Sunstone Financial Group, Inc.
207 East Buffalo Street, Suite 400
Milwaukee, Wisconsin 53202
(414) 271-5885
November 6, 1996
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
Re: KEELEY Small Cap Value Fund, Inc.
(33-63562; 811-7760)
Filing Under Rule 497(e) of the Securities Act of 1933
Gentlemen:
On behalf of the above-referenced registered investment company, transmitted
herewith for filing pursuant to Rule 497(e) under the Securities Act of 1933, as
amended, is a Supplement dated November 6, 1996 to the Statement of Additional
Information dated January 5, 1996. Questions regarding this filing may be
directed to the undersigned at (414) 271-5885.
Very truly yours,
/s/ Richard P. Snyder
Richard P. Snyder
Client Services and Accounting Manager
RPS/sl
cc: Steve Goodman
Mary Filice
KEELEY SMALL CAP VALUE FUND, INC.
SUPPLEMENT DATED NOVEMBER 6, 1996 TO THE STATEMENT OF ADDITIONAL INFORMATION
JANUARY 5, 1996
The Board of Directors has elected Elwood P. Walmsley to serve as a Director of
the Fund effective November 4, 1996. The following biographical information for
Mr. Walmsley should be added to page 9 of the Statement of Addition Information:
Positions Held Principal Occupations
Name and Address with Fund and Other Affiliations
- ---------------- -------------- ----------------------
Elwood P. Walmsley Director Director of Sales, Miles
166 East Hillside Road Laboratories
Barrington, Illinois 60010
The following paragraph should replace the last paragraph on page 9 of the
Statement of Additional Information:
Mr. O'Brien is a general partner in a limited partnership that is a limited
partner in an investment partnership in which Mr. Keeley and the Adviser are
general partners. Such investments were made under the same terms and
conditions applicable to all other partners, Mr. Keeley is a limited partner in
a commodity trading partnership in which Mr. O'Brien is the general partner.
Such investment by Mr. Keeley was made under the same terms and conditions
applicable to all the other limited partners.
