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Previous: WPS RESOURCES CORP, 10-Q, 1994-10-31 |
Next: DEFINED ASSET FUNDS MUNICIPAL INVT TR FD INTERM TERM SER 241, 497, 1994-10-31 |
<PAGE> 1
VANGUARD TAX-MANAGED FUND, INC.
PROSPECTUS SUPPLEMENT
NOVEMBER, 2, 1994
FOR RESIDENTS OF MINNESOTA:
Vanguard Tax-Managed Fund, Inc., as a mutual fund investing in common stocks and
municipal securities (Balanced Portfolio only), is subject to certain risks.
Please see the paragraph entitled "Risk Characteristics" in the "Highlights"
section on page 2 of the prospectus and the prospectus section entitled
"Investment Risks" on page 9.
TMMN
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