Supplement, dated July 28, 1998, to the prospectus, dated May 1, 1998
of
Tri-Continental Corporation (the "Corporation")
Effective immediately, the following supersedes and replaces the
information contained in the fifth paragraph set forth in the Fund's prospectus
under "Management of the Corporation--The Manager."
Rodney D. Collins, Vice President, Investment Officer of the Manager,
is Co-Portfolio Manager of the Corporation. Mr. Collins is also Co-Portfolio
Manager of Seligman Common Stock Fund, Inc., Seligman Income Fund, Inc., and
the Seligman Common Stock Portfolio and Seligman Income Portfolio of Seligman
Portfolios, Inc. Mr. Collins joined the Manager in 1992 as an investment
associate.
CETRIS1-7/98
