SEC File Nos. 2-83847
811-3734


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-1A
Registration Statement
Under
the Securities Act of 1933
Post-Effective Amendment No.  26
and
Registration Statement
Under
The Investment Company Act of 1940
Amendment No.  26

EuroPacific  Growth  Fund
(Exact Name of Registrant as specified in charter)
333 South Hope Street
Los Angeles, California 90071
(Address of principal executive offices)
Registrant's telephone number, including area code:
(213) 486-9200

Vincent P. Corti
Capital Research and Management Company
333 South Hope Street
Los Angeles, California 90071
(name and address of agent for service)


Copies to:
MICHAEL J. FAIRCLOUGH, ESQ.
O'Melveny & Myers LLP
400 South Hope Street
Los Angeles, California  90071
(Counsel for the Registrant)

Approximate date of proposed public offering:
It is proposed that this filing become effective on May 15, 2002,  pursuant to
paragraph (b) of rule 485.

<PAGE>
[logo - American Funds (sm)]




                                          The right choice for the long term/SM/




EuroPacific Growth Fund/(R)/

Retirement Plan Prospectus







<TABLE>
<CAPTION>
TABLE OF CONTENTS
<S>  <S>
 1    Risk/Return Summary
 4    Fees and Expenses of the Fund
 5    Investment Objective, Strategies and Risks
 7    Management and Organization
 9    Purchase, Exchange and Sale of Shares
10    Sales Charges
11    Sales Charge Reductions
12    Individual Retirement Account (IRA) Rollovers
12    Plans of Distribution
13    Distributions and Taxes
14    Financial Highlights
</TABLE>







 THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED OR DISAPPROVED OF
 THESE SECURITIES. FURTHER, IT HAS NOT DETERMINED THAT THIS PROSPECTUS IS
 ACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
 OFFENSE.


 PROSPECTUS







 May 15, 2002

<PAGE>

Risk/Return Summary

The fund seeks to make your investment grow over time by investing primarily in
stocks of issuers located in Europe and the Pacific Basin.

The fund is designed for investors seeking capital appreciation and
diversification through investments in stocks of issuers based outside the U.S.
 Investors in the fund should have a long-term perspective and be able to
tolerate potentially wide price fluctuations.

Your investment in the fund is subject to risks, including the possibility that
the value of the fund's investments may fluctuate in response to events
specifically involving the companies in which the fund invests, as well as
economic, political or social events in the U.S. or abroad, and currency
fluctuations.

Your investment in the fund is not a bank deposit and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other government
agency, entity or person.

YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE LIKELIHOOD OF LOSS IS GREATER
IF YOU INVEST FOR A SHORTER PERIOD OF TIME.


                                       1

EuroPacific Growth Fund / Prospectus



<PAGE>

HISTORICAL INVESTMENT RESULTS

The following information provides some indication of the risks of investing in
the fund by showing changes in the fund's investment results from year to year
and by showing how the fund's average annual total returns for various periods
compare with those of a broad measure of market performance. Past results are
not an indication of future results.

CALENDAR YEAR TOTAL RETURNS FOR CLASS A SHARES
(Results do not include a sales charge;
if one were included, results would be lower.)
[bar chart]
1992   2.30%
1993  35.60
1994   1.12
1995  12.87
1996  18.64
1997   9.19
1998  15.54
1999  56.97
2000 -17.84
2001 -12.18
[end chart]


Highest/lowest quarterly results during this time period were:

<TABLE>
<CAPTION>
<S>            <C>      <C>
HIGHEST        29.09%  (quarter ended December 31, 1999)
LOWEST         -14.02%  (quarter ended September 30, 2001)
</TABLE>


The year-to-date result was 1.56% for the three months ended March 31, 2002.


                                       2

                                           EuroPacific Growth Fund / Prospectus

<PAGE>



Unlike the bar chart on the previous page, the Investment Results Table below
reflects, as required by Securities and Exchange Commission rules, the fund's
investment results with the maximum initial sales charge imposed. Class A share
results reflect the maximum initial sales charge of 5.75%. Sales charges are
reduced for purchases of $25,000 or more. Results would be higher if calculated
without a sales charge. All fund results reflect the reinvestment of dividend
and capital gain distributions.

Since the fund's Class R shares were first available on May 15, 2002, comparable
results for these classes are not available for the 2001 calendar year.
<TABLE>
<CAPTION>
 INVESTMENT RESULTS TABLE (WITH MAXIMUM SALES CHARGES IMPOSED)
 AVERAGE ANNUAL TOTAL RETURNS FOR PERIODS ENDED DECEMBER 31, 2001:
                                 ONE YEAR  FIVE YEARS  TEN YEARS   LIFETIME/1/
-------------------------------------------------------------------------------
<S>                              <C>       <C>         <C>        <C>
 CLASS A - BEGAN 4/16/84         -17.22%     6.13%       9.73%       13.41%
 MSCI EAFE Index/2/              -21.21%     1.17%       4.76%       10.81%
 Lipper International Funds
 Average/3/                      -21.71%     2.24%       6.41%       10.72%
</TABLE>


1 Lifetime results are as of the date Class A shares first became available.
2 The Morgan Stanley Capital International EAFE (Europe, Australasia, Far East)
 Index measures all major stock markets outside North America.  This index is
 unmanaged and does not reflect sales charges, commissions, expenses or taxes.
3 The Lipper International Funds Average consists of funds that invest assets in
 securities with primary trading markets outside the United States. The results
 of the underlying funds in the average include the reinvestment of dividend and
 capital gain distributions and brokerage commissions paid by the funds for
 portfolio transactions, but do not reflect sales charges or taxes.


                                       3

EuroPacific Growth Fund / Prospectus



<PAGE>

Fees and Expenses of the Fund


<TABLE>
<CAPTION>
 SHAREHOLDER FEES TABLE (PAID DIRECTLY FROM YOUR INVESTMENT)
                                                                  ALL R SHARE
                                                       CLASS A      CLASSES
<S>                                                    <C>       <C>
 Maximum sales charge imposed on purchases
 (as a percentage of offering price)                   5.75 %/1/     none
 Maximum sales charge imposed on reinvested dividends  none          none
 Maximum deferred sales charge                         none/2/       none
 Redemption or exchange fees                           none          none
</TABLE>


1 Sales charges are reduced or eliminated for purchases of $25,000 or more.
2 A contingent deferred sales charge of 1% applies on certain redemptions made
 within 12 months following purchases of $1 million or more made without a sales
 charge.


<TABLE>
<CAPTION>
 ANNUAL FUND OPERATING EXPENSES TABLE (DEDUCTED FROM FUND ASSETS)
                              CLASS A  R-1/1/  R-2/1/  R-3/1/  R-4/1/   R-5/1/
<S>                           <C>      <C>     <C>     <C>     <C>     <C>
 Management Fees               0.46%   0.46%   0.46%   0.46%   0.46%    0.46%
 Distribution and/or Service
 (12b-1) Fees/2/               0.25%   1.00%   0.75%   0.50%   0.25%    none
 Other Expenses                0.17%   0.24%   0.44%   0.30%   0.22%    0.17%
 Total Annual Fund Operating
 Expenses                      0.88%   1.70%   1.65%   1.26%   0.93%    0.63%
</TABLE>


1 Based on estimated amounts for the current fiscal year.
2 Class A, R-2, R-3 and R-4 12b-1 fees may not exceed 0.25%, 1.00%, 0.75%, and
 0.50%, respectively, of the class' average net assets annually. Class R-1 fees
 will always be 1.00% of the class' average net assets annually.

EXAMPLE

The examples below are intended to help you compare the cost of investing in the
fund with the cost of investing in other mutual funds. The examples assume that
you invest $10,000 in the fund for the time periods indicated, that your
investment has a 5% return each year, that all dividend and capital gain
distributions are reinvested, and that the fund's operating expenses remain the
same as shown above. Although your actual costs may be higher or lower, based on
these assumptions, your cumulative estimated expenses would be:

<TABLE>
<CAPTION>
                        ONE YEAR  THREE YEARS  FIVE YEARS   TEN YEARS
<S>                     <C>       <C>          <C>         <C>
 Class A/1/               $660       $840        $1,035      $1,597
 R-1                      $173       $536        $  923      $2,009
 R-2                      $168       $520        $  897      $1,955
 R-3                      $128       $400        $  692      $1,523
 R-4                      $ 95       $296        $  515      $1,143
 R-5                      $ 64       $202        $  351      $  786
</TABLE>



1 Reflects the maximum initial sales charge in the first year.


                                       4

                                           EuroPacific Growth Fund / Prospectus

<PAGE>

Investment Objective, Strategies and Risks

The fund's investment objective is to provide you with long-term growth of
capital.  Normally, the fund will invest at least 80% of its assets in
securities of issuers located in Europe and the Pacific Basin. Various factors
will be considered when determining whether a country is part of Europe,
including whether a country is part of the MSCI European indices. A country will
be considered part of the Pacific Basin if any of its borders touches the
Pacific Ocean.

The prices of securities held by the fund may decline in response to certain
events, including: those directly involving the companies whose securities are
owned in the fund; conditions affecting the general economy; overall market
changes; global political, social or economic instability; and currency and
interest rate fluctuations. The growth-oriented, equity-type securities
generally purchased by the fund may involve large price swings and potential for
loss.

Investments outside the U.S. may be affected by these events to a greater extent
and may also be affected by differing securities regulations and administrative
difficulties such as delays in clearing and settling portfolio transactions.
 These risks are potentially heightened in connection with investments in
developing countries.

The fund may also hold cash or money market instruments. The size of the fund's
cash position will vary and will depend on various factors, including market
conditions and purchases and redemptions of fund shares. A larger cash position
could detract from the achievement of the fund's objective in a period of rising
market prices; conversely, it would reduce the fund's magnitude of loss in the
event of a general market downturn and provide liquidity to make additional
investments or to meet redemptions.

The fund relies on the professional judgment of its investment adviser, Capital
Research and Management Company, to make decisions about the fund's portfolio
investments. The basic investment philosophy of the investment adviser is to
seek reasonably priced securities that represent good long-term investment
opportunities. This is accomplished not only through fundamental analysis, but
also by meeting with company executives and employees, suppliers, customers and
competitors in order to gain in-depth knowledge of a company's true value.
Securities may be sold when the investment adviser believes they no longer
represent good long-term value.
<TABLE>
<CAPTION>
 INVESTMENT RESULTS TABLE (WITHOUT SALES CHARGES IMPOSED)
 AVERAGE ANNUAL TOTAL RETURNS FOR PERIODS ENDED DECEMBER 31, 2001:
                                 ONE YEAR  FIVE YEARS  TEN YEARS   LIFETIME/1/
-------------------------------------------------------------------------------
<S>                              <C>       <C>         <C>        <C>
 CLASS A - BEGAN 4/16/84         -12.18%     7.40%      10.38%       13.79%
 MSCI EAFE Index/2/              -21.21%     1.17%       4.76%       10.81%
 Lipper International Funds
 Average/3/                      -21.71%     2.24%       6.41%       10.72%
</TABLE>


1 Lifetime results are as of the date Class A shares first became available.
2 The Morgan Stanley Capital International EAFE (Europe, Australasia, Far East)
 Index measures all major stock markets outside North America.  This index is
 unmanaged and does not reflect sales charges, commissions, expenses or taxes.
3 The Lipper International Funds Average consists of funds that invest assets in
 securities with primary trading markets outside the United States. The results
 of the underlying funds in the average include the reinvestment of dividend and
 capital gain distributions and brokerage commissions paid by the funds for
 portfolio transactions, but do not reflect sales charges or taxes.


                                       5

EuroPacific Growth Fund / Prospectus



<PAGE>
 HOLDINGS BY INDUSTRY AS OF MARCH 31, 2002
[pie chart]
Pharmaceuticals 10.73%
Banks 8.34
Oil & Gas 7.11
Food Products 5.35
Semiconductor Equipment & Products 4.86
Other Industries 49.60
Bonds & Notes 0.02
Cash & Equivalents 13.99
[end chart]



<TABLE>
<CAPTION>
                              PERCENT OF                                             PERCENT OF
 PERCENT INVESTED BY COUNTRY  NET ASSETS        TEN LARGEST EQUITY HOLDINGS          NET ASSETS
<S>                           <C>         <C>  <C>                                  <C>
 Europe                                         AstraZeneca                            4.36%
                                               -------------------------------------------------
 United Kingdom                 16.7%           Taiwan Semiconductor Manufacturing     2.32
------------------------------------------     -------------------------------------------------
 Netherlands                     6.8            ING Groep                              1.76
------------------------------------------     -------------------------------------------------
 France                          5.1            Petroleo Brasileiro SA - Petrobas      1.67
------------------------------------------     -------------------------------------------------
 Switzerland                     3.8            Nestle                                 1.51
------------------------------------------     -------------------------------------------------
 Germany                         3.6            Bank of Nova Scotia                    1.38
------------------------------------------     -------------------------------------------------
 Finland                         2.5            Vodafone Group                         1.21
------------------------------------------
 Norway                          1.8            Aventis                                1.18
------------------------------------------     -------------------------------------------------
 Ireland                         1.6            Hon Hai Precision Industry Co.         1.15
------------------------------------------     -------------------------------------------------
 Sweden                          1.2            Koninklijke Ahold                      1.12
------------------------------------------     -------------------------------------------------
 Italy                           1.2
------------------------------------------
 Denmark                          .9
------------------------------------------
 Belgium                          .7
------------------------------------------
 Spain                            .7
------------------------------------------
 Greece                           .6
------------------------------------------
 Russian Federation               .5
------------------------------------------
 Other Europe                     .1
------------------------------------------
 Pacific Basin
 Japan                          13.5
------------------------------------------
 Mexico                          3.7
------------------------------------------
 Canada                          3.5
------------------------------------------
 Taiwan                          3.5
------------------------------------------
 Australia                       3.5
------------------------------------------
 South Korea                     2.9
------------------------------------------
 Hong Kong                       1.7
------------------------------------------
 Singapore                        .5
------------------------------------------
 China                            .4
------------------------------------------
 Philippines                      .3
------------------------------------------
 Chile                            .3
------------------------------------------
 Other
 Brazil                          2.7
------------------------------------------
 South Africa                    1.2
------------------------------------------
 Other Countries                  .5
 Cash & Cash Equivalents        14.0
</TABLE>




Because the fund is actively managed, its holdings will change over time.

For updated information on the fund's portfolio holdings, please visit us at
www.americanfunds.com.


                                       6

                                           EuroPacific Growth Fund / Prospectus

<PAGE>

Management and Organization

INVESTMENT ADVISER

Capital Research and Management Company, an experienced investment management
organization founded in 1931, serves as investment adviser to the fund and other
funds, including those in The American Funds Group. Capital Research and
Management Company, a wholly owned subsidiary of The Capital Group Companies,
Inc., is headquartered at 333 South Hope Street, Los Angeles, CA 90071. Capital
Research and Management Company manages the investment portfolio and business
affairs of the fund. The total management fee paid by the fund, as a percentage
of average net assets, for the previous fiscal year appears earlier in the
Annual Fund Operating Expenses Table.

MULTIPLE PORTFOLIO COUNSELOR SYSTEM

Capital Research and Management Company uses a system of multiple portfolio
counselors in managing mutual fund assets. Under this approach, the portfolio of
a fund is divided into segments managed by individual counselors. Counselors
decide how their respective segments will be invested, within the limits
provided by a fund's objective(s) and policies and by Capital Research and
Management Company's investment committee. In addition, Capital Research and
Management Company's research professionals may make investment decisions with
respect to a portion of a fund's portfolio. The primary individual portfolio
counselors for EuroPacific Growth Fund are:


                                       7

EuroPacific Growth Fund / Prospectus



<PAGE>


<TABLE>
<CAPTION>
 PORTFOLIO COUNSELOR/ FUND       PORTFOLIO COUNSELOR       PRIMARY TITLE WITH INVESTMENT ADVISER
 TITLE (IF APPLICABLE)         EXPERIENCE IN THIS FUND     (OR AFFILIATE) AND INVESTMENT EXPERIENCE
<S>                          <C>                          <C>
 MARK E. DENNING                      11 years             Director, Capital Research and Management Company
 President, Principal            (plus 3 years prior
 Executive Officer and         experience as a research    Investment professional for 20 years, all with
 Trustee                      professional for the fund)   Capital Research and Management Company or
                                                           affiliate

------------------------------------------------------------------------------------------------------------
 STEPHEN E. BEPLER                    18 years             Senior Vice President, Capital Research Company
 Executive Vice President
                                                           Investment professional for 36 years in total;30
                                                           years with Capital Research and Management
                                                           Company or affiliate

------------------------------------------------------------------------------------------------------------
 ROBERT W. LOVELACE                    8 years             President and Director, Capital Research Company
 Senior Vice President           (plus 7 years prior
                               experience as a research    Investment professional for 17 years, all with
                              professional for the fund)   Capital Research and Management Company or
                                                           affiliate

------------------------------------------------------------------------------------------------------------
 ALWYN W. HEONG                        6 years             Senior Vice President, Capital Research Company
 Vice President                  (plus 3 years prior
                               experience as a research    Investment professional for 14 years in total;10
                              professional for the fund)   years with Capital Research and Management
                                                           Company or affiliate

------------------------------------------------------------------------------------------------------------
 MARTIAL G. CHAILLET                   8 years             Senior Vice President, Capital Research Company
                                 (plus 5 years prior
                               experience as a research    Investment professional for 30 years, all with
                              professional for the fund)   Capital Research and Management Company or
                                                           affiliate

 TIMOTHY P. DUNN                       1 year              Vice President, Capital Research and Management
                                 (plus 4 years prior       Company
                              experience as a research
                             professional for the fund)    Investment professional for 16 years in total;12
                                                           years with Capital Research and Management
                                                           Company or affiliate
 CARL M. KAWAJA                        1 year              Senior Vice President and Director, Capital
                                 (plus 8 years prior       Research Company
                              experience as a research
                             professional for the fund)    Investment professional for 14 years in total;11
                                                           years with Capital Research and Management
                                                           Company or affiliate
</TABLE>





                                       8

                                           EuroPacific Growth Fund / Prospectus

<PAGE>

Purchase, Exchange and Sale of Shares

PURCHASES AND EXCHANGES

Class A shares are generally not available for retirement plans using the
PlanPremier or Recordkeeper Direct recordkeeping programs.

Class R shares generally are available only to 401(k) plans, 457 plans,
employer-sponsored 403(b) plans, profit sharing and money purchase pension
plans, defined benefit plans, and non-qualified deferred compensation plans.
Class R shares also are generally available only to retirement plans where plan
level or omnibus accounts are held on the books of the fund. In addition, Class
R-5 shares generally are available only to retirement plans with $1 million or
more in plan assets. Class R shares are not available to retail non-retirement
accounts, traditional and Roth IRAs, Coverdell Education Savings Accounts, SEPs,
SAR-SEPs, SIMPLE IRAs, individual 403(b) plans, and CollegeAmerica accounts.

Eligible retirement plans generally may open an account and purchase Class A or
R shares by contacting any investment dealer (who may impose transaction charges
in addition to those described in this prospectus) authorized to sell the fund's
shares. Some or all R share classes may not be available through certain
investment dealers. Additional shares may be purchased through a plan's
administrator or recordkeeper.

Shares of the fund offered through this prospectus generally may be exchanged
into shares of the same class of other funds in The American Funds Group.
Exchanges of Class A shares from money market funds purchased without a sales
charge generally will be subject to the appropriate sales charge.

THE FUND AND AMERICAN FUNDS DISTRIBUTORS, THE FUND'S DISTRIBUTOR, RESERVE THE
RIGHT TO REJECT ANY PURCHASE ORDER FOR ANY REASON. THE FUND IS NOT DESIGNED TO
SERVE AS A VEHICLE FOR FREQUENT TRADING IN RESPONSE TO SHORT-TERM STOCK MARKET
FLUCTUATIONS. ACCORDINGLY, PURCHASES THAT ARE PART OF EXCHANGE ACTIVITY THAT THE
FUND OR AMERICAN FUNDS DISTRIBUTORS HAVE DETERMINED COULD INVOLVE ACTUAL OR
POTENTIAL HARM TO THE FUND MAY BE REJECTED.

SALES

Please contact your plan administrator or recordkeeper.

VALUING SHARES

The fund's net asset value is the value of a single share. The fund calculates
its net asset value, each day the New York Stock Exchange is open, as of
approximately 4:00 p.m. New York time, the normal close of regular trading.
Assets are valued primarily on the basis of market quotations. However, the fund
has adopted procedures for making "fair value" determinations if market
quotations are not readily available. For example, if events occur that
materially affect the value of the fund's securities that principally trade in
markets outside the U.S. between the close of those markets and the close of
regular trading on the New York Stock Exchange, the securities will be valued at
fair value.


                                       9

EuroPacific Growth Fund / Prospectus



<PAGE>

Your shares will be purchased at the net asset value (plus any applicable sales
charge in the case of Class A shares), or sold at the net asset value next
determined after American Funds Service Company receives and accepts your
request.

Sales Charges

CLASS A SHARES

The initial sales charge you pay when you buy Class A shares differs depending
upon the amount you invest and may be reduced or eliminated for larger purchases
as indicated below. Any applicable sales charge will be paid directly from your
investment and, as a result, will reduce the amount of your investment.


<TABLE>
<CAPTION>                              SALES CHARGE AS A
                                         PERCENTAGE OF
                                                                DEALER
                                                   NET        COMMISSION
                                       OFFERING   AMOUNT       AS % OF
 INVESTMENT                             PRICE    INVESTED   OFFERING PRICE
---------------------------------------------------------------------------
<S>                                    <C>       <C>       <C>
 Less than $25,000                      5.75%     6.10%         5.00%
---------------------------------------------------------------------------
 $25,000 but less than $50,000          5.00%     5.26%         4.25%
---------------------------------------------------------------------------
 $50,000 but less than $100,000         4.50%     4.71%         3.75%
---------------------------------------------------------------------------
 $100,000 but less than $250,000        3.50%     3.63%         2.75%
---------------------------------------------------------------------------
 $250,000 but less than $500,000        2.50%     2.56%         2.00%
---------------------------------------------------------------------------
 $500,000 but less than $750,000        2.00%     2.04%         1.60%
---------------------------------------------------------------------------
 $750,000 but less than $1 million      1.50%     1.52%         1.20%
---------------------------------------------------------------------------
 $1 million or more and certain other   none      none          none
  investments described below
---------------------------------------------------------------------------
</TABLE>


CLASS A PURCHASES NOT SUBJECT TO SALES CHARGE

Employer-sponsored defined contribution-type plans, including certain 403(b)
plans, investing $1 million or more or with 100 or more eligible employees, and
Individual Retirement Account rollovers involving retirement plan assets
invested in the American Funds, may invest with no sales charge and are not
subject to a contingent deferred sales charge.  Also exempt are investments made
through accounts that purchased fund shares before March 15, 2001 and are part
of certain qualified fee-based programs. The distributor may pay dealers up to
1% on investments made in Class A shares with no initial sales charge. The fund
may reimburse the distributor for these payments through its Plans of
Distribution (see below).


                                       10

                                           EuroPacific Growth Fund / Prospectus

<PAGE>

CLASS R SHARES

Class R shares are sold with no initial or deferred sales charges. The
distributor will pay dealers annually, asset-based compensation of 1.00% for
sales of Class R-1 shares, 0.75% for Class R-2 shares, 0.50% for Class R-3
shares, and 0.25% for Class R-4 shares. No dealer compensation is paid on sales
of Class R-5 shares. The fund may reimburse the distributor for these payments
through its Plans of Distribution (see below).

Sales Charge Reductions

Class A sales charges may be reduced in the following ways:

CONCURRENT PURCHASES

Simultaneous purchases of any class of shares of two or more American Funds may
be combined to qualify for a reduced Class A sales charge. Direct purchases of
money market funds are excluded.

RIGHTS OF ACCUMULATION

The current value (or if greater, the amount invested less any withdrawals) of
existing holdings in any class of shares of the American Funds may be taken into
account to determine Class A sales charges. Direct purchases of money market
funds are excluded.

STATEMENT OF INTENTION

Class A sales charges may be reduced by establishing a Statement of Intention. A
Statement of Intention allows all non-money market fund purchases of all share
classes intended to be made over a 13-month period to be combined in order to
determine the applicable sales charge. At the request of a plan, purchases made
during the previous 90 days may be included; however, capital appreciation and
reinvested dividends and capital gains do not apply toward these combined
purchases. A portion of the account may be held in escrow to cover additional
Class A sales charges which may be due if total investments over the 13-month
period do not qualify for the applicable sales charge reduction.


                                       11

EuroPacific Growth Fund / Prospectus



<PAGE>

Individual Retirement Account (IRA) Rollovers

Assets from a retirement plan may be invested in Class A, B, C or F shares of
the American Funds through an IRA rollover plan. All such rollover investments
will be subject to the terms and conditions for Class A, B, C and F shares
contained in the fund's current prospectus and statement of additional
information.

An IRA rollover involving retirement plan assets that offered an investment
option managed by any affiliate of The Capital Group Companies, Inc., including
any of the American Funds, may be invested in:
 . Class A shares at net asset value;
 . Class A shares subject to the applicable initial sales charge;
 . Class B shares;
 . Class C shares; or
 . Class F shares

Retirement plan assets invested in Class A shares with a sales charge, or B, C
or F shares are subject to the terms and conditions contained in the fund's
current prospectus and statement of additional information. Advisers will be
compensated according to the policies associated with each share class as
described in the fund's current prospectus and statement of additional
information.

Retirement plan assets invested in Class A shares at net asset value will not be
subject to a contingent deferred sales charge and will immediately begin to
accrue service fees.  Dealer commissions on such assets will be paid only on
rollovers of $1 million or more.

Plans of Distribution

The fund has Plans of Distribution or "12b-1 Plans" under which it may finance
activities primarily intended to sell shares, provided the categories of
expenses are approved in advance by the fund's board of trustees. The plans
provide for annual expenses of up to 0.25% for Class A shares, 1.00% for Class
R-1 shares, and up to 1.00%, 0.75% and 0.50% for Class R-2, R-3 and R-4 shares,
respectively. For all share classes, up to 0.25% of these expenses may be used
to pay service fees to qualified dealers for providing certain shareholder
services. The remaining expense for each share class may be used for
distribution expenses.

The 12b-1 fees paid by the fund, as a percentage of average net assets, for the
previous fiscal year are indicated earlier in the Annual Fund Operating Expenses
Table. Since these fees are paid out of the fund's assets or income on an
ongoing basis, over time they will increase the cost and reduce the return of an
investment.

OTHER COMPENSATION TO DEALERS

American Funds Distributors may pay, or sponsor informational meetings for,
dealers as described in the statement of additional information.


                                       12

                                           EuroPacific Growth Fund / Prospectus

<PAGE>

Distributions and Taxes

DIVIDENDS AND DISTRIBUTIONS

The fund intends to distribute dividends to you, usually in December. Capital
gains, if any, are usually distributed in December. When a dividend or capital
gain is distributed, the net asset value per share is reduced by the amount of
the payment.

All dividend and capital gain distributions paid to retirement plan shareholders
will automatically be reinvested.

TAXES ON DISTRIBUTIONS

Dividends and capital gains distributed by the fund to retirement plan accounts
currently are not taxable.

TAXES ON TRANSACTIONS

Distributions taken from a retirement plan account generally are taxable as
ordinary income.

Please see your tax adviser for further information.


