TEMPORARY INVESTMENT FUND INC
497, 1998-05-18
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                                                       Kayne Anderson
                                                       Money Market Account




No person has been authorized to give any
information or to make any representations
not contained in this Prospectus, or the
Fund's Statement of Additional Information
incorporated herein by reference, in connection           
with the offering made by this Prospectus and,
if given or made, such information or
representation must not be relied upon as
having been authorized by the Fund or its
Distributor. This Prospectus does not constitute
an offering by the Fund or by the Distributor
in any jurisdiction in which such offering may
not be lawfully be made.

An investment in the Fund is neither insured
nor guaranteed by the U.S. Government and there
can be no assurance that the Fund will be able
to maintain a stable net asset value of $1.00
per share.


                                                       in the TempCash portfolio
                                                       (Dollar shares)




                                                       January 31, 1998


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Account Information:


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The minimum investment in the Kayne Anderson Money Market
Account is $2,000 except for retirement and custodial accounts
which require a minimum of $1,000 (subsequent investments are
$250 and $100 respectively).


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Shareholders should phone (800)395-3807 for information
regarding their holdings in their Kayne Anderson Money Market
Account.


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