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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000891092-02-000937.txt : 20020807
<SEC-HEADER>0000891092-02-000937.hdr.sgml : 20020807
<ACCEPTANCE-DATETIME>20020807140402
ACCESSION NUMBER:		0000891092-02-000937
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20020807

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MUTUAL OF AMERICA INVESTMENT CORP
		CENTRAL INDEX KEY:			0000795259
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-06486
		FILM NUMBER:		02721600

	BUSINESS ADDRESS:	
		STREET 1:		320 PARK AVENUE
		STREET 2:		320 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		(212)224-1600

	MAIL ADDRESS:	
		STREET 1:		320 PARK AVENUE
		STREET 2:		320 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>e13690.txt
<DESCRIPTION>FORM 497
<TEXT>

                    MUTUAL OF AMERICA INVESTMENT CORPORATION

                      Supplement, dated August 7, 2002, to
             Statement of Additional Information, dated May 1, 2002

Mutual of America Investment Corporation modifies the first sentence on page 26
of its Statement of Additional Information, dated May 1, 2002, to read as
follows:

      Composite Fund: Performance is compared to the S&P 500 Index, the Lehman
      Brothers Aggregate Bond Index and the 90-day Treasury bill rate, beginning
      in the year 2002.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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