STRATEGIST GROWTH FUND INC
497, 2000-01-21
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PROSPECTUS SUPPLEMENT - January 21, 2000 *


Strategist Growth Fund, Inc. (September 29, 1999) S-6120 G (9/99)


The portfolio manager section of Strategist Growth Fund is revised as follows:


The Fund's assets are invested in Growth  Portfolio  (the  Portfolio),  which is
managed by AEFC. Lisa Costa,  senior portfolio  manager,  joined AEFC in January
2000.  From 1985-1999 she was vice president and portfolio  manager for Franklin
Advisors  at Franklin  Templeton  Group of Funds.  She also serves as  portfolio
manager of AXP Variable Portfolio-Growth Fund.



S-6120-31 A  (1/00)
*Valid until next prospectus update


Destroy September 29, 2000



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