to the Investor Shares of the
Fund and no
other class of shares of the Fund is offered hereby.
ORGANIZATION AND CAPITAL STOCK
The third sentence of the second paragraph following the heading
"Organization
and Capital Stock" is eliminated.