                                       13

EuroPacific Growth Fund / Prospectus



<PAGE>

Financial Highlights

The financial highlights table is intended to help you understand the fund's
results for the past five years and is currently only shown for Class A shares.
 A similar table will be shown for the R share classes beginning with the fund's
2003 fiscal year end.  Certain information reflects financial results for a
single fund share. The total returns in the table represent the rate that an
investor would have earned or lost on an investment in the fund (assuming
reinvestment of all dividends and distributions). This information has been
audited by PricewaterhouseCoopers LLP, whose report, along with the fund's
financial statements, is included in the statement of additional information,
which is available upon request.

<TABLE>
<CAPTION>
                                                CLASS A
                                          YEAR ENDED MARCH 31



                             2002       2001       2000      1999       1998
<S>                        <C>        <C>        <C>       <C>       <C>
 NET ASSET VALUE,          $ 28.72    $ 44.61    $ 30.21   $ 29.56    $ 26.70
 BEGINNING OF YEAR
-------------------------------------------------------------------------------
 INCOME FROM INVESTMENT
 OPERATIONS:
 Net investment income/1/      .33        .69        .34       .42        .45
 Net (losses) gains on
 securities (both            (1.16)    (12.65)     15.74      1.85       4.79
 realized and
 unrealized)/1/
---------------------------           -----------------------------------------
 Total from investment        (.83)    (11.96)     16.08      2.27       5.24
 operations
-------------------------------------------------------------------------------
 LESS DISTRIBUTIONS:
 Dividends (from net          (.66)      (.19)      (.29)     (.36)      (.45)
 investment income)
 Distributions (from             -      (3.74)     (1.39)    (1.26)     (1.93)
 capital gains)
-------------------------------------------------------------------------------
 Total distributions          (.66)     (3.93)     (1.68)    (1.62)     (2.38)
-------------------------------------------------------------------------------
 NET ASSET VALUE, END OF   $ 27.23    $ 28.72    $ 44.61   $ 30.21    $ 29.56
 YEAR
-------------------------------------------------------------------------------
 TOTAL RETURN/2/             (2.63)%   (28.02)%    54.32%     8.19%     20.97%
-------------------------------------------------------------------------------
 RATIOS/SUPPLEMENTAL
 DATA:
 Net assets, end of year   $27,765    $28,963    $38,837   $22,083    $21,316
 (in millions)
-------------------------------------------------------------------------------
 Ratio of expenses to          .88%       .84%       .84%      .84%       .86%
 average net assets
-------------------------------------------------------------------------------
 Ratio of net income to       1.21%      1.89%       .93%     1.45%      1.64%
 average net assets
 Portfolio turnover rate        27%        37%        29%       32%        31%
-------------------------------------------------------------------------------
</TABLE>


1 Years ended 1999 and 1998 are based on shares outstanding on the last day of
 the year; all other periods are based on average shares outstanding.
2 Total returns exclude all sales charges, including contingent deferred sales
 charges.

 [logo - EuroPacific Growth Fund]



                                       14

                                           EuroPacific Growth Fund / Prospectus

<PAGE>
[logo - American Funds (sm)]


                                          The right choice for the long term/SM/


<TABLE>
<CAPTION>
<S>      <C>                        <C>
          FOR SHAREHOLDER           American Funds Service Company
          SERVICES                  800/421-0180
          FOR RETIREMENT PLAN       Call your employer or plan
          SERVICES                  administrator
          FOR DEALER SERVICES       American Funds Distributors
                                    800/421-9900
                                    American FundsLine(R)
          FOR 24                    800/325-3590
          -HOUR INFORMATION         American FundsLine OnLine(R)
                                    www.americanfunds.com
          Telephone conversations may be recorded or monitored
          for verification, recordkeeping and quality assurance
          purposes.
-----------------------------------------------------------------------------------
</TABLE>


MULTIPLE TRANSLATIONS  This prospectus may be translated into other languages.
If there is any inconsistency or ambiguity as to the meaning of any word or
phrase in a translation, the English text will prevail.

ANNUAL/SEMI-ANNUAL REPORTS TO SHAREHOLDERS  The shareholder reports contain
additional information about the fund including financial statements, investment
results, portfolio holdings, a statement from portfolio management discussing
market conditions and the fund's investment strategies, and the independent
accountants' report (in the annual report).

STATEMENT OF ADDITIONAL INFORMATION (SAI) AND CODES OF ETHICS The Retirement
Plan SAI contains more detailed information on all aspects of the fund,
including the fund's financial statements, and is incorporated by reference into
this prospectus. The Codes of Ethics describe the personal investing policies
adopted by the fund and the fund's investment adviser and its affiliated
companies.

The Codes of Ethics and current SAI have been filed with the Securities and
Exchange Commission ("SEC"). These and other related materials about the fund
are available for review or to be copied at the SEC's Public Reference Room in
Washington, D.C. (202/942-8090) or on the EDGAR database on the SEC's Internet
Web site at http://www.sec.gov, or, after payment of a duplicating fee, via
e-mail request to publicinfo@sec.gov or by writing the SEC's Public Reference
Section, Washington, D.C. 20549-0102.

HOUSEHOLD MAILINGS  Each year you are automatically sent an updated prospectus,
annual and semi-annual report for the fund. You may also occasionally receive
proxy statements for the fund. In order to reduce the volume of mail you
receive, when possible, only one copy of these documents will be sent to
shareholders that are part of the same family and share the same residential
address.

If you would like to receive individual copies of these documents, or a free
copy of the Retirement Plan SAI or Codes of Ethics, please call American Funds
Service Company at 800/421-0180 or write to the Secretary of the fund at 333
South Hope Street, Los Angeles, California 90071.




[LOGO - recycled bug]





<TABLE>
<CAPTION>
<S>                                <C>
Printed on recycled paper                  Investment Company File No. 811-3734
RPEUPAC-010-0502/MC
-------------------------------------------------------------------------------
THE CAPITAL GROUP COMPANIES
American Funds   Capital Research and Management       Capital International
Capital Guardian        Capital Bank and Trust
</TABLE>

 THE FUND PROVIDES SPANISH TRANSLATION IN CONNECTION WITH THE
PUBLIC OFFERING AND SALE OF ITS SHARES. THE FOLLOWING IS A FAIR
AND ACCURATE ENGLISH TRANSLATION OF A SPANISH LANGUAGE PROSPECTUS
FOR THE FUND.


/s/ VINCENT P. CORTI
    VINCENT P. CORTI
    SECRETARY


<PAGE>
[logo - American Funds (sm)]




                                          The right choice for the long term/SM/




EuroPacific Growth Fund/(R)/

Retirement Plan Prospectus







<TABLE>
<CAPTION>
TABLE OF CONTENTS
<S>  <S>
 1    Risk/Return Summary
 4    Fees and Expenses of the Fund
 5    Investment Objective, Strategies and Risks
 7    Management and Organization
 9    Purchase, Exchange and Sale of Shares
10    Sales Charges
11    Sales Charge Reductions
12    Individual Retirement Account (IRA) Rollovers
12    Plans of Distribution
13    Distributions and Taxes
14    Financial Highlights
</TABLE>







 THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED OR DISAPPROVED OF
 THESE SECURITIES. FURTHER, IT HAS NOT DETERMINED THAT THIS PROSPECTUS IS
 ACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
 OFFENSE.


 PROSPECTUS







 May 15, 2002

<PAGE>

Risk/Return Summary

The fund seeks to make your investment grow over time by investing primarily in
stocks of issuers located in Europe and the Pacific Basin.

The fund is designed for investors seeking capital appreciation and
diversification through investments in stocks of issuers based outside the U.S.
 Investors in the fund should have a long-term perspective and be able to
tolerate potentially wide price fluctuations.

Your investment in the fund is subject to risks, including the possibility that
the value of the fund's investments may fluctuate in response to events
specifically involving the companies in which the fund invests, as well as
economic, political or social events in the U.S. or abroad, and currency
fluctuations.

Your investment in the fund is not a bank deposit and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other government
agency, entity or person.

YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE LIKELIHOOD OF LOSS IS GREATER
IF YOU INVEST FOR A SHORTER PERIOD OF TIME.


                                       1

EuroPacific Growth Fund / Prospectus



<PAGE>

HISTORICAL INVESTMENT RESULTS

The following information provides some indication of the risks of investing in
the fund by showing changes in the fund's investment results from year to year
and by showing how the fund's average annual total returns for various periods
compare with those of a broad measure of market performance. Past results are
not an indication of future results.

CALENDAR YEAR TOTAL RETURNS FOR CLASS A SHARES
(Results do not include a sales charge;
if one were included, results would be lower.)
[bar chart]
1992   2.30%
1993  35.60
1994   1.12
1995  12.87
1996  18.64
1997   9.19
1998  15.54
1999  56.97
2000 -17.84
2001 -12.18
[end chart]


Highest/lowest quarterly results during this time period were:

<TABLE>
<CAPTION>
<S>            <C>      <C>
HIGHEST        29.09%  (quarter ended December 31, 1999)
LOWEST         -14.02%  (quarter ended September 30, 2001)
</TABLE>


The year-to-date result was 1.56% for the three months ended March 31, 2002.


                                       2

                                           EuroPacific Growth Fund / Prospectus

<PAGE>



Unlike the bar chart on the previous page, the Investment Results Table below
reflects, as required by Securities and Exchange Commission rules, the fund's
investment results with the maximum initial sales charge imposed. Class A share
results reflect the maximum initial sales charge of 5.75%. Sales charges are
reduced for purchases of $25,000 or more. Results would be higher if calculated
without a sales charge. All fund results reflect the reinvestment of dividend
and capital gain distributions.

Since the fund's Class R shares were first available on May 15, 2002, comparable
results for these classes are not available for the 2001 calendar year.
<TABLE>
<CAPTION>
 INVESTMENT RESULTS TABLE (WITH MAXIMUM SALES CHARGES IMPOSED)
 AVERAGE ANNUAL TOTAL RETURNS FOR PERIODS ENDED DECEMBER 31, 2001:
                                 ONE YEAR  FIVE YEARS  TEN YEARS   LIFETIME/1/
-------------------------------------------------------------------------------
<S>                              <C>       <C>         <C>        <C>
 CLASS A - BEGAN 4/16/84         -17.22%     6.13%       9.73%       13.41%
 MSCI EAFE Index/2/              -21.21%     1.17%       4.76%       10.81%
 Lipper International Funds
 Average/3/                      -21.71%     2.24%       6.41%       10.72%
</TABLE>


1 Lifetime results are as of the date Class A shares first became available.
2 The Morgan Stanley Capital International EAFE (Europe, Australasia, Far East)
 Index measures all major stock markets outside North America.  This index is
 unmanaged and does not reflect sales charges, commissions, expenses or taxes.
3 The Lipper International Funds Average consists of funds that invest assets in
 securities with primary trading markets outside the United States. The results
 of the underlying funds in the average include the reinvestment of dividend and
 capital gain distributions and brokerage commissions paid by the funds for
 portfolio transactions, but do not reflect sales charges or taxes.


                                       3

EuroPacific Growth Fund / Prospectus



<PAGE>

Fees and Expenses of the Fund


<TABLE>
<CAPTION>
 SHAREHOLDER FEES TABLE (PAID DIRECTLY FROM YOUR INVESTMENT)
                                                                  ALL R SHARE
                                                       CLASS A      CLASSES
<S>                                                    <C>       <C>
 Maximum sales charge imposed on purchases
 (as a percentage of offering price)                   5.75 %/1/     none
 Maximum sales charge imposed on reinvested dividends  none          none
 Maximum deferred sales charge                         none/2/       none
 Redemption or exchange fees                           none          none
</TABLE>


1 Sales charges are reduced or eliminated for purchases of $25,000 or more.
2 A contingent deferred sales charge of 1% applies on certain redemptions made
 within 12 months following purchases of $1 million or more made without a sales
 charge.


<TABLE>
<CAPTION>
 ANNUAL FUND OPERATING EXPENSES TABLE (DEDUCTED FROM FUND ASSETS)
                              CLASS A  R-1/1/  R-2/1/  R-3/1/  R-4/1/   R-5/1/
<S>                           <C>      <C>     <C>     <C>     <C>     <C>
 Management Fees               0.46%   0.46%   0.46%   0.46%   0.46%    0.46%
 Distribution and/or Service
 (12b-1) Fees/2/               0.25%   1.00%   0.75%   0.50%   0.25%    none
 Other Expenses                0.17%   0.24%   0.44%   0.30%   0.22%    0.17%
 Total Annual Fund Operating
 Expenses                      0.88%   1.70%   1.65%   1.26%   0.93%    0.63%
</TABLE>


1 Based on estimated amounts for the current fiscal year.
2 Class A, R-2, R-3 and R-4 12b-1 fees may not exceed 0.25%, 1.00%, 0.75%, and
 0.50%, respectively, of the class' average net assets annually. Class R-1 fees
 will always be 1.00% of the class' average net assets annually.

EXAMPLE

The examples below are intended to help you compare the cost of investing in the
fund with the cost of investing in other mutual funds. The examples assume that
you invest $10,000 in the fund for the time periods indicated, that your
investment has a 5% return each year, that all dividend and capital gain
distributions are reinvested, and that the fund's operating expenses remain the
same as shown above. Although your actual costs may be higher or lower, based on
these assumptions, your cumulative estimated expenses would be:

<TABLE>
<CAPTION>
                        ONE YEAR  THREE YEARS  FIVE YEARS   TEN YEARS
<S>                     <C>       <C>          <C>         <C>
 Class A/1/               $660       $840        $1,035      $1,597
 R-1                      $173       $536        $  923      $2,009
 R-2                      $168       $520        $  897      $1,955
 R-3                      $128       $400        $  692      $1,523
 R-4                      $ 95       $296        $  515      $1,143
 R-5                      $ 64       $202        $  351      $  786
</TABLE>



1 Reflects the maximum initial sales charge in the first year.


                                       4

                                           EuroPacific Growth Fund / Prospectus

<PAGE>

Investment Objective, Strategies and Risks

The fund's investment objective is to provide you with long-term growth of
capital.  Normally, the fund will invest at least 80% of its assets in
securities of issuers located in Europe and the Pacific Basin. Various factors
will be considered when determining whether a country is part of Europe,
including whether a country is part of the MSCI European indices. A country will
be considered part of the Pacific Basin if any of its borders touches the
Pacific Ocean.

The prices of securities held by the fund may decline in response to certain
events, including: those directly involving the companies whose securities are
owned in the fund; conditions affecting the general economy; overall market
changes; global political, social or economic instability; and currency and
interest rate fluctuations. The growth-oriented, equity-type securities
generally purchased by the fund may involve large price swings and potential for
loss.

Investments outside the U.S. may be affected by these events to a greater extent
and may also be affected by differing securities regulations and administrative
difficulties such as delays in clearing and settling portfolio transactions.
 These risks are potentially heightened in connection with investments in
developing countries.

The fund may also hold cash or money market instruments. The size of the fund's
cash position will vary and will depend on various factors, including market
conditions and purchases and redemptions of fund shares. A larger cash position
could detract from the achievement of the fund's objective in a period of rising
market prices; conversely, it would reduce the fund's magnitude of loss in the
event of a general market downturn and provide liquidity to make additional
investments or to meet redemptions.

The fund relies on the professional judgment of its investment adviser, Capital
Research and Management Company, to make decisions about the fund's portfolio
investments. The basic investment philosophy of the investment adviser is to
seek reasonably priced securities that represent good long-term investment
opportunities. This is accomplished not only through fundamental analysis, but
also by meeting with company executives and employees, suppliers, customers and
competitors in order to gain in-depth knowledge of a company's true value.
Securities may be sold when the investment adviser believes they no longer
represent good long-term value.
<TABLE>
<CAPTION>
 INVESTMENT RESULTS TABLE (WITHOUT SALES CHARGES IMPOSED)
 AVERAGE ANNUAL TOTAL RETURNS FOR PERIODS ENDED DECEMBER 31, 2001:
                                 ONE YEAR  FIVE YEARS  TEN YEARS   LIFETIME/1/
-------------------------------------------------------------------------------
<S>                              <C>       <C>         <C>        <C>
 CLASS A - BEGAN 4/16/84         -12.18%     7.40%      10.38%       13.79%
 MSCI EAFE Index/2/              -21.21%     1.17%       4.76%       10.81%
 Lipper International Funds
 Average/3/                      -21.71%     2.24%       6.41%       10.72%
</TABLE>


1 Lifetime results are as of the date Class A shares first became available.
2 The Morgan Stanley Capital International EAFE (Europe, Australasia, Far East)
 Index measures all major stock markets outside North America.  This index is
 unmanaged and does not reflect sales charges, commissions, expenses or taxes.
3 The Lipper International Funds Average consists of funds that invest assets in
 securities with primary trading markets outside the United States. The results
 of the underlying funds in the average include the reinvestment of dividend and
 capital gain distributions and brokerage commissions paid by the funds for
 portfolio transactions, but do not reflect sales charges or taxes.


                                       5

EuroPacific Growth Fund / Prospectus



<PAGE>
 HOLDINGS BY INDUSTRY AS OF MARCH 31, 2002
[pie chart]
Pharmaceuticals 10.73%
Banks 8.34
Oil & Gas 7.11
Food Products 5.35
Semiconductor Equipment & Products 4.86
Other Industries 49.60
Bonds & Notes 0.02
Cash & Equivalents 13.99
[end chart]



<TABLE>
<CAPTION>
                              PERCENT OF                                             PERCENT OF
 PERCENT INVESTED BY COUNTRY  NET ASSETS        TEN LARGEST EQUITY HOLDINGS          NET ASSETS
<S>                           <C>         <C>  <C>                                  <C>
 Europe                                         AstraZeneca                            4.36%
                                               -------------------------------------------------
 United Kingdom                 16.7%           Taiwan Semiconductor Manufacturing     2.32
------------------------------------------     -------------------------------------------------
 Netherlands                     6.8            ING Groep                              1.76
------------------------------------------     -------------------------------------------------
 France                          5.1            Petroleo Brasileiro SA - Petrobas      1.67
------------------------------------------     -------------------------------------------------
 Switzerland                     3.8            Nestle                                 1.51
------------------------------------------     -------------------------------------------------
 Germany                         3.6            Bank of Nova Scotia                    1.38
------------------------------------------     -------------------------------------------------
 Finland                         2.5            Vodafone Group                         1.21
------------------------------------------
 Norway                          1.8            Aventis                                1.18
------------------------------------------     -------------------------------------------------
 Ireland                         1.6            Hon Hai Precision Industry Co.         1.15
------------------------------------------     -------------------------------------------------
 Sweden                          1.2            Koninklijke Ahold                      1.12
------------------------------------------     -------------------------------------------------
 Italy                           1.2
------------------------------------------
 Denmark                          .9
------------------------------------------
 Belgium                          .7
------------------------------------------
 Spain                            .7
------------------------------------------
 Greece                           .6
------------------------------------------
 Russian Federation               .5
------------------------------------------
 Other Europe                     .1
------------------------------------------
 Pacific Basin
 Japan                          13.5
------------------------------------------
 Mexico                          3.7
------------------------------------------
 Canada                          3.5
------------------------------------------
 Taiwan                          3.5
------------------------------------------
 Australia                       3.5
------------------------------------------
 South Korea                     2.9
------------------------------------------
 Hong Kong                       1.7
------------------------------------------
 Singapore                        .5
------------------------------------------
 China                            .4
------------------------------------------
 Philippines                      .3
------------------------------------------
 Chile                            .3
------------------------------------------
 Other
 Brazil                          2.7
------------------------------------------
 South Africa                    1.2
------------------------------------------
 Other Countries                  .5
 Cash & Cash Equivalents        14.0
</TABLE>




Because the fund is actively managed, its holdings will change over time.

For updated information on the fund's portfolio holdings, please visit us at
www.americanfunds.com.


                                       6

                                           EuroPacific Growth Fund / Prospectus

<PAGE>

Management and Organization

INVESTMENT ADVISER

Capital Research and Management Company, an experienced investment management
organization founded in 1931, serves as investment adviser to the fund and other
funds, including those in The American Funds Group. Capital Research and
Management Company, a wholly owned subsidiary of The Capital Group Companies,
Inc., is headquartered at 333 South Hope Street, Los Angeles, CA 90071. Capital
Research and Management Company manages the investment portfolio and business
affairs of the fund. The total management fee paid by the fund, as a percentage
of average net assets, for the previous fiscal year appears earlier in the
Annual Fund Operating Expenses Table.

MULTIPLE PORTFOLIO COUNSELOR SYSTEM

Capital Research and Management Company uses a system of multiple portfolio
counselors in managing mutual fund assets. Under this approach, the portfolio of
a fund is divided into segments managed by individual counselors. Counselors
decide how their respective segments will be invested, within the limits
provided by a fund's objective(s) and policies and by Capital Research and
Management Company's investment committee. In addition, Capital Research and
Management Company's research professionals may make investment decisions with
respect to a portion of a fund's portfolio. The primary individual portfolio
counselors for EuroPacific Growth Fund are:


                                       7

EuroPacific Growth Fund / Prospectus



<PAGE>


<TABLE>
<CAPTION>
 PORTFOLIO COUNSELOR/ FUND       PORTFOLIO COUNSELOR       PRIMARY TITLE WITH INVESTMENT ADVISER
 TITLE (IF APPLICABLE)         EXPERIENCE IN THIS FUND     (OR AFFILIATE) AND INVESTMENT EXPERIENCE
<S>                          <C>                          <C>
 MARK E. DENNING                      11 years             Director, Capital Research and Management Company
 President, Principal            (plus 3 years prior
 Executive Officer and         experience as a research    Investment professional for 20 years, all with
 Trustee                      professional for the fund)   Capital Research and Management Company or
                                                           affiliate

------------------------------------------------------------------------------------------------------------
 STEPHEN E. BEPLER                    18 years             Senior Vice President, Capital Research Company
 Executive Vice President
                                                           Investment professional for 36 years in total;30
                                                           years with Capital Research and Management
                                                           Company or affiliate

------------------------------------------------------------------------------------------------------------
 ROBERT W. LOVELACE                    8 years             President and Director, Capital Research Company
 Senior Vice President           (plus 7 years prior
                               experience as a research    Investment professional for 17 years, all with
                              professional for the fund)   Capital Research and Management Company or
                                                           affiliate

------------------------------------------------------------------------------------------------------------
 ALWYN W. HEONG                        6 years             Senior Vice President, Capital Research Company
 Vice President                  (plus 3 years prior
                               experience as a research    Investment professional for 14 years in total;10
                              professional for the fund)   years with Capital Research and Management
                                                           Company or affiliate

------------------------------------------------------------------------------------------------------------
 MARTIAL G. CHAILLET                   8 years             Senior Vice President, Capital Research Company
                                 (plus 5 years prior
                               experience as a research    Investment professional for 30 years, all with
                              professional for the fund)   Capital Research and Management Company or
                                                           affiliate

 TIMOTHY P. DUNN                       1 year              Vice President, Capital Research and Management
                                 (plus 4 years prior       Company
                              experience as a research
                             professional for the fund)    Investment professional for 16 years in total;12
                                                           years with Capital Research and Management
                                                           Company or affiliate
 CARL M. KAWAJA                        1 year              Senior Vice President and Director, Capital
                                 (plus 8 years prior       Research Company
                              experience as a research
                             professional for the fund)    Investment professional for 14 years in total;11
                                                           years with Capital Research and Management
                                                           Company or affiliate
</TABLE>





                                       8

                                           EuroPacific Growth Fund / Prospectus

<PAGE>

Purchase, Exchange and Sale of Shares

PURCHASES AND EXCHANGES

Class A shares are generally not available for retirement plans using the
PlanPremier or Recordkeeper Direct recordkeeping programs.

Class R shares generally are available only to 401(k) plans, 457 plans,
employer-sponsored 403(b) plans, profit sharing and money purchase pension
plans, defined benefit plans, and non-qualified deferred compensation plans.
Class R shares also are generally available only to retirement plans where plan
level or omnibus accounts are held on the books of the fund. In addition, Class
R-5 shares generally are available only to retirement plans with $1 million or
more in plan assets. Class R shares are not available to retail non-retirement
accounts, traditional and Roth IRAs, Coverdell Education Savings Accounts, SEPs,
SAR-SEPs, SIMPLE IRAs, individual 403(b) plans, and CollegeAmerica accounts.

Eligible retirement plans generally may open an account and purchase Class A or
R shares by contacting any investment dealer (who may impose transaction charges
in addition to those described in this prospectus) authorized to sell the fund's
shares. Some or all R share classes may not be available through certain
investment dealers. Additional shares may be purchased through a plan's
administrator or recordkeeper.

Shares of the fund offered through this prospectus generally may be exchanged
into shares of the same class of other funds in The American Funds Group.
Exchanges of Class A shares from money market funds purchased without a sales
charge generally will be subject to the appropriate sales charge.

THE FUND AND AMERICAN FUNDS DISTRIBUTORS, THE FUND'S DISTRIBUTOR, RESERVE THE
RIGHT TO REJECT ANY PURCHASE ORDER FOR ANY REASON. THE FUND IS NOT DESIGNED TO
SERVE AS A VEHICLE FOR FREQUENT TRADING IN RESPONSE TO SHORT-TERM STOCK MARKET
FLUCTUATIONS. ACCORDINGLY, PURCHASES THAT ARE PART OF EXCHANGE ACTIVITY THAT THE
FUND OR AMERICAN FUNDS DISTRIBUTORS HAVE DETERMINED COULD INVOLVE ACTUAL OR
POTENTIAL HARM TO THE FUND MAY BE REJECTED.

SALES

Please contact your plan administrator or recordkeeper.

VALUING SHARES

The fund's net asset value is the value of a single share. The fund calculates
its net asset value, each day the New York Stock Exchange is open, as of
approximately 4:00 p.m. New York time, the normal close of regular trading.
Assets are valued primarily on the basis of market quotations. However, the fund
has adopted procedures for making "fair value" determinations if market
quotations are not readily available. For example, if events occur that
materially affect the value of the fund's securities that principally trade in
markets outside the U.S. between the close of those markets and the close of
regular trading on the New York Stock Exchange, the securities will be valued at
fair value.


                                       9

EuroPacific Growth Fund / Prospectus



<PAGE>

Your shares will be purchased at the net asset value (plus any applicable sales
charge in the case of Class A shares), or sold at the net asset value next
determined after American Funds Service Company receives and accepts your
request.

Sales Charges

CLASS A SHARES

The initial sales charge you pay when you buy Class A shares differs depending
upon the amount you invest and may be reduced or eliminated for larger purchases
as indicated below. Any applicable sales charge will be paid directly from your
investment and, as a result, will reduce the amount of your investment.


<TABLE>
<CAPTION>                              SALES CHARGE AS A
                                         PERCENTAGE OF
                                                                DEALER
                                                   NET        COMMISSION
                                       OFFERING   AMOUNT       AS % OF
 INVESTMENT                             PRICE    INVESTED   OFFERING PRICE
---------------------------------------------------------------------------
<S>                                    <C>       <C>       <C>
 Less than $25,000                      5.75%     6.10%         5.00%
---------------------------------------------------------------------------
 $25,000 but less than $50,000          5.00%     5.26%         4.25%
---------------------------------------------------------------------------
 $50,000 but less than $100,000         4.50%     4.71%         3.75%
---------------------------------------------------------------------------
 $100,000 but less than $250,000        3.50%     3.63%         2.75%
---------------------------------------------------------------------------
 $250,000 but less than $500,000        2.50%     2.56%         2.00%
---------------------------------------------------------------------------
 $500,000 but less than $750,000        2.00%     2.04%         1.60%
---------------------------------------------------------------------------
 $750,000 but less than $1 million      1.50%     1.52%         1.20%
---------------------------------------------------------------------------
 $1 million or more and certain other   none      none          none
  investments described below
---------------------------------------------------------------------------
</TABLE>


CLASS A PURCHASES NOT SUBJECT TO SALES CHARGE

Employer-sponsored defined contribution-type plans, including certain 403(b)
plans, investing $1 million or more or with 100 or more eligible employees, and
Individual Retirement Account rollovers involving retirement plan assets
invested in the American Funds, may invest with no sales charge and are not
subject to a contingent deferred sales charge.  Also exempt are investments made
through accounts that purchased fund shares before March 15, 2001 and are part
of certain qualified fee-based programs. The distributor may pay dealers up to
1% on investments made in Class A shares with no initial sales charge. The fund
may reimburse the distributor for these payments through its Plans of
Distribution (see below).


