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    <TRF:SupplementTextBlock contextRef="AsOf2012-09-27_S000009508Member">&lt;br /&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;The Royce Fund&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Supplement to the Prospectus Dated May 1, 2012&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Royce Select Fund I&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; 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font: 10pt Times New Roman"&gt;The annual fund operating expense table and expense example are replaced with the following:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; 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The example also assumes that your investment has a 5% return each year and that the Fund&amp;#8217;s total operating expenses remain the same. Although your actual costs may be higher or lower, based on the assumptions your costs would be:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 48%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 8%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1 Year&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 10%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;3 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 9%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;5 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 7%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;10 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 8%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$116&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 10%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$362&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 9%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$628&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 7%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$1,386&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Principal Investment Strategy&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;Previously the Fund could invest up to 10% of its assets in foreign securities. The following is added to the section of the prospectus entitled &amp;#8220;Principal Investment Strategy&amp;#8221;:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;&amp;#8220;Although the Fund normally focuses on the securities of U.S. companies, it may invest up to 15% of its net assets in foreign securities.&amp;#8221;&lt;/font&gt;&lt;br /&gt;&#13;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Primary Risks for Fund Investors&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The following disclosure relating to the risk of investing in foreign securities is added to the prospectus:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;&amp;#8220;Investment in foreign securities involves risks that may not be encountered in U.S. investments, including adverse political, social, economic or other developments that are unique to a particular region or country. Prices of foreign securities in particular countries or regions may, at times, move in a different direction and/or be more volatile than those of U.S. securities. Because the Fund does not intend to hedge its foreign currency expose, the U.S. dollar value of a Fund&amp;#8217;s investments may be harmed by declines in the value of foreign currencies in relation to the U.S. dollar.&amp;#8221;&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investment Advisory Services Provided By Royce&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The investment advisory fee rates for Royce Select Fund I are added as follows:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font id="TAB2" style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.00% of the first $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.95% of the next $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.90% of the next $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.85% of any additional net assets&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Performance Fee for Royce Select Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Responsibility for Payment of Other Ordinary Operating Expenses in Royce Select Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investing in Royce Select Funds &amp;#8211; Who May Invest in these Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;September 27, 2012&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;RS1-SUPP-0912&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;</TRF:SupplementTextBlock>
    <TRF:SupplementTextBlock contextRef="AsOf2012-09-27_S000009523Member">&lt;br /&gt;&#13;&lt;br /&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;The Royce Fund&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Supplement to the Prospectus Dated May 1, 2012&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Royce Select Fund II&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;Effective September 28, 2012, Royce Select Fund II, formerly a fund designed for &amp;#8220;qualified investors&amp;#8221;, is available to all U.S. investors.&amp;#160;&amp;#160;The prospectus for the Fund dated May 1, 2012 is revised as set forth below:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investment Goal&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The reference, &amp;#8220;a fund designed for qualified investors&amp;#8221; is deleted from the section of the prospectus entitled &amp;#8220;Investment Goal&amp;#8221;.&amp;#160;&amp;#160;This section is now as follows:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;&amp;#8220;The investment goal of Royce Select Fund II is long-term growth of capital.