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Statement of Additonal Information Supplement
- -Oct. 26, 1999*
Strategist Income Fund, Inc.
Strategist Government Income Fund (July 30, 1999) S-6124-20 E (7/99)
The non-fundamental investment policy for Strategist Government Income Fund,
"The Fund will not buy on margin or sell short, except the Fund may enter into
interest rate futures contracts" in the Investment Strategies and Types of
Investments section is revised to state:
o The Fund will not buy on margin, but it may make margin payments
in connection with interest rate futures contracts.
The table on page 8 that shows various investment strategies and types of
investments that the Fund is allowed to engage in is revised to indicate that
Strategist Government Income Fund can engage in short sales.
S-6124- 22 A (10/99)
*Valid until next Statement of Additional Information update
Destroy July 28, 2000
