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SUPPLEMENT TO THE PROSPECTUS DATED MAY 31, 1996
OF AMERICAN HERITAGE GROWTH FUND, INC.
Richard K. Parker has resigned as the President and Treasurer of the Fund
and The American Heritage Fund, Inc. ("AHF") and as President, Treasurer and
director of American Heritage Management Corporation ("AHMC") for personal
reasons. Mr. Parker has transferred his equity ownership in AHMC to Northern
Westchester Industries, Inc., a newly organized corporation all of the
outstanding shares of which are owned by him. Heiko H. Thieme will remain as the
Chairman of the Board of Directors, Chief Executive Officer and Secretary of
both the Fund and AHMC and will continue to be primarily responsible for the
Fund's portfolio. Mr. Parker will continue to serve as a member of the Board of
Directors of the Fund and AHF.
February 28, 1997