&amp;#8221;&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Fees and Expenses of the Fund&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The annual fund operating expense table and expense example are replaced with the following:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Management fees&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.25%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Distribution (12b-1) fees&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.00%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Other expenses&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Dividends on securities sold short&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Interest expense&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Other&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Acquired fund fees and expenses&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.07%&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.11%&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.32%&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.01%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&lt;font id="TAB1" style="margin-left: 17.6pt"&gt;&lt;/font&gt;Total annual Fund operating expenses&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;2.76%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Fee waivers and/or expense reimbursements&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;(1.08)%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 18pt; text-indent: -18pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&lt;font style="margin-left: 17.6pt"&gt;&lt;/font&gt;Total annual Fund operating expenses after fee waivers and/or expense&amp;#160;&amp;#160;reimbursements&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.68%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;For the period beginning September 28, 2012 and ending on the date that the Fund&amp;#8217;s pre-fee cumulative total return exceeds its pre-fee total return as of the day on which a fee was last accrued under its Investment Advisory Agreement dated June 30, 2005, Royce has contractually agreed, without right of termination, to waive its compensation and/or agrees to reimburse ordinary operating expenses (excluding dividend expenses relating to short sale activities, brokerage commissions, taxes, interest, litigation expenses, acquired fund fees and expenses and other expenses not borne in the ordinary course of business)relating to the Investment Class of the Fund.&amp;#160;&amp;#160;Thereafter, Royce has contractually agreed, without right of termination, to waive fees and/or reimburse expenses to the extent necessary to maintain the Investment Class&amp;#8217;s net annual operating expenses (excluding dividend expenses relating to short sale activities, brokerage commissions, taxes, interest, litigation expenses, acquired fund fees and expenses and other expenses not borne in the ordinary course of business) at or below 1.49% through April 30, 2015.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Total annual Fund operating expenses may differ from the expense ratio in the Fund&amp;#8217;s Financial Highlights because they include only the Fund&amp;#8217;s direct operating expenses and do not include acquired fund fees and expenses, which reflect the estimated amount of the fees and expenses incurred indirectly by the Fund through its investments in mutual funds, hedge funds, private equity funds and other investment companies.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&amp;#160;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;EXAMPLE&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: italic 10pt Times New Roman"&gt;This example is intended to help you compare the cost of investing in&amp;#160;the Fund with the cost of investing in other mutual funds.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: italic 10pt Times New Roman"&gt;The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&amp;#8217;s total operating expenses (net of fee waivers and/or expense reimbursements for the periods noted above) remain the same. Although your actual costs may be higher or lower, based on the assumptions your costs would be:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 51%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 9%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1 Year&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 9%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;3 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 8%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;5 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 9%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;10 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 9%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$171&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 9%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$529&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 8%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$1,145&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 9%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$2,810&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investment Advisory Services Provided By Royce&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The investment advisory fee rates for Royce Select Fund II are added as follows:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font id="TAB2" style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.25% of the first $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.20% of the next $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.15% of the next $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.10% of any additional net assets&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Performance Fee for Royce Select Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Responsibility for Payment of Other Ordinary Operating Expenses in Royce Select Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investing in Royce Select Funds &amp;#8211; Who May Invest in these Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;September 27, 2012&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;RS2-SUPP-0912&lt;/font&gt;&lt;/div&gt;</TRF:SupplementTextBlock>
    <TRF:SupplementTextBlock contextRef="AsOf2012-09-27_S000009524Member">&lt;br /&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;The Royce Fund&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Supplement to the Prospectus Dated May 1, 2012&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Royce Global Select Long/Short Fund&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;Effective September 28, 2012, Royce Global Select Long/Short Fund, formerly a fund designed for &amp;#8220;qualified investors&amp;#8221;, is available to all U.S. investors.&amp;#160;&amp;#160;The prospectus for the Fund dated May 1, 2012 is revised as set forth below:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investment Goal&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The reference, &amp;#8220;a fund designed for qualified investors&amp;#8221; is deleted from the section of the prospectus entitled &amp;#8220;Investment Goal&amp;#8221;.