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An updated prospectus will be available by May 1 of the current calendar year. More detailed information about the Sequoia Fund is available in the statement of additional information (SAI) at the bottom of this page.

May 1st, 2008 Prospectus


May 1st, 2008 Prospectus

Statement of Additional Information
This Statement of Additional Information (“SAI”) is not a prospectus and is only authorized for distribution when preceded or accompanied by the Fund’s Prospectus dated May 1, 2008 (the “Prospectus”). This SAI contains additional and more detailed information than that set forth in the Prospectus and should be read in conjunction with the Prospectus. The Fund’s financial statements for the fiscal year ended December 31, 2007, included in the Fund’s Annual Report to Shareholders, are incorporated into this SAI by reference.