                                       10

                                           EuroPacific Growth Fund / Prospectus

<PAGE>

CLASS R SHARES

Class R shares are sold with no initial or deferred sales charges. The
distributor will pay dealers annually, asset-based compensation of 1.00% for
sales of Class R-1 shares, 0.75% for Class R-2 shares, 0.50% for Class R-3
shares, and 0.25% for Class R-4 shares. No dealer compensation is paid on sales
of Class R-5 shares. The fund may reimburse the distributor for these payments
through its Plans of Distribution (see below).

Sales Charge Reductions

Class A sales charges may be reduced in the following ways:

CONCURRENT PURCHASES

Simultaneous purchases of any class of shares of two or more American Funds may
be combined to qualify for a reduced Class A sales charge. Direct purchases of
money market funds are excluded.

RIGHTS OF ACCUMULATION

The current value (or if greater, the amount invested less any withdrawals) of
existing holdings in any class of shares of the American Funds may be taken into
account to determine Class A sales charges. Direct purchases of money market
funds are excluded.

STATEMENT OF INTENTION

Class A sales charges may be reduced by establishing a Statement of Intention. A
Statement of Intention allows all non-money market fund purchases of all share
classes intended to be made over a 13-month period to be combined in order to
determine the applicable sales charge. At the request of a plan, purchases made
during the previous 90 days may be included; however, capital appreciation and
reinvested dividends and capital gains do not apply toward these combined
purchases. A portion of the account may be held in escrow to cover additional
Class A sales charges which may be due if total investments over the 13-month
period do not qualify for the applicable sales charge reduction.


                                       11

EuroPacific Growth Fund / Prospectus



<PAGE>

Individual Retirement Account (IRA) Rollovers

Assets from a retirement plan may be invested in Class A, B, C or F shares of
the American Funds through an IRA rollover plan. All such rollover investments
will be subject to the terms and conditions for Class A, B, C and F shares
contained in the fund's current prospectus and statement of additional
information.

An IRA rollover involving retirement plan assets that offered an investment
option managed by any affiliate of The Capital Group Companies, Inc., including
any of the American Funds, may be invested in:
 . Class A shares at net asset value;
 . Class A shares subject to the applicable initial sales charge;
 . Class B shares;
 . Class C shares; or
 . Class F shares

Retirement plan assets invested in Class A shares with a sales charge, or B, C
or F shares are subject to the terms and conditions contained in the fund's
current prospectus and statement of additional information. Advisers will be
compensated according to the policies associated with each share class as
described in the fund's current prospectus and statement of additional
information.

Retirement plan assets invested in Class A shares at net asset value will not be
subject to a contingent deferred sales charge and will immediately begin to
accrue service fees.  Dealer commissions on such assets will be paid only on
rollovers of $1 million or more.

Plans of Distribution

The fund has Plans of Distribution or "12b-1 Plans" under which it may finance
activities primarily intended to sell shares, provided the categories of
expenses are approved in advance by the fund's board of trustees. The plans
provide for annual expenses of up to 0.25% for Class A shares, 1.00% for Class
R-1 shares, and up to 1.00%, 0.75% and 0.50% for Class R-2, R-3 and R-4 shares,
respectively. For all share classes, up to 0.25% of these expenses may be used
to pay service fees to qualified dealers for providing certain shareholder
services. The remaining expense for each share class may be used for
distribution expenses.

The 12b-1 fees paid by the fund, as a percentage of average net assets, for the
previous fiscal year are indicated earlier in the Annual Fund Operating Expenses
Table. Since these fees are paid out of the fund's assets or income on an
ongoing basis, over time they will increase the cost and reduce the return of an
investment.

OTHER COMPENSATION TO DEALERS

American Funds Distributors may pay, or sponsor informational meetings for,
dealers as described in the statement of additional information.


                                       12

                                           EuroPacific Growth Fund / Prospectus

<PAGE>

Distributions and Taxes

DIVIDENDS AND DISTRIBUTIONS

The fund intends to distribute dividends to you, usually in December. Capital
gains, if any, are usually distributed in December. When a dividend or capital
gain is distributed, the net asset value per share is reduced by the amount of
the payment.

All dividend and capital gain distributions paid to retirement plan shareholders
will automatically be reinvested.

TAXES ON DISTRIBUTIONS

Dividends and capital gains distributed by the fund to retirement plan accounts
currently are not taxable.

TAXES ON TRANSACTIONS

Distributions taken from a retirement plan account generally are taxable as
ordinary income.

Please see your tax adviser for further information.


                                       13

EuroPacific Growth Fund / Prospectus



<PAGE>

Financial Highlights

The financial highlights table is intended to help you understand the fund's
results for the past five years and is currently only shown for Class A shares.
 A similar table will be shown for the R share classes beginning with the fund's
2003 fiscal year end.  Certain information reflects financial results for a
single fund share. The total returns in the table represent the rate that an
investor would have earned or lost on an investment in the fund (assuming
reinvestment of all dividends and distributions). This information has been
audited by PricewaterhouseCoopers LLP, whose report, along with the fund's
financial statements, is included in the statement of additional information,
which is available upon request.

<TABLE>
<CAPTION>
                                                CLASS A
                                          YEAR ENDED MARCH 31



                             2002       2001       2000      1999       1998
<S>                        <C>        <C>        <C>       <C>       <C>
 NET ASSET VALUE,          $ 28.72    $ 44.61    $ 30.21   $ 29.56    $ 26.70
 BEGINNING OF YEAR
-------------------------------------------------------------------------------
 INCOME FROM INVESTMENT
 OPERATIONS:
 Net investment income/1/      .33        .69        .34       .42        .45
 Net (losses) gains on
 securities (both            (1.16)    (12.65)     15.74      1.85       4.79
 realized and
 unrealized)/1/
---------------------------           -----------------------------------------
 Total from investment        (.83)    (11.96)     16.08      2.27       5.24
 operations
-------------------------------------------------------------------------------
 LESS DISTRIBUTIONS:
 Dividends (from net          (.66)      (.19)      (.29)     (.36)      (.45)
 investment income)
 Distributions (from             -      (3.74)     (1.39)    (1.26)     (1.93)
 capital gains)
-------------------------------------------------------------------------------
 Total distributions          (.66)     (3.93)     (1.68)    (1.62)     (2.38)
-------------------------------------------------------------------------------
 NET ASSET VALUE, END OF   $ 27.23    $ 28.72    $ 44.61   $ 30.21    $ 29.56
 YEAR
-------------------------------------------------------------------------------
 TOTAL RETURN/2/             (2.63)%   (28.02)%    54.32%     8.19%     20.97%
-------------------------------------------------------------------------------
 RATIOS/SUPPLEMENTAL
 DATA:
 Net assets, end of year   $27,765    $28,963    $38,837   $22,083    $21,316
 (in millions)
-------------------------------------------------------------------------------
 Ratio of expenses to          .88%       .84%       .84%      .84%       .86%
 average net assets
-------------------------------------------------------------------------------
 Ratio of net income to       1.21%      1.89%       .93%     1.45%      1.64%
 average net assets
 Portfolio turnover rate        27%        37%        29%       32%        31%
-------------------------------------------------------------------------------
</TABLE>


1 Years ended 1999 and 1998 are based on shares outstanding on the last day of
 the year; all other periods are based on average shares outstanding.
2 Total returns exclude all sales charges, including contingent deferred sales
 charges.

 [logo - EuroPacific Growth Fund]



                                       14

                                           EuroPacific Growth Fund / Prospectus

<PAGE>
[logo - American Funds (sm)]


                                          The right choice for the long term/SM/


<TABLE>
<CAPTION>
<S>      <C>                        <C>
          FOR SHAREHOLDER           American Funds Service Company
          SERVICES                  800/421-0180
          FOR RETIREMENT PLAN       Call your employer or plan
          SERVICES                  administrator
          FOR DEALER SERVICES       American Funds Distributors
                                    800/421-9900
                                    American FundsLine(R)
          FOR 24                    800/325-3590
          -HOUR INFORMATION         American FundsLine OnLine(R)
                                    www.americanfunds.com
          Telephone conversations may be recorded or monitored
          for verification, recordkeeping and quality assurance
          purposes.
-----------------------------------------------------------------------------------
</TABLE>


MULTIPLE TRANSLATIONS  This prospectus may be translated into other languages.
If there is any inconsistency or ambiguity as to the meaning of any word or
phrase in a translation, the English text will prevail.

ANNUAL/SEMI-ANNUAL REPORTS TO SHAREHOLDERS  The shareholder reports contain
additional information about the fund including financial statements, investment
results, portfolio holdings, a statement from portfolio management discussing
market conditions and the fund's investment strategies, and the independent
accountants' report (in the annual report).

STATEMENT OF ADDITIONAL INFORMATION (SAI) AND CODES OF ETHICS The Retirement
Plan SAI contains more detailed information on all aspects of the fund,
including the fund's financial statements, and is incorporated by reference into
this prospectus. The Codes of Ethics describe the personal investing policies
adopted by the fund and the fund's investment adviser and its affiliated
companies.

The Codes of Ethics and current SAI have been filed with the Securities and
Exchange Commission ("SEC"). These and other related materials about the fund
are available for review or to be copied at the SEC's Public Reference Room in
Washington, D.C. (202/942-8090) or on the EDGAR database on the SEC's Internet
Web site at http://www.sec.gov, or, after payment of a duplicating fee, via
e-mail request to publicinfo@sec.gov or by writing the SEC's Public Reference
Section, Washington, D.C. 20549-0102.

HOUSEHOLD MAILINGS  Each year you are automatically sent an updated prospectus,
annual and semi-annual report for the fund. You may also occasionally receive
proxy statements for the fund. In order to reduce the volume of mail you
receive, when possible, only one copy of these documents will be sent to
shareholders that are part of the same family and share the same residential
address.

If you would like to receive individual copies of these documents, or a free
copy of the Retirement Plan SAI or Codes of Ethics, please call American Funds
Service Company at 800/421-0180 or write to the Secretary of the fund at 333
South Hope Street, Los Angeles, California 90071.




[LOGO - recycled bug]





<TABLE>
<CAPTION>
<S>                                <C>
Printed on recycled paper                  Investment Company File No. 811-3734
RPEUPAC-010-0502/MC
-------------------------------------------------------------------------------
THE CAPITAL GROUP COMPANIES
American Funds   Capital Research and Management       Capital International
Capital Guardian        Capital Bank and Trust
</TABLE>
<PAGE>


                            EUROPACIFIC GROWTH FUND

                                     Part B
                                Retirement Plan
                      Statement of Additional Information

                                  May 15, 2002


This document is not a prospectus but should be read in conjunction with the
current Retirement Plan Prospectus of EuroPacific Growth Fund (the "fund" or
"EUPAC") dated May 15, 2002. The prospectus may be obtained from your investment
dealer or financial planner or by writing to the fund at the following address:

                            EuroPacific Growth Fund
                              Attention: Secretary
                             333 South Hope Street
                         Los Angeles, California 90071
                                 (213) 486-9200

                               TABLE OF CONTENTS


<TABLE>
<CAPTION>
Item                                                                  Page No.
----                                                                  --------
<S>                                                                   <C>
Certain Investment Limitations and Guidelines . . . . . . . . . . .        2
Description of Certain Securities and Investment Techniques . . . .        2
Fundamental Policies and Investment Restrictions. . . . . . . . . .        6
Management of the Fund  . . . . . . . . . . . . . . . . . . . . . .        9
Taxes and Distributions . . . . . . . . . . . . . . . . . . . . . .       20
Purchase, Exchange and Sale of Shares . . . . . . . . . . . . . . .       24
Sales Charges . . . . . . . . . . . . . . . . . . . . . . . . . . .       27
Class A Sales Charge Reductions . . . . . . . . . . . . . . . . . .       29
Individual Retirement Account (IRA) Rollovers . . . . . . . . . . .       31
Price of Shares . . . . . . . . . . . . . . . . . . . . . . . . . .       31
Shareholder Account Services and Privileges . . . . . . . . . . . .       33
Execution of Portfolio Transactions . . . . . . . . . . . . . . . .       33
General Information . . . . . . . . . . . . . . . . . . . . . . . .       34
Class A Share Investment Results and Related Statistics . . . . . .       35
Appendix. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       37
Financial Statements
</TABLE>




                        EuroPacific Growth Fund - Page 1

<PAGE>


                 CERTAIN INVESTMENT LIMITATIONS AND GUIDELINES

The following limitations and guidelines are considered at the time of purchase,
under normal circumstances, and are based on a percentage of the fund's net
assets unless otherwise noted. This summary is not intended to reflect all of
the fund's investment limitations.


INVESTMENT OBJECTIVE

..    Generally, the fund will invest at least 80% of its assets in securities of
     issuers domiciled in Europe and the Pacific Basin. Various factors will be
     considered when determining whether a country is part of Europe, including
     whether a country is part of the MSCI European indices. A country will be
     considered part of the Pacific Basin if any of its borders touches the
     Pacific Ocean.

..    Although the United States is considered part of the Pacific Basin, the
     fund will normally not purchase equity securities of issuers domiciled in
     the U.S.  Cash and cash equivalents issued by U.S. issuers, however, will
     be treated as Pacific Basin assets.

DEBT SECURITIES

..    The fund may invest up to 5% of its assets in straight debt securities
     rated Baa or BBB or below by Moody's Investor Services, Inc. or Standard &
     Poor's Corporation or in unrated securities that are determined to be of
     equivalent quality by Capital Research and Management Company (the
     "Investment Adviser").

The fund may experience difficulty liquidating certain portfolio securities
during significant market declines or periods of heavy redemptions.


          DESCRIPTION OF CERTAIN SECURITIES AND INVESTMENT TECHNIQUES

The descriptions below are intended to supplement the material in the prospectus
under "Investment Objective, Strategies and Risks."


EQUITY SECURITIES - Equity securities represent an ownership position in a
company. These securities may include common stocks and securities with equity
conversion or purchase rights. The prices of equity securities fluctuate based
on changes in the financial condition of their issuers and on market and
economic conditions.


INVESTING IN VARIOUS COUNTRIES - Investing outside the U.S. involves special
risks, caused by, among other things: currency controls and fluctuating currency
values; different accounting, auditing, and financial reporting regulations and
practices in some countries; changing local and regional economic, political,
and social conditions; expropriation or confiscatory taxation; greater market
volatility; differing securities market structures; and various administrative
difficulties such as delays in clearing and settling portfolio transactions or
in receiving payment of dividends. However, in the opinion of Capital Research
and Management Company, investing outside the U.S. also can reduce certain
portfolio risks due to greater diversification opportunities.


The risks described above are potentially heightened in connection with
investments in developing countries. Although there is no universally accepted
definition, a developing country is generally considered to be a country which
is in the initial stages of its industrialization cycle with a low per capita
gross national product. For example, political and/or economic structures in


                        EuroPacific Growth Fund - Page 2

<PAGE>


these countries may be in their infancy and developing rapidly. Historically,
the markets of developing countries have been more volatile than the markets of
developed countries. The fund may invest in securities of issuers in developing
countries only to a limited extent.


Additional costs could be incurred in connection with the fund's investment
activities outside the U.S. Brokerage commissions may be higher outside the
U.S., and the fund will bear certain expenses in connection with its currency
transactions. Furthermore, increased custodian costs may be associated with the
maintenance of assets in certain jurisdictions.


CURRENCY TRANSACTIONS - The fund can purchase and sell currencies to facilitate
securities transactions and enter into forward currency contracts to protect
against changes in currency exchange rates. A forward currency contract is an
obligation to purchase or sell a specific currency at a future date, which may
be any fixed number of days from the date of the contract agreed upon by the
parties, at a price set at the time of the contract. Forward currency contracts
entered into by the fund will involve the purchase or sale of one currency
against the U.S. dollar. While entering into forward currency transactions could
minimize the risk of loss due to a decline in the value of the hedged currency,
it could also limit any potential gain which might result from an increase in
the value of the currency. The fund will not generally attempt to protect
against all potential changes in exchange rates. The fund will segregate liquid
assets which will be marked to market daily to meet its forward contract
commitments to the extent required by the Securities and Exchange Commission.


Certain provisions of the Internal Revenue Code may affect the extent to which
the fund may enter into forward contracts. Such transactions may also affect the
character and timing of income, gain or loss recognized by the fund for U.S.
federal income tax purposes.


INVESTING IN SMALLER CAPITALIZATION STOCKS - The fund may invest in the stocks
of smaller capitalization companies (typically companies with market
capitalizations of less than $1.5 billion at the time of purchase). The
Investment Adviser believes that the issuers of smaller capitalization stocks
often provide attractive investment opportunities. However, investing in smaller
capitalization stocks can involve greater risk than is customarily associated
with investing in stocks of larger, more established companies. For example,
smaller companies often have limited product lines, markets, or financial
resources, may be dependent for management on one or a few key persons, and can
be more susceptible to losses. Also, their securities may be thinly traded (and
therefore have to be sold at a discount from current prices or sold in small
lots over an extended period of time), may be followed by fewer investment
research analysts, and may be subject to wider price swings, thus creating a
greater chance of loss than securities of larger capitalization companies.


DEBT SECURITIES - Bonds and other debt securities are used by issuers to borrow
money. Issuers pay investors interest and generally must repay the amount
borrowed at maturity. Some debt securities, such as zero coupon bonds, do not
pay current interest, but are purchased at a discount from their face values.
The prices of debt securities fluctuate depending on such factors as interest
rates, credit quality, and maturity. In general, their prices decline when
interest rates rise and increase when interest rates fall.


Lower rated bonds, rated Ba or below by Moody's and BB or below by S&P or
unrated but considered to be of equivalent quality, are described by the rating
agencies as speculative and involve greater risk of default or price changes due
to changes in the issuer's creditworthiness than higher rated bonds, or they may
already be in default. The market prices of these securities


                        EuroPacific Growth Fund - Page 3

<PAGE>


may fluctuate more than higher quality securities and may decline significantly
in periods of general economic difficulty. It may be more difficult to dispose
of, or to determine the value of, lower rated bonds.


Certain risk factors relating to lower rated bonds are discussed below:


     SENSITIVITY TO INTEREST RATE AND ECONOMIC CHANGES - Lower rated bonds, like
     other bonds, may be sensitive to adverse economic changes and political and
     corporate developments and may be sensitive to interest rate changes.
     During an economic downturn or substantial period of rising interest rates,
     highly leveraged issuers may experience increased financial stress that
     would adversely affect their ability to service their principal and
     interest payment obligations, to meet projected business goals, and to
     obtain additional financing. In addition, periods of economic uncertainty
     and changes can be expected to result in increased volatility of market
     prices and yields of lower rated bonds.

     PAYMENT EXPECTATIONS - Lower rated bonds, like other bonds, may contain
     redemption or call provisions. If an issuer exercises these provisions in a
     declining interest rate market, the fund would have to replace the security
     with a lower yielding security, resulting in a decreased return to
     investors. If the issuer of a bond defaults on its obligations to pay
     interest or principal or enters into bankruptcy proceedings, the fund may
     incur losses or expenses in seeking recovery of amounts owed to it.

     LIQUIDITY AND VALUATION - There may be little trading in the secondary
     market for particular bonds, which may affect adversely the fund's ability
     to value accurately or dispose of such bonds. Adverse publicity and
     investor perceptions, whether or not based on fundamental analysis, may
     decrease the value and liquidity of lower rated bonds.

The Investment Adviser attempts to reduce the risks described above through
diversification of the portfolio and by credit analysis of each issuer, as well
as by monitoring broad economic trends and corporate and legislative
developments, but there can be no assurance that it will be successful in doing
so.


SECURITIES WITH EQUITY AND DEBT CHARACTERISTICS - The fund may invest in
securities that have a combination of equity and debt characteristics. These
securities may at times behave more like equity than debt and vice versa. Some
types of convertible bonds or preferred stock automatically convert into common
stock. The prices and yields of non-convertible preferred stock generally move
with changes in interest rates and the issuer's credit quality, similar to the
factors affecting debt securities.


Convertible bonds, convertible preferred stock, and other securities may
sometimes be converted into common stock or other securities at a stated
conversion ratio. These securities, prior to conversion, pay a fixed rate of
interest or a dividend. Because convertible securities have both debt and equity
characteristics, their value varies in response to many factors, including the
value of the underlying equity, general market and economic conditions, and
convertible market valuations, as well as changes in interest rates, credit
spreads, and the credit quality of the issuer.


WARRANTS AND RIGHTS - The fund may purchase warrants, which may be issued
together with bonds or preferred stocks. Warrants generally entitle the holder
to buy a proportionate amount of common stock at a specified price, usually
higher than the current market price. Warrants may be


                        EuroPacific Growth Fund - Page 4

<PAGE>


issued with an expiration date or in perpetuity. Rights are similar to warrants
except that they normally entitle the holder to purchase common stock at a lower
price than the current market price.


U.S. TREASURY AND AGENCY SECURITIES - U.S. Treasury securities include direct
obligations of the U.S. Treasury, such as Treasury bills, notes and bonds. For
these securities, the payment of principal and interest is unconditionally
guaranteed by the U.S. government, and thus they are of the highest possible
credit quality. Such securities are subject to variations in market value due to
fluctuations in interest rates, but, if held to maturity, will be paid in full.


U.S. agency securities include those issued by certain U.S. government
instrumentalities and certain federal agencies. These securities are neither
direct obligations of, nor guaranteed by, the Treasury. However, they generally
involve federal sponsorship in one way or another; some are backed by specific
types of collateral; some are supported by the issuer's right to borrow from the
Treasury; some are supported by the discretionary authority of the Treasury to
purchase certain obligations of the issuer; and others are supported only by the
credit of the issuing government agency or instrumentality. These agencies and
instrumentalities include, but are not limited to: Federal Home Loan Bank,
Federal Home Loan Mortgage Corporation (FHLMC), Federal National Mortgage
Association (FNMA), Tennessee Valley Authority, and Federal Farm Credit Bank
System.


CASH AND CASH EQUIVALENTS - These securities include: (i) commercial paper
(e.g., short-term notes up to 9 months in maturity issued by corporations,
governmental bodies or bank/ corporation sponsored conduits (asset-backed
commercial paper)), (ii) commercial bank obligations (e.g., certificates of
deposit, bankers' acceptances (time drafts on a commercial bank where the bank
accepts an irrevocable obligation to pay at maturity)), (iii) savings
association and savings bank obligations (e.g., bank notes and certificates of
deposit issued by savings banks or savings associations), (iv) securities of the
U.S. government, its agencies or instrumentalities that mature, or may be
redeemed, in one year or less, and (v) corporate bonds and notes that mature, or
that may be redeemed, in one year or less.


FORWARD COMMITMENTS - The fund may enter into commitments to purchase or sell
securities at a future date. When the fund agrees to purchase such securities,
it assumes the risk of any decline in value of the security beginning on the
date of the agreement. When the fund agrees to sell such securities, it does not
participate in further gains or losses with respect to the securities beginning
on the date of the agreement. If the other party to such a transaction fails to
deliver or pay for the securities, the fund could miss a favorable price or
yield opportunity, or could experience a loss.


The fund will not use these transactions for the purpose of leveraging and will
segregate liquid assets which will be marked to market daily in an amount
sufficient to meet its payment obligations in these transactions. Although these
transactions will not be entered into for leveraging purposes, to the extent the
fund's aggregate commitments under these transactions exceed its segregated
assets, the fund temporarily could be in a leveraged position (because it may
have an amount greater than its net assets subject to market risk). Should
market values of the fund's portfolio securities decline while the fund is in a
leveraged position, greater depreciation of its net assets would likely occur
than were it not in such a position. The fund will not borrow money to settle
these transactions and, therefore, will liquidate other portfolio securities in
advance of settlement if necessary to generate additional cash to meet its
obligations thereunder.


                        EuroPacific Growth Fund - Page 5

<PAGE>


REPURCHASE AGREEMENTS - The fund may enter into repurchase agreements, under
which the fund buys a security and obtains a simultaneous commitment from the
seller to repurchase the security at a specified time and price. Repurchase
agreements permit the fund to maintain liquidity and earn income over periods of
time as short as overnight. The seller must maintain with the fund's custodian
collateral equal to at least 100% of the repurchase price, including accrued
interest, as monitored daily by the Investment Adviser. The fund will only enter
into repurchase agreements involving securities in which it could otherwise
invest and with selected banks and securities dealers whose financial condition
is monitored by the Investment Adviser. If the seller under the repurchase
agreement defaults, the fund may incur a loss if the value of the collateral
securing the repurchase agreement has declined and may incur disposition costs
in connection with liquidating the collateral. If bankruptcy proceedings are
commenced with respect to the seller, realization of the collateral by the fund
may be delayed or limited.


RESTRICTED SECURITIES AND LIQUIDITY - The fund may purchase securities subject
to restrictions on resale. Securities not actively traded will be considered
illiquid unless they have been specifically determined to be liquid under
procedures adopted by the fund's board of trustees, taking into account factors
such as the frequency and volume of trading, the commitment of dealers to make
markets and the availability of qualified investors, all of which can change
from time to time. The fund may incur certain additional costs in disposing of
illiquid securities.


                FUNDAMENTAL POLICIES AND INVESTMENT RESTRICTIONS

FUNDAMENTAL POLICIES - The fund has adopted the following fundamental policies
and investment restrictions which may not be changed without approval by holders
of a majority of its outstanding shares. Such majority is defined in the
Investment Company Act of 1940 ("1940 Act") as the vote of the lesser of (i) 67%
or more of the outstanding voting securities present at a meeting, if the
holders of more than 50% of the outstanding voting securities are present in
person or by proxy, or (ii) more than 50% of the outstanding voting securities.
All percentage limitations are considered at the time securities are purchased
and are based on the fund's net assets unless otherwise indicated. None of the
following investment restrictions involving a maximum percentage of assets will
be considered violated unless the excess occurs immediately after, and is caused
by, an acquisition by the fund.