&amp;#160;&amp;#160;This section is now as follows:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;&amp;#8220;The investment goal of Royce Global Select Long/Short Fund is long-term growth of capital.&amp;#8221;&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Fees and Expenses of the Fund&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The annual fund operating expense table and expense example are replaced with the following:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Management fees&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.25%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Distribution (12b-1) fees&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.00%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Other expenses&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Dividend on securities sold short&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Interest expense&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Other&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.05%&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.11%&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.35%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&lt;font id="TAB1" style="margin-left: 17.6pt"&gt;&lt;/font&gt;Total annual Fund operating expenses&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.76%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Fee waivers and/or expense reimbursements&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;(0.11)%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 18pt; text-indent: -18pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&lt;font style="margin-left: 17.6pt"&gt;&lt;/font&gt;Total annual Fund operating expenses after fee waivers and/or expense reimbursements&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.65%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;For the period beginning September 28, 2012 and ending on the date that the Fund&amp;#8217;s pre-fee cumulative total return exceeds its pre-fee total return as of the day on which a fee was last accrued under its Investment Advisory Agreement dated June 30, 2005, Royce has contractually agreed, without right of termination, to waive its compensation and/or agrees to reimburse ordinary operating expenses (excluding dividend expenses relating to short sale activities, brokerage commissions, taxes, interest, litigation expenses, acquired fund fees and expenses and other expenses not borne in the ordinary course of business)relating to the Investment Class of the Fund.&amp;#160;&amp;#160;Thereafter, Royce has contractually agreed, without right of termination, to waive fees and/or reimburse expenses to the extent necessary to maintain the Investment Class&amp;#8217;s net annual operating expenses (excluding dividend expenses relating to short sale activities, brokerage commissions, taxes, interest, litigation expenses, acquired fund fees and expenses and other expenses not borne in the ordinary course of business) at or below 1.49% through April 30, 2015.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&amp;#160;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;EXAMPLE&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: italic 10pt Times New Roman"&gt;This example is intended to help you compare the cost of investing in&amp;#160;the Fund with the cost of investing in other mutual funds.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: italic 10pt Times New Roman"&gt;The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&amp;#8217;s total operating expenses (net of fee waivers and/or expense reimbursements for the periods noted above) remain the same. Although your actual costs may be higher or lower, based on the assumptions your costs would be:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 54%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 21%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1 Year&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 26%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;3 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 27%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;5 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 25%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;10 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 21%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$168&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 26%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$519&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 27%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$1,136&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 25%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$2,802&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investment Advisory Services Provided By Royce&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The investment advisory fee rates for &lt;font style="display: inline; font-weight: bold"&gt;&lt;font style="font-weight: normal"&gt;Royce Global Select Long/Short Fund&lt;/font&gt; &lt;/font&gt;are added as follows:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font id="TAB2" style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.25% of the first $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.20% of the next $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.15% of the next $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.10% of any additional net assets&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Performance Fee for Royce&amp;#160;Select&amp;#160;Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Responsibility for Payment of Other Ordinary Operating Expenses in Royce&amp;#160;Select&amp;#160;Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investing in Royce&amp;#160;Select&amp;#160;Funds &amp;#8211; Who May Invest in these Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;September 27, 2012&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;RGS-SUPP-0912&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;</TRF:SupplementTextBlock>
