LEXINGTON EMERGING MARKETS FUND INC
497, 1996-01-12
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                  Lexington Emerging Markets Fund, Inc.
                   Supplement dated December 13, 1995
      to The Statement of Additional Information dated May 1, 1995


Investment Adviser, Distributor & Administrator



Lexington Management Corporation and Lexington Funds Distributor, Inc. are 
wholly-owned subsidiaries of Lexington Global Asset Managers, Inc., a  
publicly traded corporation. Descendants of Lunsford Richardson, Sr., their 
spouses, trusts and other related entities have a majority voting control 
of the outstanding shares of Lexington Global Asset Managers, Inc.



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