The fund may not:

1.   Invest in securities of another issuer (other than the U.S. government or
its agencies or instrumentalities), if immediately after and as a result of such
investment more than 5% of the value of the total assets would be invested in
the securities of such other issuer (except with respect to 25% of the value of
the total assets, the fund may exceed the 5% limitation with regards to
investments in the securities of any one foreign government);

2.   Invest in companies for the purpose of exercising control or management;

3.   Invest more than 25% of the value of its total assets in the securities of
companies primarily engaged in any one industry;

4.   Invest more than 5% of its total assets in the securities of other
investment companies; such investments shall be limited to 3% of the voting
stock of any investment company provided, however, that investment in the open
market of a closed-end investment company where no


                        EuroPacific Growth Fund - Page 6

<PAGE>


more than customary brokers' commissions are involved and investment in
connection with a merger, consolidation, acquisition or reorganization shall not
be prohibited by this restriction;

5.   Buy or sell real estate in the ordinary course of its business; however,
the fund may invest in securities secured by real estate or interests therein or
issued by companies, including real estate investment trusts and funds, which
invest in real estate or interests therein;

6.   Buy or sell commodities or commodity contracts in the ordinary course of
its business, provided, however, that entering into foreign currency contracts
shall not be prohibited by this restriction;

7.   Invest more than 10% of the value of its total assets in securities which
are not readily marketable or more than 5% of the value of its total assets in
securities which are subject to legal or contractual restrictions on resale
(except repurchase agreements) or engage in the business of underwriting of
securities of other issuers, except to the extent that the disposal of an
investment position may technically constitute the fund an underwriter as that
term is defined under the Securities Act of 1933. The fund may buy and sell
securities outside the U.S. which are not registered with the Securities and
Exchange Commission or marketable in the U.S. without regard to this
restriction. The fund may not enter into any repurchase agreement if, as a
result, more than 10% of total assets would be subject to repurchase agreements
maturing in more than seven days. (See "Repurchase Agreements" above);

8.   Lend any of its assets; provided, however that entering into repurchase
agreements, investment in government obligations, publicly traded bonds,
debentures, other debt securities or in cash equivalents such as short term
commercial paper, certificates of deposit, or bankers acceptances, shall not be
prohibited by this restriction;

9.   Sell securities short except to the extent that the fund contemporaneously
owns or has the right to acquire, at no additional cost, securities identical to
those sold short;

10.  Purchase securities on margin;

11.  Borrow amounts in excess of 5% of the value of its total assets or issue
senior securities. In any event, the fund may borrow only as a temporary measure
for extraordinary or emergency purposes and not for investment in securities;

12.  Mortgage, pledge or hypothecate its total assets to any extent;

13.  Purchase or retain the securities of any issuer, if those individual
officers and trustees of the fund, its investment adviser or principal
underwriter, each owning beneficially more than ^ of 1% of the securities of
such issuer, together own more than 5% of the securities of such issuer;

14.  Invest more than 5% of the value of its total assets in securities of
companies having, together with their predecessors, a record of less than three
years of continuous operation;

15.  Invest in puts, calls, straddles or spreads, or combinations thereof; or

16.  Purchase partnership interests in oil, gas, or mineral exploration,
drilling or mining ventures.


                        EuroPacific Growth Fund - Page 7

<PAGE>


With respect to fundamental investment restriction #7, the fund will not invest
more than 10% of the value of its net assets in securities which are not readily
marketable or more than 5% of the value of its net assets in securities which
are subject to legal or contractual restrictions on resale (except repurchase
agreements).


In addition, it is a non-fundamental policy of the fund that, as to 75% of the
fund's total assets, investments in any one issuer will be limited to no more
than 10% of the voting securities of such issuer.


                        EuroPacific Growth Fund - Page 8

<PAGE>


                             MANAGEMENT OF THE FUND

BOARD OF TRUSTEES AND OFFICERS
<TABLE>
<CAPTION>
                                   YEAR FIRST                                      NUMBER OF BOARDS
                       POSITION     ELECTED                                         WITHIN THE FUND
                       WITH THE     ATRUSTEE     PRINCIPAL OCCUPATION(S) DURING   COMPLEX/2/ ON WHICH  OTHER DIRECTORSHIPS/3/ HELD
    NAME AND AGE         FUND    OF THE FUND/1/           PAST 5 YEARS              TRUSTEE SERVES              BY TRUSTEE
-----------------------------------------------------------------------------------------------------------------------------------
<S>                    <C>       <C>             <C>                              <C>                  <C>
 "NON-INTERESTED" TRUSTEES
-----------------------------------------------------------------------------------------------------------------------------------
 Elisabeth Allison      Trustee       1991        Administrative Director,                 3            None
 Age: 55                                          ANZI, Ltd. (financial
                                                  publishing and consulting);
                                                  Publishing Consultant,
                                                  Harvard Medical School;
                                                  former Senior Vice President,
                                                  Planning and Development,
                                                  McGraw Hill, Inc.
-----------------------------------------------------------------------------------------------------------------------------------
 Robert A. Fox          Trustee       1984        Managing General Partner, Fox            7            Crompton Corporation
 Age:65                                           Investments LP; Professor and
                                                  Executive in Residence,
                                                  University of California,
                                                  Davis; former President and
                                                  Chief Executive Officer,
                                                  Foster Farms
-----------------------------------------------------------------------------------------------------------------------------------
 Alan Greenway          Trustee       1984        President, Greenway                      3            None
 Age: 74                                          Associates, Inc. (management
                                                  consulting services)
-----------------------------------------------------------------------------------------------------------------------------------
 Koichi Itoh            Trustee       1994        Managing Director, Itoh                  3            None
 Age: 61                                          Associates, Ltd.; former
                                                  President, Autosplice KK;
                                                  former President and Chief
                                                  Executive Officer, IMPAC
                                                  (management consulting
                                                  services); former Managing
                                                  Partner, VENCA Management
                                                  (venture capital)
-----------------------------------------------------------------------------------------------------------------------------------
 William H. Kling       Trustee       1987        President, Minnesota Public              6            Irwin Financial
 Age: 60                                          Radio; President, Greenspring                         Corporation;St. Paul
                                                  Co.; President, American                              Companies
                                                  Public Media Group
-----------------------------------------------------------------------------------------------------------------------------------
 John G. McDonald       Trustee       1984        The IBJ Professor of Finance,            8            Plum Creek Timber Co.;
 Age: 64                                          Graduate School of Business,                          Scholastic Corporation;
                                                  Stanford University                                   iStar Financial, Inc.;
                                                                                                        Varian, Inc.; Capstone
                                                                                                        Turbine Corp.
-----------------------------------------------------------------------------------------------------------------------------------
 William I.             Trustee       1992        Chairman of the Board, Irwin             3            Cummins Engine Company,
 Miller/4/                                        Financial Corporation                                 Inc.; Tennant Company
 Age: 46
-----------------------------------------------------------------------------------------------------------------------------------
 Alessandro Ovi         Trustee       2002        Chief Executive Officer,                 2            ST Microelectronics; SEAT
 Age: 58                                          Tecnitel                                              (Telecom Italia); Koru &
                                                                                                        Ferry Europe
-----------------------------------------------------------------------------------------------------------------------------------
 Kirk P. Pendleton      Trustee       1996        Chairman/Chief Executive                 6            York Group, Inc.
 Age: 62                                          Officer, Cairnwood, Inc.
                                                  (venture capital investment)
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>




                        EuroPacific Growth Fund - Page 9


<PAGE>


<TABLE>
<CAPTION>
                                                    PRINCIPAL OCCUPATION(S) DURING
                                      YEAR FIRST           PAST 5 YEARS AND
                                       ELECTED              POSITIONS HELD            NUMBER OF BOARDS
                        POSITION      A TRUSTEE        WITH AFFILIATED ENTITIES        WITHIN THE FUND     OTHER DIRECTORSHIPS/3/
                        WITH THE    AND/OR OFFICER   OR THE PRINCIPAL UNDERWRITER    COMPLEX/2/ ON WHICH            HELD
    NAME AND AGE          FUND      OF THE FUND/1/            OF THE FUND              TRUSTEE SERVES            BY TRUSTEE
-----------------------------------------------------------------------------------------------------------------------------------
<S>                   <C>           <C>             <C>                              <C>                  <C>
 "INTERESTED" TRUSTEES /5,6/
-----------------------------------------------------------------------------------------------------------------------------------
 Mark E. Denning       President,        1994        Director, Capital Research               1            None
 Age: 44               Principal                     and Management Company
                       Executive
                       Officer
                       and
                       Trustee
-----------------------------------------------------------------------------------------------------------------------------------
 Gina H. Despres       Chairman          1999        Senior Vice President and                4            None
 Age: 60               of the                        Special Counsel, Capital
                       Board                         Research and Management
                                                     Company; Vice President,
                                                     Capital Strategy Research,
                                                     Inc.*
-----------------------------------------------------------------------------------------------------------------------------------
 Thierry               Vice              1984        Director, Capital Research               1            None
 Vandeventer           Chairman                      and Management Company
 Age: 66               of the
                       Board
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>




                       EuroPacific Growth Fund - Page 10


<PAGE>



<TABLE>
<CAPTION>
                                                                                  PRINCIPAL OCCUPATION(S) DURING
                                                                                  PAST 5 YEARS AND POSITIONS HELD
                             POSITION          YEAR FIRST ELECTED                    WITH AFFILIATED ENTITIES
                             WITH THE              AN OFFICER                      OR THE PRINCIPAL UNDERWRITER
   NAME AND AGE                FUND              OF THE FUND/1/                             OF THE FUND
--------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                       <C>                 <C>
 OTHER OFFICERS/6/
--------------------------------------------------------------------------------------------------------------------------------
 Stephen E. Bepler          Executive                 1984         Senior Vice President, Capital Research Company*
 Age: 59                  Vice President
--------------------------------------------------------------------------------------------------------------------------------
 Robert W.                 Senior Vice                1996         Senior Vice President and Director, Capital Research and
 Lovelace                   President                              Management Company; Director, American Funds Distributors,
 Age: 39                                                           Inc.*; President and Director, Capital Research Company*
--------------------------------------------------------------------------------------------------------------------------------
 Alwyn Heong                   Vice                   1998         Senior Vice President, Capital Research Company*
 Age: 42                    President
--------------------------------------------------------------------------------------------------------------------------------
 Hiromi Mizugaki               Vice                   1998         Vice President, Capital Research Company*
 Age: 40                    President
--------------------------------------------------------------------------------------------------------------------------------
 Vincent P. Corti           Secretary                 1984         Vice President - Fund Business Management Group, Capital
 Age: 45                                                           Research and Management Company
--------------------------------------------------------------------------------------------------------------------------------
 R. Marcia Gould            Treasurer                 1993         Vice President - Fund Business Management Group, Capital
 Age: 47                                                           Research and Management Company
--------------------------------------------------------------------------------------------------------------------------------
 Dayna G. Yamabe            Assistant                 1998         Vice President - Fund Business Management Group, Capital
 Age: 35                    Treasurer                              Research and Management Company
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>



                       EuroPacific Growth Fund - Page 11


<PAGE>



* Company affiliated with Capital Research and Management Company.
1 Trustees and officers of the fund serve until their resignation, removal or
  retirement.
2 Capital Research and Management Company manages the American Funds consisting
  of 29 funds. Capital Research and Management Company also manages American
  Funds Insurance Series and Anchor Pathway Fund, which serve as the underlying
  investment vehicles for certain variable insurance contracts, and Endowments,
  whose shareholders are limited to certain non-profit organizations.
3 This includes all directorships (other than those in the American Funds Group)
  that are held by each trustee as a director of a public company or a
  registered investment company.
4 May be deemed an "interested person" of the fund due to membership on the
  board of directors of the parent company of a registered broker-dealer.
5 "Interested persons" within the meaning of the 1940 Act on the basis of their
  affiliation with the fund's Investment Adviser, Capital Research and
  Management Company, or its affiliated entities (including the fund's principal
  underwriter).
6 All of the officers listed, except Hiromi Mizugaki, are officers and/or
  directors/trustees of one or more of the other funds for which Capital
  Research and Management Company serves as Investment Adviser.

THE ADDRESS FOR ALL TRUSTEES AND OFFICERS OF THE FUND IS 333 SOUTH HOPE STREET -
55TH FLOOR, LOS ANGELES, CALIFORNIA 90071, ATTENTION: FUND SECRETARY.


                       EuroPacific Growth Fund - Page 12


<PAGE>



FUND SHARES OWNED BY TRUSTEES AS OF DECEMBER 31, 2001

<TABLE>
<CAPTION>
                                                     AGGREGATE DOLLAR RANGE/1/
                                                             OF SHARES
                                                        OWNED IN ALL FUNDS
                                                       IN THE AMERICAN FUNDS
                             DOLLAR RANGE/1/ OF           FAMILY OVERSEEN
          NAME                FUND SHARES OWNED             BY DIRECTOR
-------------------------------------------------------------------------------
<S>                       <C>                       <C>
 "NON-INTERESTED" TRUSTEES
-------------------------------------------------------------------------------
 Elisabeth Allison              Over $100,000              Over $100,000
-------------------------------------------------------------------------------
 Robert A. Fox                Over $100,000                Over $100,000
-------------------------------------------------------------------------------
 Alan Greenway                  $1 - $10,000            $50,001 - $100,000
-------------------------------------------------------------------------------
 Koichi Itoh                 $10,001 - $50,000             Over $100,000
-------------------------------------------------------------------------------
 William H. Kling            $50,001 - $100,000            Over $100,000
-------------------------------------------------------------------------------
 John G. McDonald              Over $100,000               Over $100,000
-------------------------------------------------------------------------------
 William I. Miller/2/          Over $100,000               Over $100,000
-------------------------------------------------------------------------------
 Alessandro Ovi                     None                       None
-------------------------------------------------------------------------------
 Kirk P. Pendleton             Over $100,000               Over $100,000
-------------------------------------------------------------------------------
 "INTERESTED" TRUSTEES/3/
-------------------------------------------------------------------------------
 Mark E. Denning               Over $100,000               Over $100,000
-------------------------------------------------------------------------------
 Gina H. Despres                $1 - $10,000               Over $100,000
-------------------------------------------------------------------------------
 Thierry Vandeventer           Over $100,000               Over $100,000
-------------------------------------------------------------------------------
</TABLE>

1 Ownership disclosure is made using the following ranges:  None; $1 - $10,000;
  $10,001 - $50,000; $50,001 - $100,000 and Over $100,000. The amounts listed
  for "interested" trustees include shares owned through The Capital Group
  Companies, Inc. retirement plan and 401(k) plan.
2 May be deemed an "interested person" of the fund due to membership on the
  board of directors of the parent company of a registered broker-dealer.
3 "Interested persons" within the meaning of the 1940 Act on the basis of their
  affiliation with the fund's Investment Adviser, Capital Research and
  Management Company, or its affiliated entities (including the fund's principal
  underwriter).

TRUSTEE COMPENSATION PAID DURING THE FISCAL YEAR ENDED MARCH 31, 2002

No compensation is paid by the fund to any officer or Trustee who is a director,
officer or employee of the Investment Adviser or its affiliates. The fund pays
annual fees of $21,000 to Trustees who are not affiliated with the Investment
Adviser, plus $1,000 for each Board of Trustees meeting attended, and $500 for
each meeting attended as a member of a committee of the Board of Trustees.


No pension or retirement benefits are accrued as part of fund expenses. The
Trustees may elect, on a voluntary basis, to defer all or a portion of their
fees through a deferred compensation plan in effect for the fund. The fund also
reimburses certain expenses of the Trustees who are not affiliated with the
Investment Adviser.


                       EuroPacific Growth Fund - Page 13

<PAGE>



<TABLE>
<CAPTION>
                                                      TOTAL COMPENSATION (INCLUDING
                                                          VOLUNTARILY DEFERRED
                         AGGREGATE COMPENSATION             COMPENSATION/1/)
                         (INCLUDING VOLUNTARILY         FROM ALL FUNDS MANAGED BY
                        DEFERRED COMPENSATION/1/)    CAPITAL RESEARCH AND MANAGEMENT
         NAME                 FROM THE FUND           COMPANY OR ITS AFFILIATES/2/
-------------------------------------------------------------------------------------
<S>                     <C>                        <C>
 Elisabeth Allison              $27,000                        $ 67,000
-------------------------------------------------------------------------------------
 Robert A. Fox                  $24,500///3/                   $160,500/3/
-------------------------------------------------------------------------------------
 Alan Greenway                  $28,000                        $ 70,000
-------------------------------------------------------------------------------------
 Koichi Itoh                    $27,000/3/                     $ 68,000/3/
-------------------------------------------------------------------------------------
 William H. Kling               $25,500/3/                     $111,500/3/
-------------------------------------------------------------------------------------
 John G. McDonald               $25,500/3/                     $251,500/3/
-------------------------------------------------------------------------------------
 William I. Miller              $24,500/3/                     $ 62,500/3/
-------------------------------------------------------------------------------------
 Alessandro Ovi                    None/4/                     $ 17,500
-------------------------------------------------------------------------------------
 Kirk Pendleton                 $28,000/3/                     $148,500/3/
-------------------------------------------------------------------------------------
</TABLE>


1 Amounts may be deferred by eligible Trustees under a non-qualified deferred
  compensation plan adopted by the fund in 1993. Deferred amounts accumulate at
  an earnings rate determined by the total return of one or more funds in The
  American Funds Group as designated by the Trustees.
2 Capital Research and Management Company manages the American Funds consisting
  of 29 funds. Capital Research and Management Company also manages American
  Funds Insurance Series and Anchor Pathway Fund, which serve as the underlying
  investment vehicles for certain variable insurance contracts, and Endowments,
  whose shareholders are limited to certain non-profit organizations.
3 Since the deferred compensation plan's adoption, the total amount of deferred
  compensation accrued by the fund (plus earnings thereon) through the 2002
  fiscal year for participating Trustees is as follows: Robert A. Fox
  ($281,489), Koichi Itoh ($143,243), William H. Kling ($185,618), John G.
  McDonald ($210,545), William I. Miller ($136,691) and Kirk P. Pendleton
  ($140,143). Amounts deferred and accumulated earnings thereon are not funded
  and are general unsecured liabilities of the fund until paid to the Trustees.
4 Alessandro Ovi was elected Trustee effective January 1, 2002 and, therefore,
  received no compensation from the fund during the fiscal year ended March 31,
  2002.

As of May 1, 2002, the officers and Trustees of the fund and their families, as
a group, owned beneficially or of record less than 1% of the outstanding shares
of the fund.


FUND ORGANIZATION AND THE BOARD OF TRUSTEES

The fund, an open-end, diversified management investment company, was organized
as a Massachusetts business trust on May 17, 1983.


All fund operations are supervised by the fund's Board of Trustees, which meets
periodically and performs duties required by applicable state and federal laws.
Members of the board who are not employed by Capital Research and Management
Company or its affiliates are paid certain fees for services rendered to the
fund as described above. They may elect to defer all or a portion of these fees
through a deferred compensation plan in effect for the fund.


                       EuroPacific Growth Fund - Page 14

<PAGE>


The fund has several different classes of shares, including Class A, R-1, R-2,
R-3, R-4 and R-5 shares. Class R shares are generally only available to
employer-sponsored retirement plans. The shares of each class represent an
interest in the same investment portfolio.  Each class has pro rata rights as to
voting, redemption, dividends and liquidation, except that each class bears
different distribution expenses and may bear different transfer agent fees and
other expenses properly attributable to the particular class as approved by the
Board of Trustees and set forth in the fund's rule 18f-3 Plan. Each class'
shareholders have exclusive voting rights with respect to the respective class'
rule 12b-1 Plans adopted in connection with the distribution of shares and on
other matters in which the interests of one class are different from interests
in another class.  Shares of all classes of the fund vote together on matters
that affect all classes in substantially the same manner. Each class votes as a
class on matters that affect that class alone.


The fund does not hold annual meetings of shareholders. However, significant
matters which require shareholder approval, such as certain elections of board
members or a change in a fundamental investment policy, will be presented to
shareholders at a meeting called for such purpose. Shareholders have one vote
per share owned. At the request of the holders of at least 10% of the shares,
the fund will hold a meeting at which any member of the board could be removed
by a majority vote.


COMMITTEES OF THE BOARD OF TRUSTEES

The fund has an Audit Committee comprised of Elisabeth Allison, Alan Greenway,
Koichi Itoh and Kirk P. Pendleton, none of whom is considered an "interested
person" of the fund within the meaning of the 1940 Act. The Committee oversees
the fund's accounting and financial reporting policies and practices, its
internal controls and the internal controls of the fund's principal service
providers.  The Committee acts as a liaison between the fund's independent
accountants and the full Board of Trustees. There were four Audit Committee
meetings held during the 2002 fiscal year.


The fund has a Contracts Committee comprised of Elisabeth Allison, Robert A.
Fox, Alan Greenway, Koichi Itoh, William H. Kling, John G. McDonald, Alessandro
Ovi and Kirk P. Pendleton, none of whom is considered an "interested person" of
the fund within the meaning of the 1940 Act. William I. Miller is also a member
of the Committee and may technically be deemed an "interested person" of the
fund due to membership on the board of directors of the parent company of a
registered broker-dealer. The Committee's function is to request, review and
consider the information deemed necessary to evaluate the terms of certain
agreements between the fund and its Investment Adviser or the Investment
Adviser's affiliates, such as the investment advisory and service agreement,
principal underwriting agreement, and plans of distribution under rule 12b-1,
that the fund may enter into, renew or continue, and to make its recommendations
to the full Board of Trustees on these matters. There was one Contracts
Committee meeting during the 2002 fiscal year.


The fund has a Nominating Committee comprised of Alan Greenway, William H.
Kling, John G. McDonald and Kirk P. Pendleton, none of whom is considered an
"interested person" of the fund within the meaning of the 1940 Act. The
Committee periodically reviews such issues as the Board's composition,
responsibilities, committees, compensation and other relevant issues, and
recommends any appropriate changes to the full Board of Trustees. The Committee
also evaluates, selects and nominates candidates for independent trustees to the
full Board of Trustees. While the Committee normally is able to identify from
its own resources an ample number of qualified candidates, it will consider
shareholder suggestions of persons to be


                       EuroPacific Growth Fund - Page 15

<PAGE>


considered as nominees to fill future vacancies on the Board.  Such suggestions
must be sent in writing to the Nominating Committee of the fund, c/o the fund's
Secretary, and must be accompanied by complete biographical and occupational
data on the prospective nominee, along with a written consent of the prospective
nominee for consideration of his or her name by the Committee. There were two
Nominating Committee meetings during the 2002 fiscal year.


INVESTMENT ADVISER - The Investment Adviser, Capital Research and Management
Company, founded in 1931, maintains research facilities in the U.S. and abroad
(Los Angeles, San Francisco, New York, Washington, D.C., London, Geneva, Hong
Kong, Singapore and Tokyo) with a staff of professionals, many of whom have
significant investment experience. The Investment Adviser is located at 333
South Hope Street, Los Angeles, CA 90071, and at 135 South State College
Boulevard, Brea, CA 92821. The Investment Adviser's research professionals
travel several million miles a year, making more than 5,000 research visits in
more than 50 countries around the world. The Investment Adviser believes that it
is able to attract and retain quality personnel. The Investment Adviser is a
wholly owned subsidiary of The Capital Group Companies, Inc.


The Investment Adviser is responsible for managing more than $350 billion of
stocks, bonds and money market instruments and serves over 11 million
shareholder accounts of all types throughout the world. These investors include
privately owned businesses and large corporations as well as schools, colleges,
foundations and other non-profit and tax-exempt organizations.


INVESTMENT ADVISORY AND SERVICE AGREEMENT - The Investment Advisory and Service
Agreement (the "Agreement") between the fund and the Investment Adviser will
continue in effect until December 31, 2002, unless sooner terminated, and may be
renewed from year to year thereafter, provided that any such renewal has been
specifically approved at least annually by (i) the Board of Trustees, or by the
vote of a majority (as defined in the 1940 Act) of the outstanding voting
securities of the fund, and (ii) the vote of a majority of Trustees who are not
parties to the Agreement or interested persons (as defined in the 1940 Act) of
any such party, cast in person at a meeting called for the purpose of voting on
such approval. The Agreement provides that the Investment Adviser has no
liability to the fund for its acts or omissions in the performance of its
obligations to the fund not involving willful misconduct, bad faith, gross
negligence or reckless disregard of its obligations under the Agreement. The
Agreement also provides that either party has the right to terminate it, without
penalty, upon 60 days' written notice to the other party, and that the Agreement
automatically terminates in the event of its assignment (as defined in the 1940
Act).


In determining whether to renew the Agreement each year, the Contracts Committee
of the Board of Trustees evaluates information provided by the Investment
Adviser in accordance with Section 15(c) of the 1940 Act, and presents its
recommendations to the full Board of Trustees. At its most recent meeting, the
Committee considered a number of factors in recommending renewal of the existing
Agreement, including the quality of services provided to the fund, fees and
expenses borne by the fund, and financial results of the Investment Adviser.


Members of the Committee discussed the quality of services provided to the fund
and noted that while absolute results were negative during 2000 and the first
nine months of 2001, its results versus other international funds were favorable
over those periods as well as for longer periods of time.  The Committee also
considered the quality and depth of the Investment Adviser's


                       EuroPacific Growth Fund - Page 16

<PAGE>


organization in general and of the investment professionals currently providing
services to the fund.


The Committee observed the fund's expenses for the most recent fiscal year and
earlier periods compared favorably to its peer group. The Committee also
considered steps taken in recent years by the Investment Adviser to help control
transfer agent expenses borne by the fund.


Based on their review, the Committee and the Board concluded that the advisory
fees and other expenses of the fund are fair, both absolutely and in comparison
with those of other funds in the industry, and that shareholders have received
reasonable value in return for paying such fees and expenses.


The Investment Adviser, in addition to providing investment advisory services,
furnishes the services and pays the compensation and travel expenses of persons
to perform the executive, administrative, clerical and bookkeeping functions of
the fund, and provides suitable office space, necessary small office equipment
and utilities, general purpose accounting forms, supplies, and postage used at
the offices of the fund. The fund pays all expenses not assumed by the
Investment Adviser, including, but not limited to: custodian, stock transfer and
dividend disbursing fees and expenses; shareholder recordkeeping and
administrative expenses; costs of the designing, printing and mailing of
reports, prospectuses, proxy statements, and notices to its shareholders; taxes;
expenses of the issuance and redemption of shares of the fund (including stock
certificates, registration and qualification fees and expenses); expenses
pursuant to the fund's Plans of Distribution (described below); legal and
auditing expenses; compensation, fees and expenses paid to trustees unaffiliated
with the Investment Adviser; association dues; costs of stationery and forms
prepared exclusively for the fund; and costs of assembling and storing
shareholder account data.


As compensation for its services, the Investment Adviser receives a monthly fee
which is accrued daily, calculated at the annual rate of 0.69% on the first $500
million of the fund's average net assets, 0.59% of such assets in excess of $500
million but not exceeding $1.0 billion, 0.53% of such assets in excess of $1.0
billion but not exceeding $1.5 billion, 0.50% of such assets in excess of $1.5
billion but not exceeding $2.5 billion, 0.48% of such assets in excess of $2.5
billion but not exceeding $4.0 billion, 0.47% of such assets in excess of $4.0
billion but not exceeding $6.5 billion, 0.46% of such assets in excess of $6.5
billion but not exceeding $10.5 billion, 0.45% of such assets in excess of $10.5
billion but not exceeding $17 billion, 0.44% of such assets in excess of $17
billion but not exceeding $21 billion, 0.43% of such net assets in excess of $21
billion but not exceeding $27 billion, 0.425% of such net assets in excess of
$27 billion but not exceeding $34 billion, 0.42% of such net assets in excess of
$34 billion but not exceeding $44 billion, and 0.415% of such net assets in
excess of $44 billion.


The Investment Adviser has agreed that in the event the Class A expenses of the
fund (with the exclusion of interest, taxes, brokerage costs, extraordinary
expenses such as litigation and acquisitions or other expenses excludable under
applicable state securities laws or regulations) for any fiscal year ending on a
date on which the Agreement is in effect, exceed the expense limitations, if
any, applicable to the fund pursuant to state securities laws or any regulations
thereunder, it will reduce its fee by the extent of such excess and, if required
pursuant to any such laws or any regulations thereunder, will reimburse the fund
in the amount of such excess. To the extent the fund's management fee must be
waived due to Class A share expense ratios exceeding the above limit, management
fees will be reduced similarly for all classes of shares of the fund or other
Class A fees will be waived in lieu of management fees.