    <TRF:SupplementTextBlock contextRef="AsOf2012-09-27_S000019082Member">&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;The Royce Fund&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Supplement to the Prospectus Dated May 1, 2012&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Royce Enterprise Select Fund&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;Effective September 28, 2012, Royce Enterprise Select Fund, formerly a fund designed for &amp;#8220;qualified investors&amp;#8221;, is available to all U.S. investors.&amp;#160;&amp;#160;The prospectus for the Fund dated May 1, 2012 is revised as set forth below:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investment Goal&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The reference, &amp;#8220;a fund designed for qualified investors&amp;#8221; is deleted from the section of the prospectus entitled &amp;#8220;Investment Goal&amp;#8221;.&amp;#160;&amp;#160;This section is now as follows:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;&amp;#8220;The investment goal of Royce Enterprise Select Fund is long-term growth of capital.&amp;#8221;&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Fees and Expenses of the Fund&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The annual fund operating expense table and expense example are replaced with the following:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Management fees&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.00%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Distribution (12b-1) fees&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.00%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Other expenses&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Dividends on securities sold short&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Interest expense&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Other&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.00%&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.01%&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;3.23%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&lt;font id="TAB1" style="margin-left: 17.6pt"&gt;&lt;/font&gt;Total annual Fund operating expenses&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;4.24%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Fee waivers and/or expense reimbursements&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;(2.99)%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 18pt; text-indent: -18pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&lt;font style="margin-left: 17.6pt"&gt;&lt;/font&gt;Total annual Fund operating expenses after fee waivers and/or expense reimbursements&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.25%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;For the period beginning September 28, 2012 and ending on the date that the Fund&amp;#8217;s pre-fee cumulative total return exceeds its pre-fee total return as of the day on which a fee was last accrued under its Investment Advisory Agreement dated September 18, 2007, Royce has contractually agreed, without right of termination, to waive its compensation and/or agrees to reimburse ordinary operating expenses (excluding dividend expenses relating to short sale activities, brokerage commissions, taxes, interest, litigation expenses, acquired fund fees and expenses and other expenses not borne in the ordinary course of business)relating to the Investment Class of the Fund.&amp;#160;&amp;#160;Thereafter, Royce has contractually agreed, without right of termination, to waive fees and/or reimburse expenses to the extent necessary to maintain the Investment Class&amp;#8217;s net annual operating expenses (excluding dividend expenses relating to short sale activities, brokerage commissions, taxes, interest, litigation expenses, acquired fund fees and expenses and other expenses not borne in the ordinary course of business) at or below 1.24% through April 30, 2015.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&amp;#160;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;EXAMPLE&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: italic 10pt Times New Roman"&gt;This example is intended to help you compare the cost of investing in&amp;#160;the Fund with the cost of investing in other mutual funds.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: italic 10pt Times New Roman"&gt;The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&amp;#8217;s total operating expenses (net of fee waivers and/or expense reimbursements for the periods noted above) remain the same. Although your actual costs may be higher or lower, based on the assumptions your costs would be:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 55%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 12%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1 Year&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 14%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;3 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 14%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;5 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 14%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;10 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 12%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$125&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 14%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$395&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 14%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$1,321&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 14%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$3,700&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investment Advisory Services Provided By Royce&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The investment advisory fee rates for Royce Enterprise Select Fund are added as follows:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font id="TAB2" style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.00% of the first $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.95% of the next $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.90% of the next $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.85% of any additional net assets&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Performance Fee for Royce Select Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Responsibility for Payment of Other Ordinary Operating Expenses in Royce Select Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investing in Royce Select Funds &amp;#8211; Who May Invest in these Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;September 27, 2012&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;RSS-SUPP-0912&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;</TRF:SupplementTextBlock>
