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Prospectus Supplement
October 1, 1997*
Strategist Growth and Income Fund, Inc. (Nov. 29, 1996)
Form No. S-6122 C (11/96)
The "Portfolio manager" section of the prospectus is revised to delete the
references to Paul Hopkins and William Westhoff and to add the following:
Portfolio manager
Peter Lamaison and the London team are responsible for the international
equities portion of Total Return Portfolio.
Peter Lamaison joined AEFC in 1981 and currently serves as portfolio manager. He
provides day-to-day portfolio management for the international equities portion
of Total Return Portfolio. He also serves as president and chief executive
officer of American Express Asset Management International Inc.
S-6122 1 C (10/97)
*Valid until next prospectus update
Destroy Nov. 28, 1997
