THE ALGER RETIREMENT FUND
SUPPLEMENT DATED SEPTEMBER 29, 1999 TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED MARCH 1, 1999, AS SUPPLEMENTED APRIL 27, 1999
The following supplements and should be read immediately following the first
paragraph in the section of The Alger Retirement Fund's Statement of Additional
Information entitled "Expenses":
The Fund may compensate certain entities other than Alger Inc. and its
affiliates for providing recordkeeping and/or administrative services to
participating retirement plans. This compensation may be paid at an annual rate
of up to .25% of the net asset value of shares of the Fund held by those plans.
