THE ALGER RETIREMENT FUND
SUPPLEMENT DATED NOVEMBER 12, 1999 TO THE PROSPECTUS DATED MARCH 1, 1999, AS
SUPPLEMENTED APRIL 27, 1999
The Section entitled "Investments: The Alger Retirement Fund" on pages 2-3 of
the Prospectus is hereby supplemented as follows:
Although the fundamental policies of the Fund applicable to the Alger Capital
Appreciation Retirement Portfolio permit the Portfolio to employ leveraging - -
that is, borrowing money to purchase additional securities - - effective
immediately, the Portfolio will discontinue any use of this investment
technique.
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THE ALGER RETIREMENT FUND
SUPPLEMENT DATED NOVEMBER 12, 1999 TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED MARCH 1, 1999, AS SUPPLEMENTED APRIL 27, 1999
The Sections entitled "The Portfolios" and "Investment Strategies and Policies"
on pages 2-10 of the Statement of Additional Information are hereby supplemented
as follows:
Although the fundamental policies of the Fund applicable to the Alger Capital
Appreciation Retirement Portfolio permit the Portfolio to trade in options on
securities, securities indexes and futures, to enter into futures contracts, to
sell securities short against the box, and to employ leveraging - - that is,
borrowing money to purchase additional securities - - effective immediately, the
Portfolio will discontinue any use of these investment techniques.
