THE GRIFFIN FUNDS, INC.
Supplement dated July 29, 1996 to
Prospectus dated January 31, 1996, as supplemented March 29, 1996
The Prospectus is hereby supplemented as follows:
1. By deleting the discussion regarding Jonathan M. Greene in the
section entitled "The Funds in Detail -- Service Providers" and inserting the
following in its place:
The Growth Fund is managed by an Investment Advisory Committee
composed of the following members: Richard T. Whitney, Chairman,
Donald J. Peters and K.D. Farrow. As Committee Chairman,
Mr. Whitney has primary responsibility for managing the portfolio
and works with the Committee on developing and executing the
Growth Fund's investment program. Mr. Whitney has been the
Chairman of the Growth Fund's Investment Advisory Committee since
March 1996. Mr. Whitney has held the position of Managing
Director of T. Rowe Price since October 1995. From April 1991 to
October 1995, Mr. Whitney was a Vice President of T. Rowe Price.
2. By deleting the third sentence of the second to last paragraph under
the heading "Fund Account Policies -- Sales Load Reductions and Waivers -
Reduced Sales Load - Class A Shares" and inserting the following sentence in its
place:
Such sales also may be made to employee pension, profit sharing,
or stock bonus plans qualified under Section 401(a) of the
Internal Revenue Code of 1986, as amended (the "Code"),
governmental plans within the meaning of Section 414(d) of the
Code, simplified employee pensions within the meaning of Section
408(k) of the Code and to any investment advisory, trust or other
fiduciary account (other than an individual retirement account)
provided that such plan, pension or account is sponsored,
serviced, administered, maintained, managed or advised by H.F.
Ahmanson & Company or its affiliates.
3. By adding the following sentence to the end of the second paragraph
under the heading "Fund Account Policies -- Contingent Deferred Sales Charge -
Class B Shares":
The CDSC also is waived on redemptions of Class B Shares where the
entire proceeds of such redemptions are invested, through a
Portfolio Builder Account, in shares of a Griffin Money Market
Fund, Class A Shares of a Non-Money Market Fund or any other Fund
available through a Portfolio Builder Account.
4. By adding the following sentence as a new final paragraph under the
heading "Your Fund Account -- How to Purchase Shares":
From time to time, shares of Griffin Money Market Fund and Griffin
Tax-Free Money Market Fund also may be available for purchase
through various sweep and cash management programs offered by
various entities, including Griffin Financial and its affiliates,
on terms specified in those programs.
5. By adding the following sentence as a new final paragraph under the
heading "Your Fund Account -- How to Redeem Shares":
Certain purchase, redemption and exchange features (e.g.,
checkwriting (if applicable), automatic investment, systematic
withdrawal, etc.) generally available to shareholders of Griffin
Money Market Fund and Griffin Tax-Free Money Market Fund may not
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be available to investors who purchase shares of such Funds
through a sweep or other cash management program offered by
various entities, including Griffin Financial and its affiliates.