    <TRF:SupplementTextBlock contextRef="AsOf2012-09-27_S000029841Member">&lt;br /&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;The Royce Fund&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Supplement to the Prospectus Dated May 1, 2012&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Royce Opportunity Select Fund&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;Effective September 28, 2012, Royce Opportunity Select Fund, formerly a fund designed for &amp;#8220;qualified investors&amp;#8221;, is available to all U.S. investors.&amp;#160;&amp;#160;The prospectus for the Fund dated May 1, 2012 is revised as set forth below:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investment Goal&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The reference, &amp;#8220;a fund designed for qualified investors&amp;#8221; is deleted from the section of the prospectus entitled &amp;#8220;Investment Goal&amp;#8221;.&amp;#160;&amp;#160;This section is now as follows:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;&amp;#8220;The investment goal of Royce Opportunity Select Fund is long-term growth of capital.&amp;#8221;&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Fees and Expenses of the Fund&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The annual fund operating expense table and expense example are replaced with the following:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Management fees&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.00%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Distribution (12b-1) fees&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.00%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Other expenses&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Dividends on securities sold short&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Interest expense&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Other&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Acquired fund fees and expenses&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.08%&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.10%&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.63%&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.02%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&lt;font id="TAB1" style="margin-left: 17.6pt"&gt;&lt;/font&gt;Total annual Fund operating expenses&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;2.83%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Fee waivers and/or expense reimbursements&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;(1.39)%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 60%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 18pt; text-indent: -18pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;&lt;font style="margin-left: 17.6pt"&gt;&lt;/font&gt;Total annual Fund operating expenses after fee waivers and/or expense reimbursements&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: right; vertical-align: bottom; width: 18%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: right"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.44%&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;For the period beginning September 28, 2012 and ending on the date that the Fund&amp;#8217;s pre-fee cumulative total return exceeds its pre-fee total return as of the day on which a fee was last accrued under its Investment Advisory Agreement dated August 20, 2010, Royce has contractually agreed, without right of termination, to waive its compensation and/or agrees to reimburse ordinary operating expenses (excluding dividend expenses relating to short sale activities, brokerage commissions, taxes, interest, litigation expenses, acquired fund fees and expenses and other expenses not borne in the ordinary course of business)relating to the Investment Class of the Fund.&amp;#160;&amp;#160;Thereafter, Royce has contractually agreed, without right of termination, to waive fees and/or reimburse expenses to the extent necessary to maintain the Investment Class&amp;#8217;s net annual operating expenses (excluding dividend expenses relating to short sale activities, brokerage commissions, taxes, interest, litigation expenses, acquired fund fees and expenses and other expenses not borne in the ordinary course of business) at or below 1.24% through April 30, 2015.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;Total annual Fund operating expenses may differ from the expense ratio in the Fund&amp;#8217;s Financial Highlights because they include only the Fund&amp;#8217;s direct operating expenses and do not include acquired fund fees and expenses, which reflect the estimated amount of the fees and expenses incurred indirectly by the Fund through its investments in mutual funds, hedge funds, private equity funds and other investment companies.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&amp;#160;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td colspan="2" style="text-align: left; vertical-align: top; width: 78%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;EXAMPLE&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: italic 10pt Times New Roman"&gt;This example is intended to help you compare the cost of investing in&amp;#160;the Fund with the cost of investing in other mutual funds.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: italic 10pt Times New Roman"&gt;The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&amp;#8217;s total operating expenses (net of fee waivers and/or expense reimbursements for the periods noted above) remain the same. Although your actual costs may be higher or lower, based on the assumptions your costs would be:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 45%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 23%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1 Year&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 25%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;3 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 27%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;5 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 19%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;10 Years&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 23%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$147&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 25%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$454&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 27%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$1,088&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;td