NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
AUGUST 5, 1997
To the Stockholders of Amway Mutual Fund, Inc.:
The Annual Meeting of Stockholders of Amway Mutual Fund, Inc., will be held on
Tuesday, August 5, 1997, at 11:00 A.M., in the Champlain Building, 2905 Lucerne,
S.E., Grand Rapids, Michigan.
The following subjects will be considered and acted upon at the meeting:
(1) Election of five directors to hold office until the next Annual Meeting
and until their successors are elected and qualify.
(2) Approval or disapproval for continuation of the Investment Advisory and
Service Contract between the Fund and Amway Management Company.
(3) Approval or disapproval for continuation of the Sub-Advisory Contract
between Amway Management Company and ARK Asset Management Company.
(4) Ratification or rejection of the selection of BDO Seidman, LLP as
independent public accountants to examine and verify the accounts and securities
of the Fund for the year 1997.
(5) Approval or disapproval of an amendment to the Fund's Certificate of
Incorporation to increase the authorized capital stock from the present
20,000,000 shares of common stock, $1 par value, to 100,000,000 shares of common
stock, $1 par value.
(6) Such other matters as may properly come before the meeting.
Stockholders of record on the books of the Fund at the close of business on
June 10, 1997, are entitled to vote at the meeting or any adjournment thereof.
If you attend the meeting, you can vote your shares in person. Whether or not
you plan to attend the meeting, please fill in, date, and sign the enclosed
proxy, and return it in the enclosed, prestamped envelope. A complete list of
stockholders entitled to vote at the meeting, or any adjournment thereof, shall
be open to examination of any stockholder for any purpose germane to the
meeting, during ordinary business hours, for a period of ten days prior to the
meeting at the offices of the Fund, 2905 Lucerne, Grand Rapids, MI 49546.
IT IS IMPORTANT THAT THE ENCLOSED PROXY BE SIGNED AND RETURNED PROMPTLY,
REGARDLESS OF THE NUMBER OF SHARES YOU HOLD, SO AS TO INSURE A QUORUM FOR THE
ABOVE MEETING. A QUORUM IS ESSENTIAL FOR THE MEETING TO BE HELD. PLEASE HELP
YOUR FUND SAVE THE COST OF FURTHER SOLICITATION BY RETURNING YOUR PROXY
By Order of the Board of Directors
Allan D. Engel
June 20, 1997 Secretary
-C-1997, AMWAY CORPORATION, U.S.A. Printed in U.S.A. 795270 L-2622-SAL