FRED ALGER
& COMPANY,
INCORPORATED
Administrative Office: Executive Office:
30 Montgomery Street 1 World Trade Center
Jersey City, New Jersey 07302 Suite 9333
(201) 547-3600 New York, New York 10048
Fax (201) 434-1459 (212) 806-8800
Fax (212)269-0420
Member New York Stock Exchange
June 21, 2000
VIA EDGAR
Securities and Exchange Commission
450 Fifth St., N.W.
Washington, DC 20549
RE: THE ALGER RETIREMENT FUND (the "Fund")
FILE NO. 33-68124
FILE NO. 811-7986
Dear Sir or Madam:
On behalf of the above-referenced Fund, we hereby transmit for filing
pursuant to Rule 497(e) of the Securities Act of 1933, a supplement to the
Prospectus for the above referenced Fund. This supplement indicates replacement
of one of the Fund's Portfolio Managers.
If you require additional information, please do not hesitate to call
me at (800) 223-3810.
Very truly yours,
/s/ ERIC SANDERS
----------------
Eric Sanders
Associate Counsel
Enclosure
<PAGE>
THE ALGER RETIREMENT FUND
SUPPLEMENT DATED JUNE 21, 2000 TO THE PROSPECTUS DATED FEBRUARY 25, 2000
The paragraph on page 6 of The Alger Retirement Fund's Prospectus under the
heading "Portfolio Managers" is hereby amended to read as follows:
David Alger, Seilai Khoo, Ron Tartaro and Bonnie Smithwick are the
individuals responsible for the day-to-day management of portfolio investments.
Mr. Alger, a co-manager of all of the portfolios since their inceptions, has
been employed by the Manager as Executive Vice President and Director of
Research since 1971, and as President since 1995. Ms. Khoo, a co-manager of the
Capital Appreciation Portfolio, has been employed by Alger Management since
1989, as a senior research analyst until 1995 and as a Senior Vice President and
portfolio manager since 1995. Mr. Tartaro, a co-manager of the MidCap Growth and
Growth Portfolios, has been employed by Alger Management since 1990, as a senior
research analyst until 1995 and as a Senior Vice President and portfolio manager
since 1995. Ms. Smithwick, a co-manager of the Small Cap Portfolio, has been
employed by the Manager as a portfolio manager since June 2000.
