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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950123-98-008974.txt : 19981015
<SEC-HEADER>0000950123-98-008974.hdr.sgml : 19981015
ACCESSION NUMBER:		0000950123-98-008974
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19981014
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MERGER FUND
		CENTRAL INDEX KEY:			0000701804
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				146117490
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	002-76969
		FILM NUMBER:		98725322

	BUSINESS ADDRESS:	
		STREET 1:		615 E MICHIGAN ST
		STREET 2:		100 SUMMIT LAKE DR
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
		BUSINESS PHONE:		414-287-38

	MAIL ADDRESS:	
		STREET 1:		FIRSTAR TRUST COMPANY
		STREET 2:		615 E. MICHIGAN ST.
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AYCO FUND
		DATE OF NAME CHANGE:	19890223
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>SUPPLEMENT
<TEXT>

<PAGE>   1
                                The Merger Fund
                             100 Summit Lake Drive
                            Valhalla, New York 10595


                       Supplement dated October 14, 1998
                     to Prospectus dated December 30, 1997


 Effective the date hereof, The Merger Fund will resume sales to new investors.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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