January 5, 1999
LEXINGTON INTERNATIONAL FUND, INC.
SUPPLEMENT TO
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 1998
[Sections of the Prospectus and Statement of Additional Information entitled
"Management Fees and Other Expenses" and "Investment Adviser, Distributor and
Administrator", respectively, relating to expense limitation have been amended
as follows]:
Effective January 1, 1999, Lexington Management Corporation has agreed to
reduce its management fee if necessary to keep total annual operating expenses
at or below two and one-half percent (2.50%) of the Fund's average daily net
assets (exclusive of 12b-1 distribution fees). Prior to January 1, 1999,
Lexington Management Corporation absorbed the operating expenses that were in
excess of one and three quarters percent (1.75%).
