Exhibit (a)(iv)
                              ARTICLES OF AMENDMENT
                                     TO THE
                            ARTICLES OF INCORPORATION
                                       OF
                     SPIRIT OF AMERICA INVESTMENT FUND, INC.


         THIS IS TO CERTIFY that Spirit of America Investment Fund, Inc., a
Maryland corporation ("Corporation") having its principal office in Syosset, New
York, hereby certifies to the State Department of Assessments and Taxation of
Maryland that:

         FIRST: The designation of each of the Corporation's existing classes of
shares of capital stock is hereby amended from "Class A shares" and "Class B
shares" to "Spirit of America Real Estate Fund - Class A Shares" and "Spirit of
America Real Estate Fund - Class B Shares," respectively, with the effect that
the name of each such class changes as follows:



         From:                   To:
         -----                   ---
                              
         Class A shares          Spirit of America Real Estate Fund - Class A Shares
         Class B shares          Spirit of America Real Estate Fund - Class B Shares



         SECOND: The foregoing amendment does not change the preferences,
conversion or other rights, voting powers, restrictions, limitations as to
dividends, qualifications, or terms or conditions of redemption of the capital
stock of the Corporation.

         THIRD: A majority of the entire Board of Directors of the Corporation,
at a meeting duly convened and held on June 12, 2002, approved the foregoing
amendments to the Articles of Incorporation of the Corporation and duly adopted
a resolution in which were set forth the foregoing amendments to the Articles of
Incorporation of the Corporation, declaring that said amendments as proposed
were advisable.

         FOURTH: The foregoing amendments to the Articles of Incorporation of
the Corporation are limited to changes expressly permitted by ss.2-605(a)(1) and
(a)(2) of the General Corporation Law of Maryland to be made without action by
stockholders and the Corporation is registered as an open-end company under the
Investment Company Act of 1940, as amended.

         IN WITNESS WHEREOF, Spirit of America Investment Fund, Inc. has caused
these presents to be signed in its name and on its behalf by its President and
witnessed by its Secretary on July 16, 2002.

WITNESS:

/s/ Constance Ferreira                       By:      /s/ David Lerner
--------------------------------                      -----------------------
Constance Ferreira, Secretary                         David Lerner, President



         THE UNDERSIGNED, President of Spirit of America Investment Fund, Inc.,
who executed on behalf of the Corporation the foregoing amendments to the
Articles of Incorporation of which this Certificate is made a part, hereby
acknowledges in the name and on behalf of said Corporation the foregoing
amendments to the Articles of Incorporation to be the corporate act of said
Corporation and hereby certifies that the matters and facts set forth herein
with respect to the authorization and approval thereof are true in all material
respects under the penalties of perjury.

                                                  By:   /s/ David Lerner
                                                        -----------------------
                                                        David Lerner, President

Syosset, New York (ss)

Subscribed and sworn to before me this 16 day of July, 2002.

/s/ Trudy Franco
------------------
Notary Public

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