TEMPORARY INVESTMENT FUND INC
497, 1995-07-27
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<PAGE>   1
 
                             TEMPFUND AND TEMPCASH
                        Investment Portfolios Offered By
                        Temporary Investment Fund, Inc.
 
                                 Supplement to
                      STATEMENT OF ADDITIONAL INFORMATION
                             Dated January 13, 1995
 
     The following supplements the information appearing in the Statement of
Additional Information (the "SAI"). Except as otherwise provided herein, all
capitalized terms have the meanings set forth in the SAI.
 
   From time to time in advertisements, sales literature and communications to
   shareholders, the Funds may compare their total returns to rankings prepared
   by independent services or other financial or industry publications that
   monitor the performance of mutual funds. For example, such data is found in
   IBC/Donoghue's Money Fund Report and reports prepared by Lipper Analytical
   Services, Inc. Total return is the change in value of an investment in a Fund
   over a particular period, assuming that all distributions have been
   reinvested. SUCH RANKINGS REPRESENT THE FUNDS' PAST PERFORMANCE AND SHOULD
   NOT BE CONSIDERED AS REPRESENTATIVE OF FUTURE RESULTS.
 
   The following information has been provided by the Funds' distributor:
 
     In managing each Fund's portfolio, the investment adviser
     utilizes a "pure and simple" approach, which may include
     disciplined research, stringent credit standards and careful
     management of maturities.
 
       The date of this Supplement is July 27, 1995.
 


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