                       EuroPacific Growth Fund - Page 17

<PAGE>


For the fiscal years ended 2002, 2001 and 2000, the Investment Adviser received
from the fund advisory fees of $130,797,000, $155,060,000 and $131,596,000,
respectively.


ADMINISTRATIVE SERVICES AGREEMENT - The Administrative Services Agreement (the
"Administrative Agreement") between the fund and the Investment Adviser relating
to the fund's R share classes will continue in effect until December 31, 2002,
unless sooner terminated, and may be renewed from year to year thereafter,
provided that any such renewal has been specifically approved at least annually
by the vote of a majority of Trustees who are not parties to the Administrative
Agreement or interested persons (as defined in the 1940 Act) of any such party,
cast in person at a meeting called for the purpose of voting on such approval.
The Administrative Agreement provides that the fund may terminate the agreement
at any time by vote of a majority of Trustees who are not interested persons of
the fund. The Investment Adviser has the right to terminate the Administrative
Agreement upon 60 days' written notice to the fund. The Administrative Agreement
automatically terminates in the event of its assignment (as defined in the 1940
Act).


Under the Administrative Agreement, the Investment Adviser provides certain
transfer agent and administrative services for shareholders of the fund's R
share classes.  The Investment Adviser contracts with third parties, including
American Funds Service Company, the fund's Transfer Agent, to provide these
services.  Services include, but are not limited to, shareholder account
maintenance, transaction processing, tax information reporting, and shareholder
and fund communications. In addition, the Investment Adviser monitors,
coordinates and oversees the activities performed by third parties providing
such services.


As compensation for its services, the Investment Adviser receives transfer agent
fees for transfer agent services provided to the fund's applicable share
classes.  Transfer agent fees are paid monthly according to a fee schedule
contained in a Shareholder Services Agreement between the fund and American
Funds Service Company. The Investment Adviser also receives an administrative
services fee for administrative services provided to the fund's applicable share
classes.  Administrative services fees are paid monthly, accrued daily and
calculated at the annual rate of 0.15% of the average daily net assets for each
R share class except Class R-5 shares.  For Class R-5 shares, the administrative
fee is paid monthly, accrued daily and calculated at the annual rate of 0.10% of
the average daily net assets of Class R-5 shares.


PRINCIPAL UNDERWRITER AND PLANS OF DISTRIBUTION - American Funds Distributors,
Inc. (the "Principal Underwriter") is the principal underwriter of the fund's
shares. The Principal Underwriter is located at 333 South Hope Street, Los
Angeles, CA 90071; 135 South State College Boulevard, Brea, CA 92821; 3500
Wiseman Boulevard, San Antonio, TX 78251; 8332 Woodfield Crossing Boulevard,
Indianapolis, IN 46240; and 5300 Robin Hood Road, Norfolk, VA 23513.


The Principal Underwriter receives revenues from sales of the fund's shares. For
Class A shares, the Principal Underwriter receives commission revenue consisting
of that portion of the Class A sales charge remaining after the allowances by
the Principal Underwriter to investment dealers. For Class R-1, R-2, R-3 and R-4
shares, the fund pays the Principal Underwriter for advancing the immediate
service fees paid to qualified dealers and advisers who sell the shares.


                       EuroPacific Growth Fund - Page 18

<PAGE>


Commissions, revenue or service fees retained by the Principal Underwriter after
allowances or compensation to dealers were:

<TABLE>
<CAPTION>
                                                                COMMISSIONS,        ALLOWANCE OR

                                              FISCAL YEAR          REVENUE          COMPENSATION
--------------------------------------------------------------
                                                              OR FEES RETAINED       TO DEALERS
                                                              --------------------------------------
<S>                                        <C>                <C>                <C>
                 CLASS A                         2002            $ 4,929,000         $22,338,000
                                                 2001              9.936,000          45,888,000
                                                 2000             11,090,000          52,981,000
----------------------------------------------------------------------------------------------------
</TABLE>


The fund has adopted Plans of Distribution (the "Plans"), pursuant to rule 12b-1
under the 1940 Act. The Principal Underwriter receives amounts payable pursuant
to the Plans (see below). As required by rule 12b-1 and the 1940 Act, the Plans
(together with the Principal Underwriting Agreement) have been approved by the
full Board of Trustees and separately by a majority of the trustees who are not
"interested persons" of the fund and who have no direct or indirect financial
interest in the operation of the Plans or the Principal Underwriting Agreement.
Potential benefits of the Plans to the fund include: shareholder services;
savings to the fund in transfer agency costs; savings to the fund in advisory
fees and other expenses; benefits to the investment process from growth or
stability of assets; and maintenance of a financially healthy management
organization. The selection and nomination of trustees who are not "interested
persons" of the fund are committed to the discretion of the trustees who are not
"interested persons" during the existence of the Plans. The Plans may not be
amended to increase materially the amount spent for distribution without
shareholder approval. Plan expenses are reviewed quarterly and the Plans must be
renewed annually by the Board of Trustees.


Under the Plans, the fund may annually expend the following amounts to finance
any activity primarily intended to result in the sale of fund shares, provided
the fund's Board of Trustees has approved the category of expenses for which
payment is being made: (i) for Class A shares, up to 0.25% of its average daily
net assets attributable to Class A shares; (ii) for Class R-1 shares, 1.00% of
its average daily net assets attributable to Class R-1 shares; (iii) for Class
R-2 shares, up to 1.00% of its average daily net assets attributable to Class
R-2 shares; (iv) for Class R-3 shares, up to 0.75% of its average daily net
assets attributable to Class R-3 shares; and (v) for Class R-4 shares, up to
0.50% of its average daily net assets attributable to Class R-4 shares. The fund
has not adopted a Plan for Class R-5 shares; accordingly, no 12b-1 fees are paid
from Class R-5 share assets.


For Class A shares, (i) up to 0.25% is reimbursed to the Principal Underwriter
for paying service-related expenses, including service fees paid to qualified
dealers, and (ii) up to the amount allowable under the fund's Class A 12b-1
limit is reimbursed to the Principal Underwriter for paying distribution-related
expenses, including for Class A shares dealer commissions and wholesaler
compensation paid on sales of shares of $1 million or more purchased without a
sales charge (including purchases by employer-sponsored defined
contribution-type retirement plans investing $1 million or more or with 100 or
more eligible employees, and retirement plans, endowments and foundations with
$50 million or more in assets) ("no load purchases"). Commissions on no load
purchases of Class A shares, in excess of the Class A Plan limitations not
reimbursed to the Principal Underwriter during the most recent fiscal quarter
are recoverable


                       EuroPacific Growth Fund - Page 19

<PAGE>


for five quarters, provided that such commissions do not exceed the annual
expense limit. After five quarters these commissions are not recoverable. As of
March 31, 2002, unreimbursed expenses which remain subject to reimbursement
under the Plan for Class A shares totaled $25,873,000.


For Class R-1 shares (i) 0.25% is paid to the Principal Underwriter for paying
service-related expenses, including service fees paid to qualified dealers, and
(ii) 0.75% is paid to the Principal Underwriter for distribution-related
expenses, including the financing of commissions paid to qualified dealers.


For Class R-2 shares, currently (i) 0.25% is paid to the Principal Underwriter
for paying service-related expenses, including service fees paid to qualified
dealers, and (ii) 0.50% is paid to the Principal Underwriter for paying
distribution-related expenses, including commissions paid to qualified dealers.


For Class R-3 shares, currently (i) 0.25% is paid to the Principal Underwriter
for paying service-related expenses, including service fees paid to qualified
dealers, and (ii) 0.25% is paid to the Principal Underwriter for paying
distribution-related expenses, including commissions paid to qualified dealers.


For Class R-4 shares, currently 0.25% is paid to the Principal Underwriter for
paying service-related expenses, including service fees paid to qualified
dealers or advisers.


During the 2002 fiscal year, 12b-1 expenses accrued and paid, and if applicable,
unpaid, were:

<TABLE>
<CAPTION>
                               12B-1 EXPENSES            12B-1 LIABILITY

--------------------------        ACCRUED                  OUTSTANDING
                          ----------------------------------------------------
<S>                       <C>                       <C>
        CLASS A                 $69,580,000                 $4,819,000
------------------------------------------------------------------------------
</TABLE>



OTHER COMPENSATION TO DEALERS - The Principal Underwriter, at its expense (from
a designated percentage of its income), currently provides additional
compensation to dealers. Currently, these payments are limited to the top 100
dealers who have sold shares of the fund or other funds in The American Funds
Group. These payments are based principally on a pro rata share of a qualifying
dealer's sales. The Principal Underwriter will, on an annual basis, determine
the advisability of continuing these payments.

                            TAXES AND DISTRIBUTIONS

FUND TAXATION - The fund has elected to be treated as a regulated investment
company under Subchapter M of the Internal Revenue Code ("Code"). A regulated
investment company qualifying under Subchapter M of the Code is required to
distribute to its shareholders at least 90% of its investment company taxable
income (including the excess of net short-term capital gain over net long-term
capital losses) and generally is not subject to federal income tax to the extent
that it distributes annually 100% of its investment company taxable income and
net realized capital gains in the manner required under the Code. The fund
intends to distribute annually all of its investment company taxable income and
net realized capital gains and therefore does not expect to pay federal income
tax, although in certain circumstances the fund may determine that it is in the
interest of shareholders to distribute less than that amount.


                       EuroPacific Growth Fund - Page 20

<PAGE>


To be treated as a regulated investment company under Subchapter M of the Code,
the fund must also (a) derive at least 90% of its gross income from dividends,
interest, payments with respect to securities loans and gains from the sale or
other disposition of securities or foreign currencies, or other income
(including, but not limited to, gains from options, futures or forward
contracts) derived with respect to the business of investing in such securities
or currencies, and (b) diversify its holdings so that, at the end of each fiscal
quarter, (i) at least 50% of the market value of the fund's assets is
represented by cash, U.S. government securities and securities of other
regulated investment companies, and other securities (for purposes of this
calculation, generally limited in respect of any one issuer, to an amount not
greater than 5% of the market value of the fund's assets and 10% of the
outstanding voting securities of such issuer) and (ii) not more than 25% of the
value of its assets is invested in the securities of any one issuer (other than
U.S. government securities or the securities of other regulated investment
companies), or two or more issuers which the fund controls and which are
determined to be engaged in the same or similar trades or businesses.


Under the Code, a nondeductible excise tax of 4% is imposed on the excess of a
regulated investment company's "required distribution" for the calendar year
ending within the regulated investment company's taxable year over the
"distributed amount" for such calendar year. The term "required distribution"
means the sum of (i) 98% of ordinary income (generally net investment income)
for the calendar year, (ii) 98% of capital gain (both long-term and short-term)
for the one-year period ending on October 31 (as though the one-year period
ending on October 31 were the regulated investment company's taxable year), and
(iii) the sum of any untaxed, undistributed net investment income and net
capital gains of the regulated investment company for prior periods. The term
"distributed amount" generally means the sum of (i) amounts actually distributed
by the fund from its current year's ordinary income and capital gain net income
and (ii) any amount on which the fund pays income tax during the periods
described above. Although the fund intends to distribute its net investment
income and net capital gains so as to avoid excise tax liability, the fund may
determine that it is the interest of shareholders to distribute a lesser amount.


The following information may or may not apply to you depending on whether you
hold fund shares in a non-taxable account, such as a qualified retirement plan.
 Please see your tax adviser for more information.


DIVIDENDS AND CAPITAL GAIN DISTRIBUTIONS - Dividends and capital gain
distributions on fund shares will be reinvested in shares of the fund of the
same class.  Dividends and capital gains distributed by the fund to a retirement
plan currently are not taxable.


     DIVIDENDS - The fund intends to follow the practice of distributing
     substantially all of its investment company taxable income, which includes
     any excess of net realized short-term gains over net realized long-term
     capital losses.  Investment company taxable income generally includes
     dividends, interest, net short-term capital gains in excess of net
     long-term capital losses, and certain foreign currency gains, if any, less
     expenses and certain foreign currency losses.

     Under the Code, gains or losses attributable to fluctuations in exchange
     rates which occur between the time the fund accrues receivables or
     liabilities denominated in a foreign currency and the time the fund
     actually collects such receivables, or pays such liabilities, generally are
     treated as ordinary income or ordinary loss. Similarly, on disposition of
     debt securities denominated in a foreign currency and on disposition of


                       EuroPacific Growth Fund - Page 21

<PAGE>


     certain futures contracts, forward contracts and options, gains or losses
     attributable to fluctuations in the value of foreign currency between the
     date of acquisition of the security or contract and the date of disposition
     are also treated as ordinary gain or loss. These gains or losses, referred
     to under the Code as "Section 988" gains or losses, may increase or
     decrease the amount of the fund's investment company taxable income to be
     distributed to its shareholders as ordinary income.


     If the fund invests in stock of certain passive foreign investment
     companies, the fund may be subject to U.S. federal income taxation on a
     portion of any "excess distribution" with respect to, or gain from the
     disposition of, such stock. The tax would be determined by allocating such
     distribution or gain ratably to each day of the fund's holding period for
     the stock. The distribution or gain so allocated to any taxable year of the
     fund, other than the taxable year of the excess distribution or
     disposition, would be taxed to the fund at the highest ordinary income rate
     in effect for such year, and the tax would be further increased by an
     interest charge to reflect the value of the tax deferral deemed to have
     resulted from the ownership of the foreign company's stock. Any amount of
     distribution or gain allocated to the taxable year of the distribution or
     disposition would be included in the fund's investment company taxable
     income and, accordingly, would not be taxable to the fund to the extent
     distributed by the fund as a dividend to its shareholders.


     To avoid such tax and interest, the fund intends to elect to treat these
     securities as sold on the last day of its fiscal year and recognize any
     gains for tax purposes at that time. Under this election, deductions for
     losses are allowable only to the extent of any prior recognized gains, and
     both gains and losses will be treated as ordinary income or loss. The fund
     will be required to distribute any resulting income, even though it has not
     sold the security and received cash to pay such distributions.  Upon
     disposition of these securities, any gain recognized is treated as ordinary
     income and loss is treated as ordinary loss to the extent of any prior
     recognized gain.


     A portion of the difference between the issue price of zero coupon
     securities and their face value ("original issue discount") is considered
     to be income to the fund each year, even though the fund will not receive
     cash interest payments from these securities.  This original issue discount
     (imputed income) will comprise a part of the investment company taxable
     income of the fund which must be distributed to shareholders in order to
     maintain the qualification of the fund as a regulated investment company
     and to avoid federal income taxation at the level of the fund.


     In addition, some of the bonds may be purchased by the fund at a discount
     that exceeds the original issue discount on such bonds, if any.  This
     additional discount represents market discount for federal income tax
     purposes.  The gain realized on the disposition of any bond having a market
     discount may be treated as taxable ordinary income to the extent it does
     not exceed the accrued market discount on such bond or a fund may elect to
     include the market discount in income in tax years to which it is
     attributable.  Generally, accrued market discount may be figured under
     either the ratable accrual method or constant interest method.  If the fund
     has paid a premium over the face amount of a bond, the fund has the option
     of either amortizing the premium until bond maturity and reducing the
     fund's basis in the bond by the amortized amount, or not amortizing and
     treating the premium as part of the bond's basis. In the case of any debt
     security having a fixed maturity date of not more than one year from its
     date of issue, the gain realized on disposition generally will be treated
     as short-term capital gain. In general, any gain


                       EuroPacific Growth Fund - Page 22

<PAGE>


     realized on disposition of a security held less than one year is treated as
     short-term capital gain.


     Dividend and interest income received by the fund from sources outside the
     U.S. may be subject to withholding and other taxes imposed by such foreign
     jurisdictions. Tax conventions between certain countries and the U.S. may
     reduce or eliminate these foreign taxes, however. Most foreign countries do
     not impose taxes on capital gains in respect of investments by foreign
     investors.


     CAPITAL GAIN DISTRIBUTIONS - The fund also intends to follow the practice
     of distributing the entire excess of net realized long-term capital gains
     over net realized short-term capital losses. Net capital gains for a fiscal
     year are computed by taking into account any capital loss carry-forward of
     the fund.

     If any net long-term capital gains in excess of net short-term capital
     losses are retained by the fund for reinvestment, requiring federal income
     taxes to be paid thereon by the fund, the fund intends to elect to treat
     such capital gains as having been distributed to shareholders. As a result,
     each shareholder will report such capital gains as long-term capital gains
     taxable to individual shareholders at a maximum 20% capital gains rate,
     will be able to claim a pro rata share of federal income taxes paid by the
     fund on such gains as a credit against personal federal income tax
     liability, and will be entitled to increase the adjusted tax basis on fund
     shares by the difference between a pro rata share of the retained gains and
     such shareholder's related tax credit.


SHAREHOLDER TAXATION - In January of each year, individual shareholders of the
fund will receive a statement of the federal income tax status of all
distributions. Shareholders of the fund also may be subject to state and local
taxes on distributions received from the fund. Distributions of the excess of
net long-term capital gains over net short-term capital losses which the fund
properly designates as "capital gain dividends" generally will be taxable to
individual shareholders at a maximum 20% capital gains rate, regardless of the
length of time the shares of the fund have been held by such shareholders. Any
loss realized upon the redemption of shares held at the time of redemption for
six months or less from the date of their purchase will be treated as a
long-term capital loss to the extent of any amounts treated as distributions of
long-term capital gain during such six-month period.


Distributions by the fund result in a reduction in the net asset value of the
fund's shares. Should a distribution reduce the net asset value below a
shareholder's cost basis, such distribution would nevertheless be taxable to the
shareholder as ordinary income or capital gain as described above, even though,
from an investment standpoint, it may constitute a partial return of investment
capital.  For this reason, investors should consider the tax implications of
buying shares just prior to a distribution. The price of shares purchased at
that time includes the amount of the forthcoming distribution. Those purchasing
just prior to a distribution will then receive a partial return of investment
capital upon the distribution, which will nevertheless be taxable to them.


The fund may make the election permitted under Section 853 of the Code so that
shareholders may (subject to limitations) be able to claim a credit or deduction
on their federal income tax returns for, and will be required to treat as part
of the amounts distributed to them, their pro rata portion of qualified taxes
paid by the fund to foreign countries (such taxes relate primarily to investment
income).  The fund may make an election under Section 853 of the Code, provided


                       EuroPacific Growth Fund - Page 23

<PAGE>


that more than 50% of the value of the total assets of the fund at the close of
the taxable year consists of securities of foreign corporations.  The foreign
tax credit available to shareholders is subject to certain limitations imposed
by the Code.


Redemptions of shares, including exchanges for shares of another American Fund,
may result in federal, state and local tax consequences (gain or loss) to the
shareholder.  However, conversion from one class to another class in the same
fund should not be a taxable event.


If a shareholder exchanges or otherwise disposes of shares of the fund within 90
days of having acquired such shares, and if, as a result of having acquired
those shares, the shareholder subsequently pays a reduced sales charge for
shares of the fund, or of a different fund, the sales charge previously incurred
in acquiring the fund's shares will not be taken into account (to the extent
such previous sales charges do not exceed the reduction in sales charges) for
the purposes of determining the amount of gain or loss on the exchange, but will
be treated as having been incurred in the acquisition of such other funds. Also,
any loss realized on a redemption or exchange of shares of the fund will be
disallowed to the extent substantially identical shares are reacquired within
the 61-day period beginning 30 days before and ending 30 days after the shares
are disposed of.


The fund will be required to report to the IRS all distributions of investment
company taxable income and capital gains as well as gross proceeds from the
redemption or exchange of fund shares, except in the case of certain exempt
shareholders. Under the backup withholding provisions of Section 3406 of the
Code, distributions of investment company taxable income and capital gains and
proceeds from the redemption or exchange of a regulated investment company may
be subject to withholding of federal income tax in the case of non-exempt U.S.
shareholders who fail to furnish the investment company with their taxpayer
identification numbers and with required certifications regarding their status
under the federal income tax law. Withholding may also be required if the fund
is notified by the IRS or a broker that the taxpayer identification number
furnished by the shareholder is incorrect or that the shareholder has previously
failed to report interest or dividend income. If the withholding provisions are
applicable, any such distributions and proceeds, whether taken in cash or
reinvested in additional shares, will be reduced by the amounts required to be
withheld.


The foregoing discussion of U.S. federal income tax law relates solely to the
application of that law to U.S. persons, i.e., U.S. citizens and residents and
U.S. corporations, partnerships, trusts and estates. Each shareholder who is not
a U.S. person should consider the U.S. and foreign tax consequences of ownership
of shares of the fund, including the possibility that such a shareholder may be
subject to a U.S. withholding tax at a rate of 30% (or a lower rate under an
applicable income tax treaty) on dividend income received by the shareholder.


Shareholders should consult their tax advisers about the application of federal,
state and local tax law in light of their particular situation.


                     PURCHASE, EXCHANGE AND SALE OF SHARES

PURCHASES - Class A shares are generally not available for retirement plans
using the PlanPremier or Recordkeeper Direct recordkeeping programs.


Class R shares are generally only available to 401(k) plans, 457 plans,
employer-sponsored 403(b) plans, profit sharing and money purchase pension
plans, defined benefit plans, and non--


                       EuroPacific Growth Fund - Page 24

<PAGE>


qualified deferred compensation plans. Class R shares are also generally only
available to retirement plans where plan level or omnibus accounts (i.e., no
participant accounts) are held on the books of a fund. In addition, Class R-5
shares are generally only available to retirement plans with at least $1 million
or more in plan assets.  This minimum does not apply to clients of the Personal
Investment Management division of Capital Guardian Trust Company. Class R shares
are not available to retail non-retirement accounts, traditional and Roth IRAs,
Coverdell Education Savings Accounts, SEPs, SAR-SEPs, SIMPLE IRAs, individual
403(b) plans, and CollegeAmerica accounts.


Eligible retirement plans may generally open an account and purchase Class A and
R shares by contacting any investment dealer (who may impose transaction charges
in addition to those described in the fund's prospectus and statement of
additional information) authorized to sell the fund's shares. Additional shares
may be purchased through a plan's administrator or recordkeeper.


THE FUND AND THE PRINCIPAL UNDERWRITER RESERVE THE RIGHT TO REJECT ANY PURCHASE
 ORDER.

EXCHANGES - Shares of the fund generally may be exchanged into shares of the
same class of other funds in The American Funds Group. Exchange purchases are
subject to the minimum investment requirements of the fund purchased and no
sales charge generally applies.  However, exchanges of Class A shares from the
money market funds purchased without a sales charge generally will be subject to
the appropriate sales charge, unless the money market fund shares were acquired
by an exchange from a fund having a sales charge.


Shares may be exchanged into other American Funds by contacting your plan
administrator or recordkeeper.  Shares held in corporate-type retirement plans
for which Capital Bank and Trust Company serves as trustee may not be exchanged
by telephone, Internet, fax or telegraph. Exchange redemptions and purchases are
processed simultaneously at the share prices next determined after the exchange
order is received. EXCHANGE TRANSACTIONS HAVE THE SAME TAX CONSEQUENCES AS
ORDINARY SALES AND PURCHASES.


SALES - Shares of the fund may be sold by contacting your plan administrator or
recordkeeper. Shares are sold at the net asset value next determined after the
request is received in good order by the Transfer Agent, dealer or any of their
designees.


Redemption proceeds will not be mailed until sufficient time has passed to
provide reasonable assurance that checks or drafts (including certified or
cashier's checks) for shares purchased have cleared (which may take up to 15
calendar days from the purchase date). Except for delays relating to clearance
of checks for share purchases or in extraordinary circumstances (and as
permissible under the 1940 Act), sale proceeds will be paid on or before the
seventh day following receipt and acceptance of an order.  Interest will not
accrue or be paid on amounts that represent uncashed distribution or redemption
checks.


Proceeds from a redemption or a dividend or capital gain distribution may be
reinvested without a sales charge in any fund in The American Funds Group within
90 days after the date of the redemption or distribution. Proceeds will be
reinvested in the same share class from which the original redemption or
distribution was made. Redemption proceeds of Class A shares representing direct
purchases in the money market funds that are reinvested in non-money market
funds will be subject to a sales charge. Proceeds will be reinvested at the next
calculated net asset value after the request is received and accepted by the
Transfer Agent.


                       EuroPacific Growth Fund - Page 25

<PAGE>


FUND NUMBERS - Here are the fund numbers for use when making share transactions:

<TABLE>
<CAPTION>
                                                                                              FUND NUMBERS
                                                                                ------------------------------------------
                                                                                CLASS  CLASS  CLASS  CLASS  CLASS   CLASS
FUND                                                                              A     R-1    R-2    R-3    R-4     R-5
--------------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>    <C>    <C>    <C>    <C>    <C>
STOCK AND STOCK/BOND FUNDS
AMCAP Fund/(R)/ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    002   2102   2202   2302   2402    2502
American Balanced Fund/(R)/ . . . . . . . . . . . . . . . . . . . . . . . . .    011   2111   2211   2311   2411    2511
American Mutual Fund/(R)/ . . . . . . . . . . . . . . . . . . . . . . . . . .    003   2103   2203   2303   2403    2503
Capital Income Builder/(R)/ . . . . . . . . . . . . . . . . . . . . . . . . .    012   2112   2212   2312   2412    2512
Capital World Growth and Income Fund/SM/  . . . . . . . . . . . . . . . . . .    033   2133   2233   2333   2433    2533
EuroPacific Growth Fund/(R)/  . . . . . . . . . . . . . . . . . . . . . . . .    016   2116   2216   2316   2416    2516
Fundamental Investors/SM/ . . . . . . . . . . . . . . . . . . . . . . . . . .    010   2110   2210   2310   2410    2510
The Growth Fund of America/(R)/ . . . . . . . . . . . . . . . . . . . . . . .    005   2105   2205   2305   2405    2505
The Income Fund of America/(R)/ . . . . . . . . . . . . . . . . . . . . . . .    006   2106   2206   2306   2406    2506
The Investment Company of America/(R)/  . . . . . . . . . . . . . . . . . . .    004   2104   2204   2304   2404    2504
The New Economy Fund/(R)/ . . . . . . . . . . . . . . . . . . . . . . . . . .    014   2114   2214   2314   2414    2514
New Perspective Fund/(R)/ . . . . . . . . . . . . . . . . . . . . . . . . . .    007   2107   2207   2307   2407    2507
New World Fund/SM/  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    036   2136   2236   2336   2436    2536
SMALLCAP World Fund/(R)/  . . . . . . . . . . . . . . . . . . . . . . . . . .    035   2135   2235   2335   2435    2535
Washington Mutual Investors Fund/SM/  . . . . . . . . . . . . . . . . . . . .    001   2101   2201   2301   2401    2501
BOND FUNDS
American High-Income Municipal Bond Fund/(R)/ . . . . . . . . . . . . . . . .    040    N/A    N/A    N/A    N/A    2540
American High-Income Trust/SM/  . . . . . . . . . . . . . . . . . . . . . . .    021   2121   2221   2321   2421    2521
The Bond Fund of America/SM/  . . . . . . . . . . . . . . . . . . . . . . . .    008   2108   2208   2308   2408    2508
Capital World Bond Fund/(R)/  . . . . . . . . . . . . . . . . . . . . . . . .    031   2131   2231   2331   2431    2531
Intermediate Bond Fund of America/SM/ . . . . . . . . . . . . . . . . . . . .    023   2123   2223   2323   2423    2523
Limited Term Tax-Exempt Bond Fund of America/SM/  . . . . . . . . . . . . . .    043    N/A    N/A    N/A    N/A    2543
The Tax-Exempt Bond Fund of America/(R)/  . . . . . . . . . . . . . . . . . .    019    N/A    N/A    N/A    N/A    2519
The Tax-Exempt Fund of California/(R)/* . . . . . . . . . . . . . . . . . . .    020    N/A    N/A    N/A    N/A    2520
The Tax-Exempt Fund of Maryland/(R)/* . . . . . . . . . . . . . . . . . . . .    024    N/A    N/A    N/A    N/A    2524
The Tax-Exempt Fund of Virginia/(R)/* . . . . . . . . . . . . . . . . . . . .    025    N/A    N/A    N/A    N/A    2525
U.S. Government Securities Fund/SM/ . . . . . . . . . . . . . . . . . . . . .    022   2122   2222   2322   2422    2522
MONEY MARKET FUNDS
The Cash Management Trust of America/(R)/ . . . . . . . . . . . . . . . . . .    009   2109   2209   2309   2409    2509
The Tax-Exempt Money Fund of America/SM/  . . . . . . . . . . . . . . . . . .    039    N/A    N/A    N/A    N/A    2539
The U.S. Treasury Money Fund of America/SM/ . . . . . . . . . . . . . . . . .    049   2149   2249   2349   2449    2549
___________
*Available only in certain states.
</TABLE>



                       EuroPacific Growth Fund - Page 26

<PAGE>


                                 SALES CHARGES

CLASS A SALES CHARGES - The sales charges you pay when purchasing Class A shares
of stock, stock/bond, and bond funds of The American Funds Group are set forth
below. The money market funds of The American Funds Group are offered at net
asset value. (See "Fund Numbers" above for a listing of the funds.)

