<body> FIRST EAGLE FUNDS First Eagle Global Fund First Eagle Overseas Fund First Eagle U.S. Value Fund First Eagle Gold Fund First Eagle Fund of America 1345 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10105 (800) 334-2143 SUPPLEMENT DATED JULY 14, 2006 TO STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 1, 2006 This Supplement is intended to highlight certain changes to the Statement of Additional Information dated March 1, 2006. Please review these matters carefully. COMPUTATION OF NET ASSET VALUE The third paragraph of the section of the Statement of Additional Information titled Computation of Net Asset Value has been replaced and will now read as follows: <table width=100% cellpadding=0 cellspacing=0 border=0><tr bgcolor=#FFFFFF> <td align=left valign=bottom nowrap> </td> <td align=left valign=bottom>Commodities (such as physical metals) are valued at the spot price at the time trading on the New York Stock Exchange closes (normally 4:00 p.m. E.S.T.). Forward currency contracts are valued at the current cost of covering or offsetting such contracts.</td></tr> </table> * * * * The information in this Supplement modifies the First Eagle Funds' Statement of Additional Information dated March 1, 2006. In particular, and without limitation, the information contained in this Supplement modifies (and if inconsistent, replaces) information contained in the section of the Statement of Additional Information entitled “Computation of Net Asset Value.” <hr color=#000000 noshade> </body> </html> </TEXT> </DOCUMENT>

497 1 a42354.htm FIRST EAGLE FUNDS, INC. <body> FIRST EAGLE FUNDS First Eagle Global Fund First Eagle Overseas Fund First Eagle U.S. Value Fund First Eagle Gold Fund First Eagle Fund of America 1345 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10105 (800) 334-2143 SUPPLEMENT DATED JULY 14, 2006 TO STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 1, 2006 This Supplement is intended to highlight certain changes to the Statement of Additional Information dated March 1, 2006. Please review these matters carefully. COMPUTATION OF NET ASSET VALUE The third paragraph of the section of the Statement of Additional Information titled Computation of Net Asset Value has been replaced and will now read as follows: <table width=100% cellpadding=0 cellspacing=0 border=0><tr bgcolor=#FFFFFF> <td align=left valign=bottom nowrap> </td> <td align=left valign=bottom>Commodities (such as physical metals) are valued at the spot price at the time trading on the New York Stock Exchange closes (normally 4:00 p.m. E.S.T.). Forward currency contracts are valued at the current cost of covering or offsetting such contracts.</td></tr> </table> * * * * The information in this Supplement modifies the First Eagle Funds' Statement of Additional Information dated March 1, 2006. In particular, and without limitation, the information contained in this Supplement modifies (and if inconsistent, replaces) information contained in the section of the Statement of Additional Information entitled “Computation of Net Asset Value.” <hr color=#000000 noshade> </body> </html> </TEXT> </DOCUMENT>