style="text-align: left; vertical-align: top; width: 19%; border-bottom: black 2px solid"&gt;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;$2,797&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investment Advisory Services Provided By Royce&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The investment advisory fee rates for Royce Opportunity Select Fund are added as follows:&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div&gt;&#13;&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"&gt;&#13;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font id="TAB2" style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;1.00% of the first $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.95% of the next $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.90% of the next $2,000,000,000&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;tr&gt;&#13;&lt;td style="vertical-align: top; width: 80%"&gt;&#13;&lt;div style="margin-left: 36pt; text-indent: 18pt"&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;-&lt;/font&gt;&lt;font style="color: black; letter-spacing: 9pt"&gt;&amp;#160;&lt;/font&gt;&lt;font style="display: inline; font: 10pt times new roman"&gt;0.85% of any additional net assets&lt;/font&gt;&lt;/div&gt;&#13;&lt;/td&gt;&#13;&lt;/tr&gt;&lt;/table&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Performance Fee for Royce Select Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Responsibility for Payment of Other Ordinary Operating Expenses in Royce Select Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; text-indent: 0pt"&gt;&lt;br /&gt;&#13;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: bold 10pt Times New Roman"&gt;Investing in Royce Select Funds &amp;#8211; Who May Invest in these Funds&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;The above referenced section is hereby deleted.&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;September 27, 2012&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left"&gt;&lt;font style="display: inline; font: 10pt Times New Roman"&gt;ROS-SUPP-0912&lt;/font&gt;&lt;/div&gt;&#13;&#13;&lt;div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify"&gt;&amp;#160;&lt;/div&gt;</TRF:SupplementTextBlock>
    <rr:ManagementFeesOverAssets contextRef="AsOf2012-09-27_S000009508Member_C000026000Member" unitRef="Ratio" decimals="INF">0.0100</rr:ManagementFeesOverAssets>
    <rr:ManagementFeesOverAssets contextRef="AsOf2012-09-27_S000009523Member_C000026036Member" unitRef="Ratio" decimals="INF">0.0125</rr:ManagementFeesOverAssets>
    <rr:ManagementFeesOverAssets contextRef="AsOf2012-09-27_S000009524Member_C000026037Member" unitRef="Ratio" decimals="INF">0.0125</rr:ManagementFeesOverAssets>
    <rr:ManagementFeesOverAssets contextRef="AsOf2012-09-27_S000019082Member_C000052766Member" unitRef="Ratio" decimals="INF">0.0100</rr:ManagementFeesOverAssets>
    <rr:ManagementFeesOverAssets contextRef="AsOf2012-09-27_S000029841Member_C000091764Member" unitRef="Ratio" decimals="INF">0.0100</rr:ManagementFeesOverAssets>
    <rr:DistributionAndService12b1FeesOverAssets contextRef="AsOf2012-09-27_S000009508Member_C000026000Member" unitRef="Ratio" decimals="INF">0.0000</rr:DistributionAndService12b1FeesOverAssets>
    <rr:DistributionAndService12b1FeesOverAssets contextRef="AsOf2012-09-27_S000009523Member_C000026036Member" unitRef="Ratio" decimals="INF">0.0000</rr:DistributionAndService12b1FeesOverAssets>
    <rr:DistributionAndService12b1FeesOverAssets contextRef="AsOf2012-09-27_S000009524Member_C000026037Member" unitRef="Ratio" decimals="INF">0.0000</rr:DistributionAndService12b1FeesOverAssets>
    <rr:DistributionAndService12b1FeesOverAssets contextRef="AsOf2012-09-27_S000019082Member_C000052766Member" unitRef="Ratio" decimals="INF">0.0000</rr:DistributionAndService12b1FeesOverAssets>
    <rr:DistributionAndService12b1FeesOverAssets contextRef="AsOf2012-09-27_S000029841Member_C000091764Member" unitRef="Ratio" decimals="INF">0.0000</rr:DistributionAndService12b1FeesOverAssets>
    <rr:Component1OtherExpensesOverAssets contextRef="AsOf2012-09-27_S000009508Member_C000026000Member" unitRef="Ratio" decimals="INF">0.0000</rr:Component1OtherExpensesOverAssets>
    <rr:Component1OtherExpensesOverAssets contextRef="AsOf2012-09-27_S000009523Member_C000026036Member" unitRef="Ratio" decimals="INF">0.0007</rr:Component1OtherExpensesOverAssets>
    <rr:Component1OtherExpensesOverAssets contextRef="AsOf2012-09-27_S000009524Member_C000026037Member" unitRef="Ratio" decimals="INF">0.0005</rr:Component1OtherExpensesOverAssets>
    <rr:Component1OtherExpensesOverAssets contextRef="AsOf2012-09-27_S000019082Member_C000052766Member" unitRef="Ratio" decimals="INF">0.0000</rr:Component1OtherExpensesOverAssets>
    <rr:Component1OtherExpensesOverAssets contextRef="AsOf2012-09-27_S000029841Member_C000091764Member" unitRef="Ratio" decimals="INF">0.0008</rr:Component1OtherExpensesOverAssets>
    <rr:ExpensesOverAssets contextRef="AsOf2012-09-27_S000009508Member_C000026000Member" unitRef="Ratio" decimals="INF">0.0114</rr:ExpensesOverAssets>
    <rr:ExpensesOverAssets contextRef="AsOf2012-09-27_S000009523Member_C000026036Member" unitRef="Ratio" decimals="INF">0.0276</rr:ExpensesOverAssets>
    <rr:ExpensesOverAssets contextRef="AsOf2012-09-27_S000009524Member_C000026037Member" unitRef="Ratio" decimals="INF">0.0176</rr:ExpensesOverAssets>
    <rr:ExpensesOverAssets contextRef="AsOf2012-09-27_S000019082Member_C000052766Member" unitRef="Ratio" decimals="INF">0.0424</rr:ExpensesOverAssets>
    <rr:ExpensesOverAssets contextRef="AsOf2012-09-27_S000029841Member_C000091764Member" unitRef="Ratio" decimals="INF">0.0283</rr:ExpensesOverAssets>
    <rr:FeeWaiverOrReimbursementOverAssets contextRef="AsOf2012-09-27_S000009523Member_C000026036Member" unitRef="Ratio" decimals="INF">-0.0108</rr:FeeWaiverOrReimbursementOverAssets>
    <rr:FeeWaiverOrReimbursementOverAssets contextRef="AsOf2012-09-27_S000009524Member_C000026037Member" unitRef="Ratio" decimals="INF">-0.0011</rr:FeeWaiverOrReimbursementOverAssets>
    <rr:FeeWaiverOrReimbursementOverAssets contextRef="AsOf2012-09-27_S000019082Member_C000052766Member" unitRef="Ratio" decimals="INF">-0.0299</rr:FeeWaiverOrReimbursementOverAssets>
    <rr:FeeWaiverOrReimbursementOverAssets contextRef="AsOf2012-09-27_S000029841Member_C000091764Member" unitRef="Ratio" decimals="INF">-0.0139</rr:FeeWaiverOrReimbursementOverAssets>
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</xbrli:xbrl>
