BARCLAYS GLOBAL INVESTORS FUNDS INC
497, 1999-12-20
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                      BARCLAYS GLOBAL INVESTORS FUNDS, INC.

                               LifePath 2000 Fund

                       Supplement dated December 20, 1999
                      to the Prospectus dated July 1, 1999


                On October 27, 1999,  the Board of Directors of Barclays  Global
                Investors Funds,  Inc. approved the name change of the "LifePath
                2000 Fund" to the "LifePath Income Fund,"  effective  January 1,
                2000.  The Fund also adopted an  investment  policy to invest at
                least 65% of its assets in income  producing  securities,  under
                normal market conditions.

                Please keep this supplement with your Prospectus.



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