<TABLE>
<CAPTION>
                                                                                             DEALER
                                                                     SALES CHARGE AS       COMMISSION
                                                                    PERCENTAGE OF THE:    AS PERCENTAGE
                                                                    ------------------       OF THE
AMOUNT OF PURCHASE
AT THE OFFERING PRICE                                              NET AMOUNT  OFFERING     OFFERING
                                                                   -INVESTED-   PRICE         PRICE
------------------------------------------------------------------- --------    -----         -----
<S>                                                                <C>         <C>       <C>
STOCK AND STOCK/BOND FUNDS
Less than $25,000 . . . . . . . . .                                  6.10%      5.75%         5.00%
$25,000 but less than $50,000 . . .                                  5.26       5.00          4.25
$50,000 but less than $100,000. .                                    4.71       4.50          3.75
BOND FUNDS
Less than $100,000 . . . . . . . .                                   3.90       3.75          3.00
STOCK, STOCK/BOND, AND BOND FUNDS
$100,000 but less than $250,000 .                                    3.63       3.50          2.75
$250,000 but less than $500,000 .                                    2.56       2.50          2.00
$500,000 but less than $750,000 .                                    2.04       2.00          1.60
$750,000 but less than $1 million                                    1.52       1.50          1.20
$1 million or more. . . . . . . .                                    none       none          none
----------------------------------------------------------------------------
</TABLE>


CLASS A PURCHASES NOT SUBJECT TO SALES CHARGES - Investments of $1 million or
more are sold with no initial sales charge. Employer-sponsored defined
contribution-type plans investing $1 million or more, or with 100 or more
eligible employees, and Individual Retirement Account rollovers from retirement
plans with assets invested in the American Funds (see "Individual Retirement
Account (IRA) Rollovers" below) may invest with no sales charge and are not
subject to a CDSC.


403(b) plans may be treated as employer-sponsored plans for sales charge
purposes if: (i) the American Funds are principal investment options; (ii) the
employer facilitates the enrollment process by, for example, allowing for onsite
group enrollment meetings held during working hours; and (iii) there is only one
dealer firm assigned to the plans.  403(b) plans meeting these criteria may
invest with no sales charge and are not subject to a CDSC if investing $1
million or more or having 100 or more eligible employees.


Investments made through accounts that purchased Class A shares of the fund
before March 15, 2001 and are part of certain qualified fee-based programs, and
retirement plans, endowments or foundations with $50 million or more in assets,
may also be made with no sales charge and are not subject to a CDSC.  A dealer
concession of up to 1% may be paid by the fund under its Class A Plan of
Distribution on investments made with no initial sales charge.


                       EuroPacific Growth Fund - Page 27

<PAGE>


In addition, Class A shares of the stock, stock/bond and bond funds may be sold
at net asset value to:


(1)  current or retired directors, trustees, officers and advisory board members
of, and certain lawyers who provide services to, the funds managed by Capital
Research and Management Company, current or retired employees of Washington
Management Corporation, current or retired employees and partners of The Capital
Group Companies, Inc. and its affiliated companies, certain family members and
employees of the above persons, and trusts or plans primarily for such persons;

(2)  current registered representatives, retired registered representatives with
respect to accounts established while active, or full-time employees (and their
spouses, parents, and children) of dealers who have sales agreements with the
Principal Underwriter (or who clear transactions through such dealers) and plans
for such persons or the dealers;

(3)  companies exchanging securities with the fund through a merger, acquisition
or exchange offer;

(4)  insurance company separate accounts;

(5)  accounts managed by subsidiaries of The Capital Group Companies, Inc.;

(6)  The Capital Group Companies, Inc., its affiliated companies and Washington
Management Corporation;

(7)  an individual or entity with a substantial business relationship with The
Capital Group Companies, Inc. or its affiliates, as determined by a Vice
President or more senior officer of the Capital Research and Management Company
Fund Administration Unit; and

(8)  wholesalers and full-time employees directly supporting wholesalers
involved in the distribution of insurance company separate accounts whose
underlying investments are managed by any affiliate of The Capital Group
Companies, Inc.

Shares are offered at net asset value to these persons and organizations due to
anticipated economies in sales effort and expense.

DEALER COMMISSIONS AND COMPENSATION - For Class A shares, commissions (up to 1%)
are paid to dealers who initiate and are responsible for purchases of $1 million
or more, for purchases by any employer-sponsored defined contribution-type plan
investing $1 million or more or with 100 or more eligible employees, IRA
rollover accounts of $1 million or more (as described in "Individual Retirement
Account (IRA) Rollovers" below), and for purchases made at net asset value by
certain retirement plans, endowments and foundations with assets of $50 million
or more.  Commissions on investments in Class A shares are paid at the following
rates: 1.00% on amounts to $4 million, 0.50% on amounts over $4 million to $10
million, and 0.25% on amounts over $10 million. Commissions are based on
cumulative investments and are not annually reset.


For Class R-1 shares, annual asset-based compensation of 1.00% is paid by the
Principal Underwriter to dealers who sell Class R-1 shares.


                       EuroPacific Growth Fund - Page 28

<PAGE>


For Class R-2 shares, annual asset-based compensation of 0.75% is paid by the
Principal Underwriter to dealers who sell Class R-2 shares.


For Class R-3 shares, annual asset-based compensation of 0.50% is paid by the
Principal Underwriter to dealers who sell Class R-3 shares.


For Class R-4 shares, annual asset-based compensation of 0.25% is paid by the
Principal Underwriter to dealers who sell Class R-4 shares.


No dealer compensation is paid on sales of Class R-5 shares. The fund has not
adopted a plan for Class R-5 shares; accordingly no 12b-1 fee is paid from Class
R-5 assets.


                        CLASS A SALES CHARGE REDUCTIONS

REDUCING YOUR CLASS A SALES CHARGE - You must let your investment dealer or
American Funds Service Company (the "Transfer Agent") know at the time you
purchase shares if you qualify for a reduction in your sales charge using one or
any combination of the methods described below.


     STATEMENT OF INTENTION - You may enter into a non-binding commitment to
     purchase shares of a fund(s) over a 13-month period and receive the same
     sales charge as if all shares had been purchased at once. This includes
     purchases made during the previous 90 days, but does not include future
     appreciation of your investment or reinvested distributions. The reduced
     sales charges and offering prices set forth in the Prospectus apply to
     purchases of $25,000 or more for equity funds and $100,000 or more for bond
     funds made within a 13-month period subject to the following statement of
     intention (the "Statement"). The Statement is not a binding obligation to
     purchase the indicated amount.

     When a shareholder elects to use a Statement in order to qualify for a
     reduced sales charge, shares equal to 5% of the dollar amount specified in
     the Statement will be held in escrow in the shareholder's account out of
     the initial purchase (or subsequent purchases, if necessary) by the
     Transfer Agent. All dividends and any capital gain distributions on shares
     held in escrow will be credited to the shareholder's account in shares (or
     paid in cash, if requested). If the intended investment is not completed
     within the specified 13-month period, the purchaser will remit to the
     Principal Underwriter the difference between the sales charge actually paid
     and the sales charge which would have been paid if the total of such
     purchases had been made at a single time. The dealer assigned to the
     account at the end of the period will receive an appropriate commission
     adjustment. If the difference is not paid by the close of the Statement
     period, the appropriate number of shares held in escrow will be redeemed to
     pay such difference. If the proceeds from this redemption are inadequate,
     the purchaser will be liable to the Principal Underwriter for the balance
     still outstanding.

     The Statement may be revised upward at any time during the 13-month period,
     and such a revision will be treated as a new Statement, except that the
     13-month period during which the purchase must be made will remain
     unchanged. Accordingly, upon your request, the sales charge paid on
     investments made 90 days prior to the Statement revision will be adjusted
     to reflect the revised Statement.


                       EuroPacific Growth Fund - Page 29

<PAGE>


     Existing holdings eligible for rights of accumulation (see below) may be
     credited toward satisfying the Statement.

     During the Statement period reinvested dividends and capital gain
     distributions, investments in money market funds, and investments made
     under a right of reinstatement will not be credited toward satisfying the
     Statement. The Statement will be considered completed if the shareholder
     dies within the 13-month Statement period. Commissions will not be adjusted
     or paid on the difference between the Statement amount and the amount
     actually invested before the shareholder's death.

     When the trustees of certain retirement plans purchase shares by payroll
     deduction, the sales charge for the investments made during the 13-month
     period will be handled as follows: the total monthly investment will be
     multiplied by 13 and then multiplied by 1.5. The current value of existing
     American Funds investments (other than money market fund investments) and
     any rollovers or transfers reasonably anticipated to be invested in
     non-money market American Funds during the 13-month period are added to the
     figure determined above. The sum is the Statement amount and applicable
     breakpoint level. On the first investment and all other investments made
     pursuant to the Statement, a sales charge will be assessed according to the
     sales charge breakpoint thus determined. There will be no retroactive
     adjustments in sales charges on investments made during the 13-month
     period.

     Shareholders purchasing shares at a reduced sales charge under a Statement
     indicate their acceptance of these terms with their first purchase.

     AGGREGATION - Sales charge discounts are available for certain aggregated
     investments. Individual purchases by a trustee(s) or other fiduciary(ies)
     may be aggregated if the investments are:

     .for a fiduciary account, including employee benefit plans other than
          individual-type employee benefit plans, such as an IRA, 403(b) plan
          (except as described below), or single-participant Keogh-type plan;

     .made for two or more employee benefit plans of a single employer or of
          affiliated employers as defined in the 1940 Act, again excluding
          individual-type employee benefit plans described above; or

     .for participant accounts of a 403(b) plan that are treated as an
          employer-sponsored plan (see "Class A Purchases Not Subject to Sales
          Charges" above), or made for two or more 403(b) plans that are treated
          as employer-sponsored plans of a single employer or affiliated
          employers as defined in the 1940 Act.

     Purchases made for nominee or street name accounts (securities held in the
     name of an investment dealer or another nominee such as a bank trust
     department instead of the customer) may not be aggregated with those made
     for other accounts and may not be aggregated with other nominee or street
     name accounts unless otherwise qualified as described above.

     CONCURRENT PURCHASES - You may combine purchases of all classes of shares
     of two or more funds in The American Funds Group.  Shares of money market
     funds purchased


                       EuroPacific Growth Fund - Page 30

<PAGE>


     through an exchange, reinvestment or cross-reinvestment from a fund having
     a sales charge also qualify. However, direct purchases of the money market
     funds are excluded.

     RIGHTS OF ACCUMULATION - Subject to the limitations described under the
     aggregation policy, you may take into account the current value (or if
     greater, the amount you invested less any withdrawals) of your existing
     holdings in all share classes of The American Funds Group, as well as your
     holdings in Endowments (shares of which may be owned only by tax-exempt
     organizations), to determine your sales charge on investments in accounts
     eligible to be aggregated, or when making a gift to an individual or
     charity. When determining your sales charge, you may also take into account
     the value of your individual holdings, as of the end of the week prior to
     your investment, in various American Legacy variable annuities and variable
     life insurance policies. Direct purchases of the money market funds are
     excluded.

                 INDIVIDUAL RETIREMENT ACCOUNT (IRA) ROLLOVERS

Assets from a retirement plan (plan assets) may be invested in any class of
shares of the American Funds through an IRA rollover plan. All such rollover
investments will be subject to the terms and conditions for Class A, B, C and F
shares contained in the fund's current prospectus and statement of additional
information.


An IRA rollover involving plan assets that offered an investment option managed
by any affiliate of The Capital Group Companies, Inc., including any of the
American Funds, may be invested in: i) Class A shares at net asset value; ii)
Class A shares subject to the applicable initial sales charge; iii) Class B
shares; iv) Class C shares; or v) Class F shares.  Plan assets invested in Class
A shares with a sales charge, B, C or F shares are subject to the terms and
conditions contained in the fund's current prospectus and statement of
additional information.  Advisers will be compensated according to the policies
associated with each share class as described in the fund's current prospectus
and statement of additional information.


Plan assets invested in Class A shares at net asset value will not be subject to
a contingent deferred sales charge and will immediately begin to accrue service
fees (i.e., shares do not have to age).  Dealer commissions will be paid only on
IRA rollovers of $1 million or more according to the schedule applicable to
Class A share investments of $1 million or more (see "Dealer Commissions and
Compensation" above).


IRA rollovers that do not indicate which share class plan assets should be
invested in and which do not have an adviser associated with the account will be
invested in Class F shares. Additional plan assets may be rolled into the
account holding F shares; however, subsequent contributions will not be allowed
to be invested in F shares.

                                PRICE OF SHARES

Shares are purchased at the offering price or sold at the net asset value price
next determined after the purchase or sell order is received and accepted by the
fund or the Transfer Agent; the offering or net asset value price is effective
for orders received prior to the time of determination of the net asset value
and, in the case of orders placed with dealers or their authorized designees,
accepted by the Principal Underwriter, the Transfer Agent, a dealer or any of
their designees. In the case of orders sent directly to the fund or the Transfer
Agent, an investment


                       EuroPacific Growth Fund - Page 31

<PAGE>


dealer MUST be indicated. The dealer is responsible for promptly transmitting
purchase and sell orders to the Principal Underwriter.


Orders received by the investment dealer or authorized designee, the Transfer
Agent, or the fund after the time of the determination of the net asset value
will be entered at the next calculated offering price. Prices which appear in
the newspaper do not always indicate prices at which you will be purchasing and
redeeming shares of the fund, since such prices generally reflect the previous
day's closing price whereas purchases and redemptions are made at the next
calculated price. The price you pay for shares, the offering price, is based on
the net asset value per share which is calculated once daily as of approximately
4:00 p.m. New York time, which is the normal close of trading on the New York
Stock Exchange, each day the Exchange is open. If, for example, the Exchange
closes at 1:00 p.m., the fund's share price would still be determined as of 4:00
p.m. New York time. The New York Stock Exchange is currently closed on weekends
and on the following holidays: New Year's Day, Martin Luther King, Jr. Day,
Presidents' Day, Good Friday, Memorial Day, Independence Day, Labor Day,
Thanksgiving and Christmas Day.


All portfolio securities of funds managed by Capital Research and Management
Company (other than money market funds) are valued, and the net asset value per
share is determined as follows:


1.    Equity securities, including depositary receipts, are valued at the last
reported sale price on the exchange or market on which such securities are
traded, as of the close of business on the day the securities are being valued
or, lacking any sales, at the last available bid price. In cases where equity
securities are traded on more than one exchange, the securities are valued on
the exchange or market determined by the Investment Adviser to be the broadest
and most representative market, which may be either a securities exchange or the
over-the-counter market. Fixed-income securities are valued at prices obtained
from a pricing service, when such prices are available; however, in
circumstances where the Investment Adviser deems it appropriate to do so, such
securities will be valued at the mean quoted bid and asked prices or at prices
for securities of comparable maturity, quality and type.

Short-term securities maturing within 60 days are valued at amortized cost which
approximates market value.


Assets or liabilities initially expressed in terms of non-U.S. currencies are
translated prior to the next determination of the net asset value of the fund's
shares into U.S. dollars at the prevailing market rates.


Securities and assets for which representative market quotations are not readily
available are valued at fair value as determined in good faith under procedures
adopted by authority of the fund's Board. The fair value of all other assets is
added to the value of securities to arrive at the total assets;


2.   Liabilities, including accruals of taxes and other expense items, are
deducted from total assets; and

3.   Net assets so obtained are then divided by the total number of shares
outstanding, and the result, rounded to the nearer cent, is the net asset value
per share.


                       EuroPacific Growth Fund - Page 32

<PAGE>


Any purchase order may be rejected by the Principal Underwriter or by the fund.
The Principal Underwriter will not knowingly sell shares of the fund directly or
indirectly to any person or entity, where, after the sale, such person or entity
would own beneficially directly or indirectly more than 4.5% of the outstanding
shares of the fund without the consent of a majority of the fund's Board of
Trustees.


                  SHAREHOLDER ACCOUNT SERVICES AND PRIVILEGES

ACCOUNT STATEMENTS - Your account is opened in accordance with your registration
instructions. Transactions in the account, such as additional investments, will
be reflected on regular confirmation statements from the Transfer Agent.
Dividend and capital gain reinvestments, and purchases through certain
retirement plans, will be confirmed at least quarterly.


REDEMPTION OF SHARES - The fund's Declaration of Trust permit the fund to direct
the Transfer Agent to redeem the shares of any shareholder for their then
current net asset value per share if at such time the shareholder of record owns
shares having an aggregate net asset value of less than the minimum initial
investment amount required of new shareholders as set forth in the fund's
current registration statement under the 1940 Act, and subject to such further
terms and conditions as the Board of Trustees of the fund may from time to time
adopt.


SHARE CERTIFICATES - Shares are credited to your account and certificates are
not issued unless you request them by writing to the Transfer Agent.
Certificates are not available for the R share classes.


                      EXECUTION OF PORTFOLIO TRANSACTIONS

The Investment Adviser places orders for the fund's portfolio securities
transactions. The Investment Adviser strives to obtain the best available prices
in its portfolio transactions taking into account the costs and quality of
executions. When, in the opinion of the Investment Adviser, two or more brokers
(either directly or through their correspondent clearing agents) are in a
position to obtain the best price and execution, preference may be given to
brokers who have sold shares of the fund or who have provided investment
research, statistical, or other related services to the Investment Adviser. The
fund does not consider that it has an obligation to obtain the lowest available
commission rate to the exclusion of price, service and qualitative
considerations.


There are occasions on which portfolio transactions for the fund may be executed
as part of concurrent authorizations to purchase or sell the same security for
other funds served by the Investment Adviser, or for trusts or other accounts
served by affiliated companies of the Investment Adviser. Although such
concurrent authorizations potentially could be either advantageous or
disadvantageous to the fund, they are effected only when the Investment Adviser
believes that to do so is in the interest of the fund. When such concurrent
authorizations occur, the objective is to allocate the executions in an
equitable manner. The fund will not pay a mark-up for research in principal
transactions.


Brokerage commissions paid on portfolio transactions, including dealer
concessions on underwritings, if applicable, for the fiscal years ended
2002, 2001 and 2000, amounted to $31,219,000, $49,181,000 and $31,649,000,
respectively.


                       EuroPacific Growth Fund - Page 33

<PAGE>


                              GENERAL INFORMATION

CUSTODIAN OF ASSETS - Securities and cash owned by the fund, including proceeds
from the sale of shares of the fund and of securities in the fund's portfolio,
are held by JPMorgan Chase Bank, 270 Park Avenue, New York, NY 10017-2070, as
Custodian. If the fund holds non-U.S. securities, the Custodian may hold these
securities pursuant to sub-custodial arrangements in non-U.S. banks or non-U.S.
branches of U.S. banks.


TRANSFER AGENT - American Funds Service Company, a wholly owned subsidiary of
the Investment Adviser, maintains the records of each shareholder's account,
processes purchases and redemptions of the fund's shares, acts as dividend and
capital gain distribution disbursing agent, and performs other related
shareholder service functions. American Funds Service Company was paid a fee of
$30,762,000 for Class A shares for the 2002 fiscal year.


INDEPENDENT ACCOUNTANTS - PricewaterhouseCoopers LLP, 350 South Grand Avenue,
Los Angeles, CA 90071, serves as the fund's independent accountants providing
audit services, preparation of tax returns and review of certain documents to be
filed with the Securities and Exchange Commission. The financial statements
included in this Statement of Additional Information from the Annual Report have
been so included in reliance on the report of PricewaterhouseCoopers LLP,
independent accountants, given on the authority of said firm as experts in
accounting and auditing. The selection of the fund's independent accountants is
reviewed and determined annually by the Board of Trustees.


PROSPECTUSES, REPORTS TO SHAREHOLDERS AND PROXY STATEMENTS - The fund's fiscal
year ends on March 31. Shareholders are provided updated prospectuses annually
and at least semiannually with reports showing the investment portfolio,
financial statements and other information. The fund's annual financial
statements are audited by the fund's independent accountants,
PricewaterhouseCoopers LLP. In addition, shareholders may also receive proxy
statements for the fund. In an effort to reduce the volume of mail shareholders
receive from the fund when a household owns more than one account, the Transfer
Agent has taken steps to eliminate duplicate mailings of prospectuses,
shareholder reports and proxy statements. To receive additional copies of a
prospectus, report or proxy statement, shareholders should contact the Transfer
Agent.


PERSONAL INVESTING POLICY - The fund, Capital Research and Management Company
and its affiliated companies, including the fund's principal underwriter, have
adopted codes of ethics which allow for personal investments, including
securities in which the fund may invest from time to time. This policy includes:
a ban on acquisitions of securities pursuant to an initial public offering;
restrictions on acquisitions of private placement securities; pre-clearance and
reporting requirements; review of duplicate confirmation statements; annual
recertification of compliance with codes of ethics; blackout periods on personal
investing for certain investment personnel; ban on short-term trading profits
for investment personnel; limitations on service as a director of publicly
traded companies; and disclosure of personal securities transactions.


OTHER INFORMATION - The financial statements including the investment portfolio
and the report of Independent Accountants contained in the Annual Report are
included in this Statement of Additional Information. The following information
is not included in the Annual Report:


                       EuroPacific Growth Fund - Page 34

<PAGE>


             DETERMINATION OF NET ASSET VALUE, REDEMPTION PRICE AND
     MAXIMUM OFFERING PRICE PER SHARE FOR CLASS A SHARES -- MARCH 31, 2002

<TABLE>
<CAPTION>
<S>                                                               <C>
Net asset value and redemption price per share
  (Net assets divided by shares outstanding) . . . . . . . . .      $27.29
Maximum offering price per share
  (100/94.25 of net asset value per share,
  which takes into account the fund's current maximum
  sales charge). . . . . . . . . . . . . . . . . . . . . . . .      $28.95
</TABLE>


            CLASS A SHARE INVESTMENT RESULTS AND RELATED STATISTICS

The fund's yield was 0.84% based on a 30-day (or one month) period ended March
31, 2002, computed by dividing the net investment income per share earned during
the period by the maximum offering price per share on the last day of the
period, according to the following formula as required by the Securities and
Exchange Commission:


     YIELD = 2[((a-b)/cd + 1)/6/ -1]

     Where:  a   = dividends and interest earned during the period.

             b   = expenses accrued for the period (net of reimbursements).

             c   = the average daily number of shares outstanding during the
                   period that were entitled to receive dividends.

             d   = the maximum offering price per share on the last day of the
                   period.

The fund may also calculate a distribution rate on a taxable and tax equivalent
basis. The distribution rate is computed by dividing the dividends paid by the
fund over the last 12 months by the sum of the month-end net asset value or
maximum offering price and the capital gains paid over the last 12 months. The
distribution rate may differ from the yield.


The fund's one-year total return and five- and ten-year average annual total
returns at the maximum offering price for the periods ended March 31, 2002 were
-8.23%, 5.93% and 9.76%, respectively.  The fund's one-year total return and
five- and ten-year average annual total returns at net asset value for the
periods ended March 31, 2002 were -2.63%, 7.19% and 10.41%, respectively.


The average total return ("T") is computed by equating the value at the end of
the period ("ERV") with a hypothetical initial investment of $1,000 ("P") over a
period of years ("n") according to the following formula as required by the
Securities and Exchange Commission: P(1+T)/n/ = ERV.


In calculating average annual total return at the maximum offering price, the
fund assumes: (1) deduction of the maximum sales load of 5.75% from the $1,000
initial investment; (2) reinvestment of dividends and distributions at net asset
value on the reinvestment date determined by the Board; and (3) a complete
redemption at the end of any period illustrated. In addition, the fund will
provide lifetime average total return figures. From time to time, the fund may
calculate investment results for Class B, C, F, 529 and R shares.


                       EuroPacific Growth Fund - Page 35

<PAGE>


The fund may also, at times, calculate total return based on net asset value per
share (rather than the offering price), in which case the figure would not
reflect the effect of any sales charges which would have been paid if shares
were purchased during the period reflected in the computation. Consequently,
total return calculated in this manner will be higher. These total returns may
be calculated over periods in addition to those described above. Total return
for the unmanaged indices will be calculated assuming reinvestment of dividends
and interest, but will not reflect any deductions for advisory fees, brokerage
costs or administrative expenses.


The fund may include information on its investment results and/or comparisons of
its investment results to various unmanaged indices (such as the Dow Jones
Average of 30 Industrial Stocks and the Standard and Poor's 500 Composite Stock
Index) or results of other mutual funds or investment or savings vehicles in
advertisements or in reports furnished to present or prospective shareholders.
The fund may also, from time to time, combine its results with those of other
funds in The American Funds Group for purposes of illustrating investment
strategies involving multiple funds.


The fund may refer to results and surveys compiled by organizations such as CDA/
Wiesenberger, Ibbotson Associates, Lipper Analytical Services, Morningstar,
Inc., and by the U.S. Department of Commerce. Additionally, the fund may refer
to results published in various newspapers and periodicals, including Barron's,
                                                                      --------
Forbes, Fortune, Institutional Investor, Kiplinger's Personal Finance Magazine,
------  -------  ----------------------  -------------------------------------
Money, U.S. News and World Report and The Wall Street Journal.
-----  --------------------------     -----------------------


The fund may illustrate the benefits of tax-deferral by comparing taxable
investments to investments made through tax-deferred retirement plans.


The fund may compare its investment results with the Consumer Price Index, which
is a measure of the average change in prices over time in a fixed market basket
of goods and services (e.g. food, clothing, fuels, transportation, and other
goods and services that people buy for day-to-day living).


                       EuroPacific Growth Fund - Page 36

<PAGE>


                                    APPENDIX
                          Description of Bond Ratings

BOND RATINGS - The ratings of Moody's Investors Service, Inc. ("Moody's") and
Standard & Poor's Corporation ("Standard & Poor's") are based on the analysis
and represents a judgment expressed in shorthand terms of the strengths and
weaknesses of the bonds which they undertake to rate. It should be emphasized,
however, that ratings are general and are not absolute standards of quality.


