Notice to Investors Residing Outside the United States:
Shares of Clipper Fund, Inc. (the "Fund") are offered for sale only in the United States. While you may obtain the Fund's prospectus and other information about the Fund on this website, the Fund is not registered for sale in any other country.

The Fund provides Adobe Acrobat® versions of Fund literature for your convenience. Adobe Acrobat provides a simple, convenient method of displaying and printing documents from your computer. To open an Acrobat document, you must have the Adobe Acrobat Reader software installed on your computer. Click here to download Adobe Acrobat free of charge.

		Summary Prospectus (5/1/10) - Download
		Prospectus (5/1/10) - Download
		SemiAnnual Report (6/30/09) - Download
		Annual Report (12/31/09) - Download
		Statement of Additional Information (5/1/2010) - Download
		Clipper Portfolio Composition Report (6/30/10) - Download
		Clipper Fund N-Q Filing (3/31/10) - Download

		Roth IRA Conversion Form - Download
		Regular Account Application (pdf) - Download
		IRA Application (pdf) - Download
		IRA Disclosure Statement and Custodial Agreement - Download
		IRA Transfer of Assets Form - Download
		IRA Distribution Form - Download
		Non-IRA Account Transfer Form - Download
		Clipper Fund Account Service Form - Download
		Designation of Beneficiary Form - Download
		IRA Beneficiary Claim form - Download
		Clipper Fund Letter of Instruction Form - Download

		Annual Review 2009 from Christopher C. Davis and Kenneth C. Feinberg, Portfolio Managers (12/09) - Download
		Clipper Fund Quarterly Factsheet (3/31/10) - Download
		Fortune Magazine reprint: "Gasp! Fund Manager Commits Selfless Act" - Download
		Clipper Fund Receives Morningstar's Highest Stewardship Grade - Download
		A Brief History of Davis Advisors - Download
		Overview of the Davis Research Methodology - Download
		The Wisdom of Great Investors: Insights from Some of History's Greatest Investment Minds - Download
		Timeless Strategies for the Successful Investor: Engage in Healthy Investor Behavior - Download
		Archived June 2009 Manager Commentary (referenced in "Annual Review 2009" Commentary) - Download
		Archived December 2008 Manager Commentary (referenced in "Annual Review 2009" Commentary) - Download
		2008 Financial Report of the U.S. Government A government report referenced in the "Annual Review 2009" Manager Commentary - Download
		Roth IRA Conversions: An Important Change in 2010 - Download

		Proxy Voting Policies (pdf) - Download
		Proxy Voting Record (for the year ended June 30, 2009) - Download

Davis Advisors is committed to communicating with our investment partners as candidly as possible because we believe our investors benefit from understanding our investment philosophy and approach. Our views and opinions regarding the investment prospects of our portfolio holdings include "forward looking statements" which may or may not be accurate over the long term. While we believe we have a reasonable basis for our appraisals and we have confidence in our opinions, actual results may differ materially from those we anticipate. These opinions are current as of the date of this report but are subject to change. Market values will vary so that an investor may experience a gain or a loss.