TEMPORARY INVESTMENT FUND INC
497, 1996-08-30
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                                                   FILED PURSUANT TO RULE 497(e)
                                                   1933 ACT FILE NO. 2-47015
                                                   1940 ACT FILE NO. 811-2354






                                    TEMPFUND
                                    TEMPCASH


                        Investment Portfolios Offered by
                         Temporary Investment Fund, Inc.


                                Supplement to the
                       STATEMENT OF ADDITIONAL INFORMATION
                             Dated January 26, 1996
                            (As revised May 22, 1996)


           The following supplements the information appearing in the
                      Statement of Additional Information:



          Neither Fund will invest in inverse floaters, range notes or
                     mortgage derived interest-only notes.




                 The date of this Supplement is August 30, 1996.




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