Filing by Rule 497(e) of the 1933 Act
File Nos. 33-71144 and 811-8124
SUPPLEMENT DATED MAY 26, 1998
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TO THE
STATEMENT OF ADDITIONAL INFORMATION
DATED: MAY 1, 1998
SOUTH DAKOTA TAX-FREE FUND, INC.
The South Dakota Tax-Free Fund, Inc. has made the following changes in its
investment restrictions.
1. The investment restriction limiting its investments in participation
interests in municipal securities to 5% of net assets has been eliminated.
It is to be replaced by the following limitation:
2. Not more than 5% of the net assets of the Fund will be invested in
municipal lease obligations with non-appropriation clauses.
Please retain this supplement for future reference.