Moody's rates the long-term debt securities issued by various entities from
-------
"Aaa" to "C." Moody's applies the numerical modifiers 1, 2, and 3 in each
generic rating classification from Aa through B in its corporate bond rating
system. The modifier 1 indicates that the security ranks in the higher end of
its generic rating category; the modifier 2 indicates a mid-range ranking; and
the modifier 3 indicates that the issue ranks in the lower end of its generic
rating category. Ratings are described as follows:


"Bonds which are rated Aaa are judged to be of the best quality. They carry the
smallest degree of investment risk and are generally referred to as 'gilt edge.'
Interest payments are protected by a large or by an exceptionally stable margin,
and principal is secure. While the various protective elements are likely to
change, such changes as can be visualized are most unlikely to impair the
fundamentally strong position of such issues."


"Bonds which are rated Aa are judged to be of high quality by all standards.
Together with the Aaa group, they comprise what are generally known as
high-grade bonds. They are rated lower than the best bonds because margins of
protection may not be as large as in Aaa securities, or fluctuation of
protective elements may be of greater amplitude, or there may be other elements
present which make the long-term risks appear somewhat larger than the Aaa
securities."


"Bonds which are rated A possess many favorable investment attributes and are to
be considered as upper medium grade obligations. Factors giving security to
principal and interest are considered adequate, but elements may be present
which suggest a susceptibility to impairment sometime in the future."


"Bonds which are rated Baa are considered as medium grade obligations, i.e.,
they are neither highly protected nor poorly secured. Interest payments and
principal security appear adequate for the present but certain protective
elements may be lacking or may be characteristically unreliable over any great
length of time. Such bonds lack outstanding investment characteristics and, in
fact, have speculative characteristics as well."


"Bonds which are rated Ba are judged to have speculative elements; their future
cannot be considered as well assured. Often the protection of interest and
principal payments may be very moderate and thereby not well safeguarded during
both good and bad times over the future. Uncertainty of position characterizes
bonds in this class."


"Bonds which are rated B generally lack characteristics of the desirable
investment. Assurance of interest and principal payments or of maintenance of
other terms of the contract over any long period of time may be small."


"Bonds which are rated Caa are of poor standing. Such issues may be in default
or there may be present elements of danger with respect to principal or
interest."


                       EuroPacific Growth Fund - Page 37

<PAGE>


"Bonds which are rated Ca represent obligations which are speculative in a high
degree. Such issues are often in default or have other marked shortcomings."


"Bonds which are rated C are the lowest rated class of bonds, and issues so
rated can be regarded as having extremely poor prospects of ever attaining any
real investment standing."


Standard & Poor's rates the long-term debt securities of various entities in
-----------------
categories ranging from "AAA" to "D" according to quality. The ratings from "AA"
to "CCC" may be modified by the addition of a plus (+) or minus (-) sign to show
relative standing within the major rating categories. Ratings are described as
follows:


AAA
"An obligation rated 'AAA' has the highest rating assigned by Standard & Poor's.
The obligor's capacity to meet its financial commitment on the obligation is
extremely strong."


AA
"An obligation rated 'AA' differs from the highest rated obligations only in a
small degree. The obligor's capacity to meet its financial commitment on the
obligation is very strong."


A
"An obligation rated 'A' is somewhat more susceptible to the adverse effects of
changes in circumstances and economic conditions that obligations in higher
rated categories. However, the obligor's capacity to meet its financial
commitment on the obligation is still strong."


BBB
"An obligation rated 'BBB' exhibits adequate protection parameters. However,
adverse economic conditions or changing circumstances are more likely to lead to
a weakened capacity of the obligor to meet its financial commitment on the
obligation. Obligations rated 'BB', 'B', 'CCC', 'CC' and 'C' are regarded as
having significant speculative characteristics. 'BB' indicates the least degree
of speculation and 'C' the highest. While such obligations will likely have some
quality and protective characteristics, these may be outweighed by large
uncertainties or major exposures to adverse conditions."


BB
"An obligation rated 'BB' is less vulnerable to nonpayment than other
speculative issues. However, it faces major ongoing uncertainties or exposure to
adverse business, financial or economic conditions which could lead to the
obligor's inadequate capacity to meet its financial commitment on the
obligation."

B
"An obligation rated 'B' is more vulnerable to nonpayment than obligations rated
'BB' but the obligor currently has the capacity to meet its financial commitment
on the obligation. Adverse business, financial or economic conditions will
likely impair the obligor's capacity or willingness to meet its financial
commitment on the obligation."


                       EuroPacific Growth Fund - Page 38

<PAGE>


CCC
"An obligation rated 'CCC' is currently vulnerable to nonpayment and is
dependent upon favorable business, financial and economic conditions for the
obligor to meet its financial commitment on the obligation. In the event of
adverse business, financial or economic conditions, the obligor is not likely to
have the capacity to meet its financial commitment on the obligation."

CC
"An obligation rated 'CC' is currently highly vulnerable to nonpayment."

C
"A subordinated debt or preferred stock obligation rated 'C' is CURRENTLY HIGHLY
VULNERABLE to nonpayment. The 'C' rating may be used to cover a situation where
a bankruptcy petition has been filed or similar action taken but payments on
this obligation are being continued. A 'C' also will be assigned to a preferred
stock issue in arrears on dividends or sinking fund payments but that is
currently paying."

D
"An obligation rated 'D' is in payment default. The 'D' rating category is used
when payments on an obligation are not made on the date due even if the
applicable grace period has not expired, unless Standard & Poor's believes that
such payments will be made during such grace period. The 'D' rating also will be
used upon the filing of a bankruptcy petition or the taking of a similar action
if payments on an obligation are jeopardized."


                       EuroPacific Growth Fund - Page 39

<TABLE>
<S>                                                                      <C>                     <C>          <C>
EuroPacific Growth Fund
Investment Portfolio, March 31, 2001

[pie chart                                                                               Largest               Percent
Industry Diversification                                                              Individual                of Net
Percent of Net Assets                                                                   Holdings                Assets

 9.78%  Pharmaceuticals                                                              AstraZeneca                   4.05
 7.80%  Banks                                                                     Vodafone Group                   2.67
 7.69%  Media                                                                               Elan                   2.10
 5.29%  Oil & Gas                                                                        Samsung                   1.82
                                                                                     Electronics
 4.80%  Semiconductor Equipment & Products                                                Taiwan
                                                                                  Semiconductor
45.49%  Other Industries                                                           Manufacturing                   1.48
 0.08%  Bonds & Notes                                                          Hon Hai Precision
19.07%  Cash & Equivalents                                                              Industry                   1.48
[end pie chart]                                                                      Royal Dutch Petroleum/
                                                                              "Shell" Transport
                                                                                     and Trading                   1.46
                                                                                       ING Groep                   1.39
                                                                               Vivendi Universal                   1.35
                                                                                          Nestle                   1.33



                                                                                       Shares or       Market  Percent
                                                                                       Principal        Value   of Net
EQUITY SECURITIES (common and preferred stocks and                                        Amount   (Millions)   Assets
 convertible debentures)

PHARMACEUTICALS  -  9.78%
AstraZeneca PLC (United Kingdom)                                                       25,093,285    1,187.872     4.05
Elan Corp., PLC (ADR) (Ireland) /1/                                                    11,775,300      615.259     2.10
Aventis SA (France)                                                                     4,555,000      351.938     1.20
Chugai Pharmaceutical Co., Ltd. (Japan)                                                10,658,000      161.218      .55
Novartis AG (Switzerland)                                                                 100,100      156.222      .53
Shionogi & Co., Ltd. (Japan)                                                            9,024,000      138.511      .47
Novo Nordisk A/S, Class B (Denmark)                                                       435,000       88.155      .30
GlaxoSmithKline PLC (formerly Glaxo Wellcome PLC)                                       2,000,000       52.273      .18
 (United Kingdom) /1/
CSL Ltd. (Australia)                                                                    2,740,000       47.849      .17
Sanofi-Synthelabo (France)                                                                665,600       36.976      .13
Shire Pharmaceuticals Group PLC (United Kingdom) /1/                                    1,364,434       20.824
Shire Pharmaceuticals Group PLC (ADR) /1/                                                  63,000        2.756      .08
Fujisawa Pharmaceutical Co. Ltd. (Japan)                                                  298,000        6.304      .02

BANKS  -  7.80%
Bank of Nova Scotia (Canada)                                                           12,098,200      309.837     1.06
ABN AMRO Holding NV (Netherlands)                                                      15,593,985      284.148      .97
Sakura Bank, Ltd. (Japan) /2/                                                          41,110,000      219.707
Sakura Finance (Bermuda) Trust .075% convertible                                    1,614,000,000       17.136      .81
 preference share units
Mizuho Holdings, Inc. (Japan)                                                              36,405      204.116      .70
Bank of Scotland (United Kingdom)                                                      19,932,119      198.083      .68
Lloyds TSB Group PLC (United Kingdom)                                                  16,400,000      161.002      .55
Westpac Banking Corp. (Australia)                                                      23,433,654      144.601      .49
Royal Bank of Canada (Canada)                                                           4,005,400      119.794      .41
Australia and New Zealand Banking Group Ltd.(Australia)                                15,568,887      104.652      .36
Hang Seng Bank Ltd. (Hong Kong)                                                         8,605,100       99.854      .34
DBS Group Holdings Ltd. (Singapore)                                                    10,326,550       93.269      .32
Bangkok Bank PCL (Thailand) /1/                                                        64,267,800       66.053      .22
Unibanco-Uniao de Bancos Brasileiros SA, units (GDR)                                    3,200,000       65.280      .22
 (Brazil)
Tokai Bank, Ltd. (Japan) /2/                                                           12,500,000       42.648      .15
Asahi Bank, Ltd. (Japan)                                                               13,343,000       33.639      .11
Toronto-Dominion Bank (Canada)                                                          1,223,700       30.641      .10
Svenska Handelsbanken Group, Class A (Sweden)                                           2,000,000       28.580      .10
Shinhan Bank (South Korea)                                                              3,200,000       25.624      .09
HSBC Holdings PLC (United Kingdom)                                                      1,617,121       19.076      .06
Commonwealth Bank of Australia (Australia)                                                700,000        9.766      .03
MBL International Finance (Bermuda) Trust 3.00%                                        $9,000,000        9.113      .03
 convertible debentures 2002 (Japan)

MEDIA  -  7.69%
Vivendi Universal (formerly Vivendi SA, Seagram Co.                                     5,891,942      356.575
 Ltd. and CANAL+) (France) /1/
Vivendi Universal (ADR) /1/                                                               640,000       38.816     1.35
News Corp. Ltd. (ADR) (Australia)                                                       4,040,300      126.865
News Corp. Ltd., preferred                                                             10,277,213       66.325
News Corp. Ltd.                                                                         7,041,928       53.346
News Corp. Ltd., preferred (ADR)                                                          745,100       19.894      .91
KirchMedia GmbH & Co. KGaA, non-voting                                                  3,430,000      132.188      .45
 (Germany) /1/ /2/ /3/
Granada PLC (formerly Granada Compass PLC and                                          51,227,254      126.000      .43
 Granada Media PLC) (United Kingdom)
Grupo Televisa, SA, ordinary participation                                              3,694,400      123.430      .42
 certificates (ADR) (Mexico) /1/
Mediaset SpA (Italy) /3/                                                                7,300,000       67.728
Mediaset SpA                                                                            5,454,200       50.603      .40
Nippon Television Network Corp. (Japan)                                                   331,980      102.968      .35
United Pan-Europe Communications NV (Netherlands) /1/                                  12,443,500       77.002      .26
Fuji Television Network, Inc. (Japan)                                                      10,760       75.048      .26
Telewest Communications PLC (United Kingdom) /1/                                       45,800,000       74.450      .25
KirchPayTV GmbH & Co. KGaA, non-voting                                                  2,158,091       61.963      .21
 (Germany) /1/ /2/ /3/
Tokyo Broadcasting System, Inc. (Japan)                                                 2,577,000       61.279      .21
Reuters Group PLC (United Kingdom)                                                      4,973,942       60.376      .21
Pearson PLC (United Kingdom)                                                            3,264,545       57.006      .20
Publishing & Broadcasting Ltd. (Australia)                                             11,865,111       56.431      .19
United Business Media PLC (formerly United News &                                       4,600,000       41.992
 Media PLC) (United Kingdom)
United News & Media PLC 6.125% convertible                                              7,400,000       10.952      .18
 debentures 2003
Arnoldo Mondadori Editore SpA (Italy)                                                   5,450,200       48.971      .17
Lagardere Groupe SCA (France)                                                             920,000       46.378      .16
RTL Group (Luxembourg)                                                                    795,000       44.724      .15
Shaw Communications Inc., Class B (Canada)                                              2,000,000       38.479      .13
Television Broadcasts Ltd. (Hong Kong)                                                  6,700,000       36.597      .13
Havas Advertising (France) /1/                                                          2,800,000       33.620      .12
Modern Times Group MTG AB, Class B (ADR) (Sweden) /1/                                     211,822       25.419
Modern Times Group MTG AB, Class B /2/                                                    302,260        6.544      .11
Daily Mail and General Trust PLC, Class A                                               2,969,700       30.567      .10
 (United Kingdom)
Independent News & Media PLC (formerly Independent                                     11,495,031       25.766      .09
 Newspapers PLC) (Ireland)
EMI Group PLC (United Kingdom)                                                          3,400,000       21.939      .07
Thomson Corp. (Canada)                                                                    650,000       21.653      .07
EM.TV & Merchandising AG (Germany) /1/                                                  2,618,000       12.427
EM.TV & Merchandising AG 4.00% convertible                                             13,781,000        7.298      .07
 debentures 2005
Carlton Communications PLC (United Kingdom)                                             1,600,000        8.904      .03
PT Multimedia-Servicos de Telecomunicacoes e                                              180,000        2.682      .01
 Multimedia, SGPS, SA (Portugal) /1/

OIL & GAS  -  5.29%
Royal Dutch Petroleum Co. (New York registered)                                         3,550,000      196.812
 (Netherlands)
Royal Dutch Petroleum Co.                                                               1,000,000       55.368
"Shell" Transport and Trading Co., PLC                                                 11,877,200       91.730
 (United Kingdom)
"Shell" Transport and Trading Co., PLC (New                                             1,778,800       83.123     1.46
 York registered)
Petroleo Brasileiro SA - Petrobras, ordinary                                           14,300,000      340.340     1.16
 nominative (ADR) (Brazil)
TOTAL FINA ELF SA, Class B (France)                                                     1,593,378      214.989
TOTAL FINA ELF SA, Class B (ADR)                                                          828,807       56.317
TOTAL FINA ELF SA /1/                                                                     180,000         .002      .93
ENI SpA (Italy)                                                                        24,500,000      159.126      .54
Sasol Ltd. (South Africa)                                                              16,794,100      138.255      .47
LUKOIL (ADR) (Russia)                                                                   2,317,600       86.215      .29
Petro-Canada (Canada)                                                                   2,300,000       51.672      .18
Suncor Energy Inc. (Canada)                                                             1,500,000       38.548      .13
China Petroleum & Chemical Corp. (China) /1/                                          235,000,000       37.062      .13

SEMICONDUCTOR EQUIPMENT & PRODUCTS  -  4.80%
Samsung Electronics Co., Ltd. (South Korea)                                             3,401,451      531.956     1.82
Taiwan Semiconductor Manufacturing Co. Ltd.                                           160,483,160      433.672     1.48
 (Taiwan) /1/
Rohm Co., Ltd. (Japan)                                                                  2,167,000      361.913     1.23
ASM Lithography Holding NV (Netherlands) /1/                                            2,000,000       44.302      .15
Tokyo Electron Ltd. (Japan)                                                               275,000       18.109      .06
Nikon Corp. (Japan)                                                                       832,000        9.402      .03
Hyundai Electronics Industries Co., Ltd.                                                3,243,490        7.694      .03
 (South Korea) /1/

WIRELESS TELECOMMUNICATION SERVICES  -  4.30%
Vodafone Group PLC (United Kingdom)                                                   280,399,480      768.300
Vodafone Group PLC (ADR)                                                                  525,000       14.254     2.67
NTT DoCoMo, Inc. (Japan)                                                                   11,510      199.553      .68
China Unicom Ltd. (China) /1/                                                         144,426,400      155.556      .53
Telecom Italia Mobile SpA (Italy)                                                       9,416,902       62.520      .21
China Mobile (Hong Kong) Ltd. (China) /1/                                               6,000,000       26.388      .09
Swiss Life-Mannesmann 1.50% convertible debentures                                     $8,000,000       12.150      .04
 2003 (Switzerland) /3/
Turkcell Iletisim Hizmetleri AS (Turkey) /1/                                          828,941,080       11.398      .04
Bouygues SA (France)                                                                      300,000       10.021      .04

ELECTRONIC EQUIPMENT & INSTRUMENTS  -  3.50%
Hon Hai Precision Industry Co., Ltd. (Taiwan)                                          68,168,000      418.375
Hon Hai Precision Industry Co., Ltd. 0% convertible                                   $14,510,000       14.836     1.48
 debentures 2005 /3/
Murata Manufacturing Co., Ltd. (Japan)                                                  2,210,000      182.966      .63
Samsung Electro-Mechanics Co., Ltd. (South Korea) /1/                                   3,730,000      111.760      .38
EPCOS AG (Germany)                                                                      1,895,000      108.104      .37
Hirose Electric Co., Ltd. (Japan)                                                         840,000       76.825      .26
Hitachi, Ltd. (Japan)                                                                   7,270,000       62.038      .21
TDK Corp. (Japan)                                                                         773,000       50.718      .17

DIVERSIFIED TELECOMMUNICATION SERVICES  -  3.18%
Telefonos de Mexico, SA de CV, Class L (ADR)(Mexico)                                    9,175,000      289.379
Telefonos de Mexico, SA de CV, Class L                                                 19,225,000       30.344     1.09
DDI Corp. (Japan)                                                                          46,044      149.037      .51
Telecom Italia SpA  (Italy)                                                            10,000,000      100.162      .34
Philippine Long Distance Telephone Co. (ADR)                                            4,926,094       70.689      .24
 (Philippines)
Tele Danmark AS (Denmark)                                                               1,420,000       49.607      .17
Korea Telecom Corp. (ADR) (South Korea)                                                 1,509,200       35.044
Korea Telecom Corp.                                                                       195,000        8.307      .15
Videsh Sanchar Nigam Ltd. (ADR) (India)                                                 2,763,338       32.746
Videsh Sanchar Nigam Ltd.                                                               1,350,000        8.502      .14
Cable & Wireless Optus Ltd. (Australia) /1/                                            21,416,800       38.027      .13
Cia. de Telecomunicaciones de Chile SA (ADR)                                            2,034,673       26.858      .09
 (Chile) /1/
TELUS Corp. (Canada)                                                                    1,202,900       23.791      .08
France Telecom, SA (France)                                                               376,800       21.976      .07
Deutsche Telekom AG (Germany)                                                             797,000       18.705      .06
BCE Inc. (Canada)                                                                         584,243       13.126      .05
Portugal Telecom, SA (Portugal)                                                         1,104,000        9.413      .03
Telia AB (Sweden) /1/                                                                     750,000        4.150      .02
Mahanagar Telephone Nigam Ltd.(GDR)(India)/3/                                             570,600        3.352      .01

FOOD PRODUCTS  -  3.08%
Nestle SA (Switzerland)                                                                   186,500      388.622     1.33
Groupe Danone (France)                                                                  1,798,800      227.369      .78
Orkla AS, Class A (Norway) /4/                                                         11,024,000      193.296      .66
Unilever PLC (United Kingdom)                                                          12,802,700       92.243      .31

DIVERSIFIED FINANCIALS  -  2.23%
ING Groep NV (Netherlands)                                                              5,717,984      371.932
ING Groep NV, Class B, warrants, expire 2008 /1/                                        1,208,700       34.211     1.39
ORIX Corp. (Japan)                                                                        664,400       55.587
ORIX Corp. (ADR)                                                                          189,600        8.086
ORIX Corp. 0.375% convertible debentures 2005                                    Yen 600,000,000         5.697      .23
STB Cayman Capital, Ltd. 0.50% convertible                                     Yen 5,925,000,000        67.619      .23
 debentures 2007 (Japan)
Hutchison Whampoa Ltd. (Hong Kong)                                                      3,558,500       37.187      .13
Ayala Corp. (Philippines)                                                             189,565,400       28.396      .10
First Pacific Co. Ltd. (Hong Kong)                                                    109,500,000       27.098      .09
Shohkoh Fund & Co., Ltd. (Japan)                                                          160,000       18.833      .06

COMMUNICATIONS EQUIPMENT  -  2.11%
Nokia Corp., Class A (Finland)                                                          9,345,000      223.510
Nokia Corp., Class A (ADR)                                                              2,400,000       57.600      .96
Telefonaktiebolaget LM Ericsson, Class B (Sweden)                                      28,370,000      154.244
Telefonaktiebolaget LM Ericsson, Class B (ADR)                                         12,110,000       67.740      .76
Matsushita Communication Industrial Co., Ltd.(Japan)                                      899,000       57.912      .20
ECI Telecom Ltd. (Israel)                                                               2,935,000       22.379      .08
Nortel Networks Corp. (Canada)                                                            955,676       13.449      .04
Alcatel (ADR) (France)                                                                    400,000       11.504      .04
SAGEM SA (France)                                                                         118,800        9.189      .03

PAPER & FOREST PRODUCTS  -  1.84%
UPM-Kymmene Corp. (Finland)                                                             7,730,800      217.452      .74
Stora Enso Oyj, Class R  (Finland)                                                     14,648,443      138.288      .47
Abitibi-Consolidated Inc. (Canada)                                                     12,500,000       97.544      .34
Sappi Ltd. (South Africa)                                                              10,861,000       85.477      .29

AUTOMOBILES  -  1.83%
Honda Motor Co., Ltd. (Japan)                                                           6,510,000      265.080      .91
Suzuki Motor Corp. (Japan)                                                             19,015,000      208.841      .71
DaimlerChrysler AG (Germany)                                                            1,000,000       44.038      .15
Volkswagen AG (Germany)                                                                   400,000       18.283      .06

INSURANCE  -  1.73%
Zurich Financial Services (formerly Allied                                                373,500      122.649      .42
 Zurich PLC) (Switzerland) /1/
PartnerRe Holdings Ltd. (Singapore)                                                     1,931,900       95.185      .32
Yasuda Fire and Marine Insurance Co., Ltd. (Japan)                                     15,999,000       84.741      .29
Mitsui Marine and Fire Insurance Co., Ltd. (Japan)                                     15,111,000       81.840      .28
Nichido Fire and Marine Insurance Co., Ltd. (Japan)                                     6,845,000       42.516      .14
Nippon Fire and Marine Insurance Co., Ltd. (Japan)                                     10,217,000       34.127      .12
Royal & Sun Alliance Insurance Group PLC                                                3,923,056       26.650      .09
 (United Kingdom)
AEGON NV (Netherlands)                                                                    654,513       19.193      .07

ELECTRIC UTILITIES  -  1.66%
PowerGen PLC (United Kingdom)                                                          23,571,901      239.275      .82
Scottish Power PLC (United Kingdom)                                                    17,575,000      116.772      .40
National Grid Group PLC (United Kingdom)                                                5,500,000       42.477      .14
Korea Deposit Insurance Corp. 2.25% convertible                                       $35,300,000       36.800      .13
 debentures 2005 (South Korea) /3/
Union Electrica Fenosa, SA (Spain) /1/                                                  1,600,000       29.169      .10
Manila Electric Co., Class A (GDR)                                                      3,732,000       15.959
(Philippines) /2/) /3/
Manila Electric Co., Class B                                                            5,521,333        5.756      .07

INDUSTRIAL CONGLOMERATES  -  1.53%
Siemens AG (Germany)                                                                    2,100,000      215.970      .74
Norsk Hydro AS (Norway)                                                                 3,950,000      161.390
Norsk Hydro AS (ADR)                                                                      500,000       20.605      .62
Smiths Group PLC (formerly TI Group PLC and Smiths                                      4,707,142       51.591      .17
 Industries PLC) (United Kingdom)

BEVERAGES  -  1.47%
Foster's Brewing Group Ltd. (Australia)                                                66,810,579      167.840      .57
Heineken NV (Netherlands)                                                               1,875,000       97.734      .34
Ito En, Ltd. (Japan)                                                                    1,165,000       75.511      .26
Diageo PLC (United Kingdom)                                                             3,300,000       33.123      .11
Lion Nathan Ltd. (New Zealand)                                                         12,748,748       25.946      .09
Coca-Cola HBC SA (formerly Hellenic Bottling Co.                                        1,308,283       17.802      .06
 SA) (Greece)
Coca-Cola West Japan Co. Ltd. (Japan)                                                     550,000       11.723      .04

LEISURE EQUIPMENT & PRODUCTS  -  1.40%
Nintendo Co., Ltd. (Japan)                                                              2,205,700      359.781     1.23
Fuji Photo Film Co., Ltd. (Japan)                                                       1,320,000       48.710      .17

HOUSEHOLD DURABLES  -  1.33%
Sony Corp. (Japan)                                                                      4,364,300      308.909     1.05
Sekisui House, Ltd. (Japan)                                                             5,820,000       46.703      .16
Funai Electric Co., Ltd. (Japan)                                                          225,000       17.375      .06
Daiwa House Industry Co., Ltd. (Japan)                                                  2,560,000       16.512      .06

COMMERCIAL SERVICES & SUPPLIES  -  1.09%
Buhrmann NV (Netherlands) /1/                                                           4,444,000      114.063      .39
Brambles Industries Ltd. (Australia)                                                    4,350,000       93.068      .32
Securitas AB, Class B (Sweden)                                                          3,108,000       51.740      .18
Adecco SA (Switzerland)                                                                    92,000       48.125      .16
Rentokil Initial PLC (United Kingdom)                                                   5,000,000       13.345      .04

REAL ESTATE  -  1.03%
Sun Hung Kai Properties Ltd. (Hong Kong)                                                8,150,000       77.853      .26
Hongkong Land Holdings Ltd. (Singapore)                                                34,363,300       73.881      .25
Cheung Kong (Holdings) Ltd. (Hong Kong)                                                 5,500,000       57.652      .20
Wharf (Holdings) Ltd. (Hong Kong) /1/                                                  18,567,000       48.685      .17
Ayala Land, Inc. (Philippines)                                                        212,287,800       23.635      .08
Security Capital European Realty (Luxembourg)                                           1,125,000       20.700      .07
 /1/ /2/ /3/

AUTO COMPONENTS  -  0.99%
GKN PLC (United Kingdom)                                                               28,200,000      289.257      .99

BUILDING PRODUCTS  -  0.96%
Asahi Glass Co., Ltd. (Japan)                                                          20,694,000      144.828      .49
TOSTEM CORP. (Japan)                                                                    7,050,000       81.523      .28
Nippon Sheet Glass Co., Ltd. (Japan)                                                    3,296,000       31.901      .11
Nippon Electric Glass Co., Ltd. (Japan)                                                 1,590,000       24.279      .08

METALS & MINING  -  0.91%
Pohang Iron & Steel Co., Ltd. (South Korea)                                             1,999,340      135.294      .46
Billiton PLC (United Kingdom)                                                          16,618,800       75.146      .26
BHP Ltd. (formerly Broken Hill Proprietary Co.                                          3,000,000       28.683      .10
 Ltd.) (Australia)
Usinor 3.875% convertible preferred 2005 (France)                                       1,270,000       21.713      .07
De Beers Consolidated Mines Ltd. (South Africa)                                           180,400        6.873      .02

