STRATEGIST WORLD FUND INC
497, 1997-10-20
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Prospectus Supplement

October 17, 1997*
Strategist World Fund, Inc. (June 27, 1997) S-6131 C (6/97)

The "Portfolio manager" section of the above prospectus is revised to delete the
reference to Richard Lazarchic and to add the following:

Portfolio manager

John  O'Brien  joined AEFC in 1988 and serves as vice  president  and  portfolio
manager for  American  Express  Asset  Management  International  Inc. He became
portfolio manager of World Growth Portfolio in September 1997. He also serves as
portfolio  manager of IDS Global Growth Fund and IDS Life  International  Equity
Portfolio.
















S-6131-1 A (10/97)
*Valid until next prospectus update

Destroy Dec. 20, 1997



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