July 19, 1996
                        PREMIER GROWTH FUND, INC.
                        SUPPLEMENT TO PROSPECTUS
                          DATED MARCH 1, 1996
        THE FOLLOWING INFORMATION SUPERSEDES OR REPLACES ANY CONTRARY 
INFORMATION CONTAINED IN THE SECTION OF THE FUND'S PROSPECTUS ENTITLED "HOW 
TO BUY SHARES -- CLASS A SHARES."
        Effective immediately, a CDSC of 1% will be assessed at the time of 
redemption of Class A shares purchased without an initial sales charge as 
part of an investment of at least $1,000,000 and redeemed within one year of 
purchase.
                                                     070s071996



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