March 15, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, DC 20549
Re: The OFFIT Investment Fund, Inc.
Registration No. 33-70116, 811-8036
Dear Sir or Madam:
On behalf of the OFFIT Investment Fund, Inc. (the
"Registrant"), and pursuant to Rule 497 (e) under the Securities
Act of 1933, as amended, the undersigned hereby submits this
filing with respect to the Registrant's statement of additional
information, dated April 30, 1999, as supplemented October 20,
1999. In the event you have any questions concerning this
filing, please do not hesitate to call me at 302-791-1079.
Very truly yours,
/s/ David C. Lebisky
David C. Lebisky
Assistant Secretary
cc: Kevin Rupert, Division of Investment Management
Stephen Wells, Esq.
Vincent M. Rella
Michael Kagan
Peter J. O'Rourke, Esq.
THE OFFIT INVESTMENT FUND, INC.
(the "Company")
Supplement dated March 15, 2000 to the
Statement of Additional Information of the Company
dated April 30, 1999
as supplemented October 20, 1999
On March 14, 2000, the Board of Directors of the Company
approved a revision to the Statement of Additional Information
(the "SAI") in order to clarify the first restriction under
FUNDAMENTAL INVESTMENT POLICIES on page 15 of the SAI.
Currently, the term "industry" in the first restriction is not
defined for purposes of applying the restriction and OFFITBANK
(the "Adviser") has generally taken the position that the
Standard Industry Classification codes published by the
Securities and Exchange Commission should control. Accordingly,
the following sentence is added as the final sentence of the
final paragraph under FUNDAMENTAL INVESTMENT POLICIES on page 16
of the SAI:
"For purposes of determining whether the limitation
discussed in restriction number 1 above is met, a Fund
considers each issuer to be a member of the industry
designated by its Standard Industry Classification
("SIC") code and will apply the 25% limitation on a
SIC by SIC basis."
