-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Ry3oaHG4HXR9p08TNv7FB/0JZLQwpIapb4MS3Xng0u7DmbU9wgP4pS+Szpg9c73V
 vW6IcpkEJoh/GqYoh3sW5g==

<SEC-DOCUMENT>0000930413-99-000055.txt : 19990121
<SEC-HEADER>0000930413-99-000055.hdr.sgml : 19990121
ACCESSION NUMBER:		0000930413-99-000055
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19990120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALGER FUND
		CENTRAL INDEX KEY:			0000003521
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-04959
		FILM NUMBER:		99508689

	BUSINESS ADDRESS:	
		STREET 1:		75 MAIDEN LN
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10038
		BUSINESS PHONE:		2128068800
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>497(E)
<TEXT>

                                 THE ALGER FUND


                       SUPPLEMENT DATED JANUARY 20, 1999
                   TO THE PROSPECTUS DATED FEBRUARY 25, 1998
                        AS SUPPLEMENTED ON MAY 18, 1998,
                        AUGUST 5, 1998, AUGUST 20, 1998
                             AND DECEMBER 21, 1998


     The  following  modifies  the  information   contained  in  the  Prospectus
Supplement of December 21, 1998:


          Certificates  will not be  available  for  Class A or Class C  shares.
     Certificates  for Class B shares are available only upon written request to
     the  Transfer  Agent.  Certificates  will not be available  for  fractional
     shares.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----