SOGEN FUNDS, INC.

                       Supplement dated August 13, 1998
                                      to
                        Prospectus dated July 31, 1998

                           SOGEN INTERNATIONAL FUND
                              SOGEN OVERSEAS FUND
                                SOGEN GOLD FUND
                               SOGEN MONEY FUND


      On August 13, 1998, Societe Generale Asset Management S.A., parent
company of Societe Generale Asset Management Corp. ("SGAM Corp."), investment
adviser to SoGen Funds, Inc., announced that it and Mr. Jean-Marie Eveillard,
the Chief Executive Officer and a shareholder of SGAM Corp., had signed an
agreement (the "Purchase Agreement") with Liberty Financial Companies, Inc.
("Liberty Financial") (NYSE: L) providing for Liberty Financial's purchase of
all the outstanding shares of SGAM Corp.

      If the stock purchase contemplated by the Purchase Agreement occurs as
contemplated,  SoGen International Fund, SoGen Overseas Fund and SoGen Gold
Fund will be reorganized to become separate funds within the Colonial family
of mutual funds sponsored by Liberty Financial's subsidiary, The Colonial
Group, Inc.  SGAM Corp. will continue as investment adviser to the successor
Colonial Funds, with the same investment objectives, portfolio managers and
investment process and with substantially the same investment policies.
Colonial Management Associates, Inc. ("Colonial") and its affiliates will
provide administrative, distribution and other non-investment advisory
services to the successor funds.

      The Agreement also provides for the merger of SoGen Money Fund into the
existing Colonial Money Market Fund managed by Stein Roe & Farnham
Incorporated, another affiliate of Liberty Financial.

      The reorganizations of the SoGen International, Overseas and Gold Funds
and the merger of SoGen Money Fund into the Colonial Money Market Fund will
require, among other conditions, approval of the Board of Directors of SoGen
Funds, Inc. and the shareholders of the respective Funds.  If the Board of
Directors approves the reorganizations and merger, shareholders of the Funds
will receive a proxy statement describing the reorganizations and merger in
more detail and seeking shareholder approval.  Subject to the receipt of such
approval and the satisfaction of other conditions contained in the Purchase
Agreement, it is anticipated that the closings of the stock purchase
contemplated by the Purchase Agreement and the Fund reorganizations and
merger will occur late in the fourth quarter of 1998.