FIRST EAGLE SOGEN FUNDS, INC.

                          1345 AVENUE OF THE AMERICAS
                            NEW YORK, NEW YORK 10105
                                 (800) 334-2143

                        SUPPLEMENT DATED OCTOBER 1, 2002
           TO STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 1, 2002

Front-End Load Waiver: The following language should be inserted on page 20 of
the Statement of Additional Information as the last paragraph under the heading
'HOW TO PURCHASE SHARES':

    A shareholder may qualify for a waiver of the front-end sales charge if the
    shareholder purchases Class A shares of a Fund with the proceeds from a
    redemption of Class A shares of another 'load' mutual fund made within 60
    days of the purchase. The shareholder will need to inform the Company of
    this at the time that the order for the purchase is placed and provide a
    copy of the shareholder's prior account statement showing the redemption.

The information above supplements, and to the extent inconsistent therewith,
replaces, the information contained in the Statement of Additional Information
for FESF, including but not limited to information contained in the section
entitled 'HOW TO PURCHASE SHARES.'

                                   *    *    *

First Eagle SoGen Gold Fund Precious Metals-Related Investments: Your Board of
Directors, in consultation with your portfolio managers, has determined that is
in the best interests of the First Eagle SoGen Gold Fund ('Gold Fund') that it
be allowed greater flexibility in pursuing precious metal-related investment
opportunities. Previously, the Fund was limited to investments in precious metal
finance and operating companies, but could not invest directly in precious
metals (such as gold bullion) or purchase or sell contracts for their future
delivery ('futures contracts'). At their September 10, 2002 meeting, however,
the Board of Directors determined to change 'non-fundamental' investment
restriction (h) so as to permit these additional precious metal-related
investments as follows:

    (h) (Overseas Fund and Gold Fund) -- purchase or sell commodities or
    commodity contracts; except that it may enter into forward contracts and may
    sell commodities received by it as distributions on portfolio investments
    (however, the Gold Fund may purchase or sell precious metals directly and
    purchase or sell precious metal commodity contracts or options on such
    contracts in compliance with applicable commodities laws);

Your Board of Directors has considered both the risks and the benefits of these
types of investments in determining their appropriateness with respect to the
Gold Fund. Although the risks related to investing in precious metals directly
are similar to those of investing in precious metal finance and operating
companies, which are already described in the Fund's Prospectus, there are
additional considerations related to such direct precious metal investments,
including custody and transaction (i.e., brokerage) costs that may be higher
than those involving securities. Moreover, holding gold, whether in physical
form or book account, results in no income being derived from such holding,
unlike securities which may pay dividends or make other current payments. In
addition, income derived from trading in gold must be closely monitored to avoid
potentially negative tax consequences. Investing in futures contracts and
similar 'derivative' instruments also carries additional risks, in that these
types of instruments (i) are often more volatile than direct investments in the
commodity underlying them





(e.g., gold), because they commonly involve significant 'built in' leverage, and
(ii) are subject to the risk of default by the counterparty to the contract.
Holding gold in book account may also involve risks of the credit of the party
holding the gold. Even if holding gold does not involve the risk of the credit
of the counterparty or entity holding the gold, it will involve the risk of
delays in the Gold Fund obtaining the assets involved in the case of bankruptcy
or insolvency of the custodian and therefore impair their potential disposition.
Accordingly, the following information has been added to the Statement of
Additional Information under the heading 'Investment Policies, Techniques and
Risks':

Futures and Options on Futures. The Gold Fund may utilize futures contracts
and options on futures. These transactions may be effected on securities
exchanges or in the over-the-counter market. When purchased over-the-counter,
the Fund bears the risk that the counterparty to the contract will be unable
or unwilling to perform its obligations. These contracts may also be illiquid
and, in such cases, the Fund may have difficulty closing out its position.
Engaging in these types of transactions is a specialized activity and
involves risk of loss. In addition, engaging in these types of transactions
may increase the volatility of the Fund's returns, because they commonly
involve significant 'built in' leverage and can be entered into with
relatively small 'margin' commitments by the Fund relative to the resulting
investment exposure.

The Fund may enter into futures contracts in U.S. markets or on exchanges
located outside the United States. Foreign markets may offer advantages such as
trading opportunities or arbitrage possibilities not available in the United
States. Foreign markets, however, may have greater risk potential than U.S.
markets. For example, some foreign exchanges are principal markets so that no
common clearing facility exists and an investor may look only to the broker for
performance of the contract. In addition, any profits realized could be
eliminated by adverse changes in the exchange rate. Transactions on foreign
exchanges may include both commodities that are traded on U.S. exchanges and
those that are not. Unlike trading on U.S. commodity exchanges, trading on
foreign commodity exchanges is not regulated by the Commodity Futures Trading
Commission ('CFTC').

Many futures exchanges and boards of trade limit the amount of fluctuation
permitted in futures contract prices during a single trading day. Once the daily
limit has been reached in a particular contract, no trades may be made that day
at a price beyond that limit or trading may be suspended for specified periods
during the trading day. Futures contract prices could move to the limit for
several consecutive trading days with little or no trading, preventing prompt
liquidation of futures positions and potentially subjecting the Fund to
substantial losses. Successful use of futures also is subject to the investment
adviser's ability to predict correctly movements in the direction of the
relevant market, and, to the extent the transaction is entered into for hedging
purposes, to determine the appropriate correlation between the transaction being
hedged and the price movements of the futures contract.

Positions of the Securities and Exchange Commission ('SEC') and its staff may
require the Fund to segregate liquid assets in connection with its options and
commodities (futures) transactions in an amount generally equal to the value of
the underlying option or commodity. The segregation of these assets will have
the effect of limiting the investment adviser's ability otherwise to invest
those assets. Futures and related options transactions must constitute
permissible transactions pursuant to regulations promulgated by the CFTC. As a
general matter, the investment adviser intends to conduct the operations of the
Fund in compliance with CFTC Rule 4.5 under the Commodity Exchange Act of 1974,
as amended, in order to avoid regulation by the CFTC as a commodity pool
operator with respect to the Fund.

                                   *    *    *

This information supplements, and to the extent inconsistent therewith,
replaces, the information contained in the Statement of Additional Information
for FESF, including but not limited to the section entitled 'Investment
Restrictions' and 'Investment Policies, Techniques and Risks.'