IT CONSULTING & SERVICES  -  0.81%
CMG PLC (United Kingdom)                                                                7,884,436       67.313      .23
Infosys Technologies Ltd. (India)                                                         705,000       61.822      .21
Logica PLC (United Kingdom)                                                             4,080,000       57.345      .20
ALTRAN Technologies (France)                                                              900,000       50.116      .17

SPECIALTY RETAIL  -  0.75%
Dixons Group PLC (United Kingdom)                                                      55,661,561      219.881      .75

HOTELS, RESTAURANTS & LEISURE  -  0.70%
Compass Group PLC (formerly Granada Compass PLC)                                       18,223,660      129.878      .44
 (United Kingdom) /1/
P&O Princess Cruises PLC (United Kingdom) /1/                                          10,000,000       39.042      .13
Airtours PLC (United Kingdom)                                                           9,420,000       37.179      .13

OFFICE ELECTRONICS  -  0.69%
Canon Inc. (Japan)                                                                      5,570,000      201.555      .69

MACHINERY  -  0.64%
Mitsubishi Heavy Industries, Ltd. (Japan)                                              27,300,000      100.090      .34
Metso Oyj (Finland)                                                                     5,000,000       44.389      .15
Sandvik AB (Sweden) /1/                                                                 2,300,000       41.830      .15

CHEMICALS  -  0.55%
BOC Group PLC (United Kingdom)                                                          5,005,000       68.072      .23
L'Air Liquide (France)                                                                    399,814       56.019      .19
Bayer AG (Germany)                                                                        600,000       25.262      .09
Imperial Chemical Industries PLC (ADR)                                                    430,000       10.582      .04
 (United Kingdom)

OTHER INDUSTRIES -  3.91%
Hoya Corp. (Japan)                                                                      1,624,000      105.391      .36
Deutsche Lufthansa AG (Germany)                                                         4,485,500       83.981      .29
Bombardier Inc., Class B (Canada)                                                       6,000,000       82.916      .28
Kingfisher PLC (United Kingdom)                                                        10,501,462       67.836      .23
British Airways PLC (United Kingdom)                                                   12,100,000       54.112      .18
Woolworths Ltd. (Australia)                                                            12,977,576       52.543      .18
TNT Post Groep NV (Netherlands)                                                         2,507,541       52.238      .18
Wal-Mart de Mexico (formerly Cifra), SA de CV,                                         16,787,918       39.116
 Class V (Mexico)
Wal-Mart de Mexico, SA de CV, Class C                                                   6,037,600       12.844      .18
Cemex, SA de CV, ordinary participation certificates,                                   2,380,260       51.176
 units (ADR) (Mexico)
Cemex, SA de CV, warrants, expire 2002 /1/                                                262,457         .420      .18
Uni-Charm Corp. (Japan)                                                                 1,080,000       46.381      .16
United Utilities PLC (United Kingdom)                                                   4,978,414       43.255      .15
Fujitsu Ltd. (Japan)                                                                    3,238,000       43.005      .15
Matsushita Electric Works, Ltd. (Japan)                                                 3,655,000       38.428      .13
Essilor (France) /1/                                                                      128,500       36.710      .12
Mitsui & Co., Ltd. (Japan)                                                              5,600,000       29.750      .10
Koninklijke Ahold NV (Netherlands)                                                        940,000       29.068      .10
Seven-Eleven Japan Co., Ltd. (Japan)                                                      700,000       27.835      .09
Nippon COMSYS Corp. (Japan)                                                             1,730,000       26.072      .09
Wanadoo (acquired Freeserve PLC) (France)/1/                                            4,512,500       24.473      .08
"Holderbank" Financiere Glaris Ltd. (Switzerland)                                          23,966       24.162      .08
Ito-Yokado Co., Ltd. (Japan)                                                              469,000       22.678      .08
Finmeccanica SpA (Italy) /1/                                                           22,000,000       21.929      .07
BAE SYSTEMS PLC (United Kingdom)                                                        4,000,000       17.831      .06
Loblaw Companies Ltd. (Canada)                                                            560,100       17.540      .06
LVMH Moet Hennessy Louis Vuitton (France)                                                 350,000       17.536      .06
Toshiba Corp. (Japan)                                                                   3,000,000       17.465      .06
Stolt-Nielsen SA, Class B (ADR) (Multinational)                                           809,100       12.212      .04
Safeway PLC (United Kingdom)                                                            2,307,500       10.753      .04
Kvaerner ASA, Class A (Norway) /1/                                                      1,202,221        8.406      .03
Elektrim SA 3.75% convertible debentures 2004                                          10,600,000        7.827      .03
 (Poland)
Tiscali SpA (acquired World Online International)                                         478,910        6.440      .02
 (Italy) /1/
T-Online International AG (Germany) /1/                                                   620,000        5.559      .02
Baltimore Technologies PLC (United Kingdom)/1/                                          3,775,100        4.783      .02
Liberty Surf Group SA (France)/1/                                                         320,200        2.111      .01
Lernout & Hauspie Speech Products NV (Belgium)/1/                                         260,000         .478      .00
I.T.C. Ltd. (India)                                                                           372         .007      .00
Compal Electronics, Inc. (Taiwan)                                                             100         .000      .00

MISCELLANEOUS  -  1.27%
Other equity securities in initial period of                                                           372.860     1.27
 acquisition

TOTAL EQUITY SECURITIES (cost: $21,071.912 million)                                                 23,691.351    80.85




                                                                                       Principal       Market  Percent
                                                                                          Amount        Value   of Net
BONDS & NOTES                                                                         (Millions)   (Millions)   Assets

NON-U.S. GOVERNMENT OBLIGATIONS  -  0.08%
Argentina (Republic of), Series L, 5.563%                                                   8.310        7.018
 Eurobonds 2005 /5/
Argentina (Republic of) 11.75% 2009                                                         5.890        5.059
Argentina (Republic of) 9.75% 2027                                                          2.390        1.769
Argentina (Republic of) 11.375% 2017                                                         .680         .569      .05
Turkey Treasury Bills 0% 2001                                                 TRL 12,910,000.000         6.958
Turkey Treasury Bills 0% 2002                                                  TRL 5,000,000.000         3.015      .03

TOTAL BONDS & NOTES   (cost: $25.458 million)                                                           24.388      .08




                                                                                       Principal       Market  Percent
                                                                                          Amount        Value   of Net
SHORT-TERM SECURITIES                                                                 (Millions)   (Millions)   Assets

CORPORATE SHORT-TERM NOTES  -  8.51%
Deutsche Bank Financial Inc. 4.69%-5.28% due                                              125.000      124.019      .42
 4/23-6/18/2001
Abbey National North America 5.20%-5.50% due                                              122.500      122.066      .42
 4/10-5/22/2001
Dresdner U.S. Finance Inc. 4.68%-5.50% due                                                115.000      114.400      .39
 4/18-6/21/2001
CBA (Delaware) Finance Inc. 4.98%-5.36% due                                               114.000      113.502      .39
 4/30-5/2/2001
AB Spintab 4.65%-5.48% due 4/20-7/24/2001                                                 113.500      112.785      .38
Danske Bank AS 4.935%-5.46% due 4/17-6/6/2001                                             110.000      109.496      .37
Alcoa Inc. 4.91%-5.40% due 4/3-6/11/2001                                                  100.000       99.627      .34
ANZ (Delaware) Inc. 4.70%-5.49% due 4/6-6/19/2001                                         100.000       99.452      .34
Societe Generale North America Inc. 4.95%-5.46%                                           100.000       99.451      .34
 due 4/10-6/4/2001
Ciesco LP 4.69%-5.45% due 4/4-6/20/2001                                                   100.000       99.426      .34
Verizon Network Funding Corp. 4.92%-5.33% due                                             100.000       99.271      .34
 4/24-6/22/2001
ABN AMRO North America Finance Inc. 4.90%-5.23%                                           100.000       99.262      .34
 due 5/1-6/14/2001
UBS Finance (Delaware) Inc. 4.92%-4.935%                                                  100.000       99.100      .34
 due 6/5-6/6/2001
Lloyds Bank PLC 4.67%-5.45% due 4/11-7/16/2001                                            100.000       98.960      .34
American Honda Finance Corp. 4.90%-5.02% due                                               90.000       89.156      .30
 5/24-6/12/2001
Halifax PLC 4.70%-5.50% due 4/12-7/13/2001                                                 90.000       89.109      .30
CDC Commercial Paper Corp. 4.90%-5.40% due                                                 75.000       74.494      .25
 4/20-6/8/2001 /3/
Internationale Nederlanden (U.S.) Funding Corp.                                            75.000       74.304      .25
 4.92%-4.94% due 6/7-6/8/2001
Svenska Handelsbanken Inc. 4.93%-5.18% due                                                 75.000       74.258      .25
 6/5-6/15/2001
Westpac Capital Corp. 4.85%-5.24% due 6/1-7/5/2001                                         75.000       74.152      .25
General Motors Acceptance Corp. 5.48%-5.50%                                                73.250       73.133      .25
 due 4/3-4/20/2001
Coca-Cola Co. 5.25%-5.42% due 4/2-4/20/2001                                                72.500       72.385      .25
Ford Motor Credit Co. 4.94%-5.34% due 4/6-5/31/2001                                        70.000       69.629      .24
KfW International Finance Inc. 4.68%-5.60% due                                             62.250       61.976      .21
 4/4-6/27/2001
Wells Fargo & Co. 5.20%-5.25% due 5/4-5/15/2001                                            60.700       60.363      .21
Telstra Corp. Ltd. 4.70%-5.25% due 5/8-7/24/2001                                           60.000       59.445      .20
Bank of America Corp. 5.22%-5.28% due 4/24-5/8/2001                                        50.000       49.779      .17
Canadian Wheat Board 4.75%-5.05% due 5/2-7/16/2001                                         50.000       49.539      .17
Bank of Montreal 5.16% due 4/9/2001                                                        35.000       34.955      .12

FEDERAL AGENCY SHORT-TERM OBLIGATIONS  -  7.13%
Freddie Mac 4.71%-5.49% due 4/2-7/13/2001                                                 783.300      778.389     2.66
Federal Home Loan Banks 4.82%-5.42% due 4/6-6/22/2001                                     574.256      571.189     1.95
Fannie Mae 4.675%-6.10% due 4/5-6/28/2001                                                 568.657      564.412     1.93
Sallie Mae 4.665%-4.705% due 4/19-9/20/2001 /5/                                            80.000       79.987
Sallie Mae 5.36% due 4/18/2001                                                             25.000       24.934      .36
Federal Farm Credit Bank 5.12% due 6/4/2001                                                68.000       67.409      .23

CERTIFICATES OF DEPOSIT  -  2.90%
Rabobank Nederland NV 5.62%-5.645% 4/16-4/17/2001                                         125.000      125.011      .43
Barclays Bank PLC 5.29%-5.55% 4/10-5/11/2001                                              123.000      123.007      .42
National Australia Bank Ltd. 5.48% 4/30/2001                                              100.000      100.025      .34
Toronto-Dominion Bank 5.32%-5.73% due 4/5-5/18/2001                                       100.000      100.018      .34
National Westminster Bank PLC 4.91%-5.80% due                                             100.000      100.013      .34
 4/5-6/6/2001
Canadian Imperial Bank of Commerce 4.75%-5.00%                                            100.000      100.003      .34
 due 6/7-6/20/2001
Commerzbank AG 5.30%-5.54% due 5/9-5/14/2001                                               50.000       50.018      .17
Bank of Nova Scotia 5.40%-5.68% due 4/17-5/8/2001                                          50.000       50.017      .17
Morgan Guaranty Trust Co. of New York 6.30%                                                50.000       50.002      .17
 due 4/2/2001
Halifax PLC 5.43% due 5/1/2001                                                             25.000       25.007      .09
Svenska Handelsbanken Inc. 5.58% due 4/23/2001                                             25.000       25.004      .09

NON-U.S. CURRENCY  -  0.03%
New Taiwanese Dollar                                                                  NT$275.100         8.400      .03

TOTAL SHORT-TERM SECURITIES (cost: $5,440.084 million)                                               5,440.339    18.57

TOTAL INVESTMENT SECURITIES (cost: $26,537.454 million)                                             29,156.078    99.50
Excess of cash and receivables over payables                                                           145.046      .50

NET ASSETS                                                                                          29,301.124   100.00




/1/ Non-income-producing security.
/2/ Valued under procedures established by the
 Board of Directors.
(3) Purchased in a private placement transaction;
 resale may be limited to qualified
 institutional buyers; resale to the public
 may require registration.
/4/ The fund owns 5.03% of the outstanding voting
 securities of Orkla AS, Class A, and thus
 is considered an affiliate as defined
 under the Investment Company Act of 1940.
/5/ Coupon rate may change periodically.


ADR = American Depositary Receipts
GDR = Global Depositary Receipts

The descriptions of the companies shown in the
 portfolio, which were obtained from published reports
 and other sources believed to be reliable, are
 supplemental, and are not covered by the
 Report of Independent Accountants.


See Notes to Financial Statements
</TABLE>

<TABLE>
<S>                                                           <C>
EQUITY SECURITIES APPEARING IN THE PORTFOLIO
 SINCE SEPTEMBER 30, 2000

Airtours                                                                                         Koninklijke Ahold
Asahi Glass                                                                                Korea Deposit Insurance
Canon                                                                                         P&O Princess Cruises
China Mobile (Hong Kong)                                                                       Pohang Iron & Steel
China Petroleum & Chemical                                                                                 Sandvik
China Unicom                                                                           Shire Pharmaceuticals Group
Chugai Pharmaceutical                                                                      Telewest Communications
Diageo                                                                                      Union Electrica Fenosa
Essilor                                                                           United Pan-Europe Communications
Havas Advertising                                                                                      Volkswagen
Hyundai Electronics Industries                                                                   Wharf (Holdings)
Infosys Technologies                                                                                    Woolworths






EQUITY SECURITIES ELIMINATED FROM THE PORTFOLIO
 SINCE SEPTEMBER 30, 2000

Acer                                                                                               Morgan Crucible
Anglo American                                                                                                 NEC
AssiDoman                                                                                           NGK Spark Plug
Bergesen                                                                                                  Nichiei
British Telecommunications                                                          Nippon Telegraph and Telephone
China Development Industrial Bank                                                            Panamerican Beverages
Cia. Energetica de Minas Gerais - CEMIG                                                                   Pechiney
Cie. Generale des Etablissements Michelin                                 Peninsular and Oriental Steam Navigation
Coca-Cola Amatil                                                                                  Premier Farnell
COLT Telecom Group                                                                          PT Astra International
Dimension Data Holdings                                                                          Reckitt Benckiser
Enterprise Oil                                                                                  Research In Motion
Getronics                                                                                                      RWE
Hellenic Telecommunications Organization                                                                Sema Group
Infineon Technologies                                                                                Sonera Group
interQ                                                                                     South African Breweries
Intershop Communications                                                                                    Square
Invensys                                                                                        STMicroelectronics
Investor AB                                                                                          Sumitomo Bank
Kawasaki Steel                                                               Telecom Argentina STET-France Telecom
Koninklijke KPN                                                                       Telecom Corp. of New Zealand
Lend Lease                                                                                              Telefonica
Magyar Tavkozlesi Rt.                                                                Telesp Celular Participacoes
Metro International                                                                                   Thames Water
Minebea                                                                                               ThyssenKrupp
Mitsubishi Motors                                                                          Toyo Trust and Banking
                                                                                                             Volvo
</TABLE>

<TABLE>
<S>                                                                     <C>             <C>
EuroPacific Growth Fund
FINANCIAL STATEMENTS

STATEMENT OF ASSETS AND LIABILITIES
at March 31, 2001                                                           (dollars in  millions)

Assets:
Investment securities at market
 (cost: $26,537.454)                                                                            $29,156.078
Cash                                                                                                  1.030
Receivables for -
 Sales of investments                                                           $58.605
 Sales of fund's shares                                                          76.213
 Forward currency contracts - net                                                51.934
 Dividends and interest                                                         126.497             313.249
                                                                                                 29,470.357
Liabilities:
Payables for -
 Purchases of investments                                                        79.164
 Repurchases of fund's shares                                                    68.857
 Management services                                                             11.647
 Other expenses                                                                   9.565             169.233
Net Assets at March 31, 2001 -                                                                  $29,301.124

Shares of beneficial interest issued and outstanding -
 unlimited shares authorized
Class A shares:
 Net assets                                                                                     $28,963.326
 Shares outstanding                                                                           1,008,463,557
 Net asset value per share                                                                           $28.72
Class B shares:
 Net assets                                                                                        $320.515
 Shares outstanding                                                                              11,221,227
 Net asset value per share                                                                           $28.56
Class C shares:
 Net assets                                                                                         $10.479
 Shares outstanding                                                                                 366,897
 Net asset value per share                                                                           $28.56
Class F shares:
 Net assets                                                                                          $6.804
 Shares outstanding                                                                                 236,899
 Net asset value per share                                                                           $28.72


STATEMENT OF OPERATIONS
for the year ended March 31, 2001                                           (dollars in  millions)
Investment Income:
Income:
 Dividends                                                                     $613.546
 Interest                                                                       324.307            $937.853

Expenses:
 Management services fee                                                        155.060
 Distribution expenses - Class A                                                 85.199
 Distribution expenses - Class B                                                  2.089
 Distribution expenses - Class C                                                   .003
 Transfer agent fees - Class A                                                   27.640
 Transfer agent fees - Class B                                                     .207
 Reports to shareholders                                                           .982
 Registration statement and prospectus                                            2.545
 Postage, stationery and supplies                                                 3.269
 Trustees' fees                                                                   (.002)
 Auditing and legal fees                                                           .102
 Custodian fee                                                                   12.270
 Taxes other than federal income tax                                               .607
 Other expenses                                                                    .193             290.164
 Net investment income                                                                              647.689

Realized Gain and Unrealized
 Depreciation on Investments:
Net realized gain                                                                                   654.733
Net unrealized (depreciation) appreciation on:
 Investments                                                                (12,611.019)
 Open forward currency contracts                                                 56.319
  Net unrealized depreciation                                                                   (12,554.700)
 Net realized gain and
  unrealized depreciation
  on investments                                                                                (11,899.967)
Net Decrease in Net Assets Resulting
 from Operations                                                                               ($11,252.278)

See Notes to Financial Statements




STATEMENT OF CHANGES IN NET ASSETS                                          (dollars in  millions)

                                                                             Year ended          Year ended
                                                                              March 31,           March 31,
                                                                                    2001                2000
Operations:
Net investment income                                                          $647.689            $265.285
Net realized gain                                                               654.733           3,084.054
  Net unrealized (depreciation) appreciation
 on investments                                                             (12,554.700)          9,238.773
 Net (decrease) increase in net assets
  resulting from operations                                                 (11,252.278)         12,588.112
Dividends and Distributions Paid to
 Shareholders:
Dividends from net investment income:
  Class A                                                                      (190.462)           (221.364)
  Class B                                                                         (.967)
Distributions from net realized gains on investments:
  Class A                                                                    (3,371.953)         (1,078.276)
  Class B                                                                       (25.926)
  Total dividends and distributions                                          (3,589.308)         (1,299.640)

Capital Share Transactions:
Proceeds from shares sold                                                    12,598.884          10,707.128
Proceeds from shares issued in reinvestment
 of net investment income dividends and
 distributions of net realized gain on investments                            3,441.231           1,245.354
Cost of shares repurchased                                                  (10,764.603)         (6,456.731)
 Net increase in net assets resulting
  from capital share transactions                                             5,275.512           5,495.751
Total (Decrease) Increase in Net Assets                                      (9,566.074)         16,784.223

Net Assets:
Beginning of year                                                            38,867.198          22,082.975
End of year (including
 undistributed net investment
 income: $366.372 and $61.015,
 respectively)                                                              $29,301.124         $38,867.198

See Notes to Financial Statements
</TABLE>

Notes to Financial Statements

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

ORGANIZATION - EuroPacific Growth Fund (the "fund") is registered under the
Investment Company Act of 1940 as an open-end, diversified management
investment company.  The fund seeks long-term capital appreciation by investing
in the securities of companies based outside the United States.
The fund offers four classes of shares as described below:
Class A shares are sold with an initial sales charge of up to 5.75%.
Class B shares are sold without an initial sales charge but are subject to a
contingent deferred sales charge ("CDSC") paid upon redemption.  This charge
declines from 5% to zero over a period of six years.  Class B shares
automatically convert to Class A shares after eight years.

Class C shares are sold without an initial sales charge but are subject to a
CDSC of 1% for redemptions within one year of purchase.  Class C shares
automatically convert to Class F shares after ten years.
Class F shares, which are sold exclusively through fee-based programs, are sold
without an initial sales charge or CDSC.

Holders of all classes of shares have equal pro rata rights to assets,
dividends, liquidation and other rights.  Each class has identical voting
rights except for exclusive rights to vote on matters affecting only its class.
Each class of shares may have different distribution, administrative services
and transfer agent fees and expenses.  Differences in class-specific expenses
will result in the payment of different per share dividends by each class.

SIGNIFICANT ACCOUNTING POLICIES - The financial statements have been prepared
in conformity with accounting principles generally accepted in the United
States of America.  These principles require management to make estimates and
assumptions that affect the reported amounts and disclosures in the financial
statements. Actual results could differ from those estimates.  The following is
a summary of the significant accounting policies consistently followed by the
fund in the preparation of its financial statements:

SECURITY VALUATION - Equity securities, including depositary receipts, are
valued at the last reported sale price on the exchange or market on which such
securities are traded, as of the close of business on the day the securities
are being valued or, lacking any sales, at the last available bid price.  In
cases where equity securities are traded on more than one exchange, the
securities are valued on the exchange or market determined by the investment
adviser to be the broadest and most representative market, which may be either
a securities exchange or the over-the-counter market.  Fixed-income securities
are valued at prices obtained from a pricing service, when such prices are
available; however, in circumstances where the investment adviser deems it
appropriate to do so, such securities will be valued at the mean quoted bid and
asked prices or at prices for securities of comparable maturity, quality and
type.  Short-term securities maturing within 60 days are valued at amortized
cost, which approximates market value.  The ability of the issuers of the debt
securities held by the fund to meet their obligations may be affected by
economic developments in a specific industry, state or region.  Forward
currency contracts are valued at the mean of their representative quoted bid
and asked prices.  Securities and assets for which representative market
quotations are not readily available are valued at fair value as determined in
good faith by a committee appointed by the fund's Board of Trustees.

NON-U.S. CURRENCY TRANSLATION - Assets and liabilities initially expressed in
terms of non-U.S. currencies are translated into U.S. dollars at the prevailing
market rates at the end of the reporting period.  Purchases and sales of
securities and income and expenses are translated into U.S. dollars at the
prevailing market rates on the dates of such transactions.  The effects of
changes in non-U.S. currency exchange rates on investment securities and other
assets and liabilities are combined with the net realized and unrealized gain
or loss on investment securities for financial reporting purposes.

SECURITY TRANSACTIONS AND RELATED INVESTMENT INCOME - Security transactions are
accounted for as of the trade date.  Realized gains and losses from securities
transactions are determined based on specific identified cost.  In the event
securities are purchased on a delayed delivery or when-issued basis, the trust
will instruct the custodian to segregate liquid assets sufficient to meet its
payment obligations in these transactions.  Dividend income is recognized on
the ex-dividend date and interest income is recognized on an accrual basis.
Market discounts, premiums and original issue discounts on fixed-income
securities are amortized daily over the expected life of the security.

DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS - Dividends and distributions paid
to shareholders are recorded on the ex-dividend date.

FORWARD CURRENCY CONTRACTS - The fund may enter into forward currency
contracts, which represent agreements to exchange currencies of different
countries at specified future dates at specified rates.  The fund enters into
these contracts to manage its exposure to fluctuations in foreign exchange
rates arising from investments denominated in non-U.S. currencies.  The fund's
use of forward currency contracts involves market risk in excess of the amount
recognized in the Statement of Assets and Liabilities.  The contracts are
recorded in the Statement of Assets and Liabilities at their net unrealized
value.  The fund records realized gains or losses at the time the forward
contract is closed or offset by a matching contract.  The face or contract
amount in U.S. dollars reflects the total exposure the fund has in that
particular contract.  Risks may arise upon entering these contracts from the
potential inability of counterparties to meet the terms of their contracts and
from possible movements in non-U.S. exchange rates and securities values
underlying these instruments. Purchases and sales of forward currency exchange
contracts having the same settlement date and broker are offset and presented
net in the Statement of Assets and Liabilities.

CLASS ALLOCATIONS - Income, expenses (other than class-specific expenses) and
realized and unrealized gains and losses are allocated daily among the various
share classes based on their relative net asset values.  Distribution expenses,
administrative services fees, certain transfer agent fees and other applicable
class-specific expenses are accrued daily and charged to the respective share
class.

NON-U.S. INVESTMENTS

INVESTMENT RISK - Investments in securities of non-U.S. issuers in certain
countries involve special investment risks.  These risks may include, but are
not limited to, investment and repatriation restrictions, revaluation of
currencies, adverse political, social and economic developments, government
involvement in the private sector, limited and less reliable investor
information, lack of liquidity, certain local tax law considerations, and
limited regulation of the securities markets.

TAXATION - Dividend and interest income is recorded net of non-U.S. taxes paid.
For the year ended March 31, 2001, non-U.S. taxes paid were $61,426,000.
Net realized gain of the fund derived in certain countries is subject to
certain non-U.S. taxes.  The fund provides for such non-U.S. taxes on
investment income, net realized gain and net unrealized gain.

CURRENCY GAINS AND LOSSES - Net realized currency gains on dividends, interest,
sales of non-U.S. bonds and notes, forward contracts, and other receivables and
payables, on a book basis, were $34,780,000 for the year ended March 31, 2001.

FEDERAL INCOME TAXATION

The fund complies with the requirements of the Internal Revenue Code applicable
to regulated investment companies and intends to distribute all of its net
taxable income and net capital gains for the fiscal year.  As a regulated
investment company, the fund is not subject to income taxes if such
distributions are made.  Required distributions are determined on a tax basis
and may differ from net investment income and net realized gains for financial
reporting purposes.  In addition, the fiscal year in which amounts are
distributed may differ from the year in which the net investment income is
earned and the net gains are realized by the fund.

As of March 31, 2001, the cost of investment securities, excluding forward
currency contracts, for federal income tax reporting purposes was
$26,553,768,000.  Net unrealized appreciation on investments, excluding forward
currency contracts, aggregated $2,602,310,000; $5,342,244,000 related to
appreciated securities and $2,739,934,000 related to depreciated securities.
For the year ended March 31, 2001, the fund realized, on a tax basis, a net
capital gain of $1,391,554,000 on securities transactions.  In addition, the
fund has deferred, for tax purposes, to fiscal year ending March 31, 2002, the
recognition of capital losses totaling $765,029,000, which were realized during
the period November 1, 2000 through March 31, 2001.  Net gains related to
non-U.S. currency and other transactions of $26,921,000 were treated as an
adjustment to ordinary income for federal income tax purposes.

FEES AND TRANSACTIONS WITH RELATED PARTIES

INVESTMENT ADVISORY FEE - The fee of $155,060,000 for management services was
incurred pursuant to an agreement with Capital Research and Management Company
("CRMC") with which certain officers and Trustees of the fund are affiliated.

The Investment Advisory and Service Agreement provides for monthly fees accrued
daily, based on a series of rates beginning with 0.690% per annum of the first
$500 million of net assets decreasing to 0.415% of such assets in excess of $44
billion.  For the year ended March 31, 2001, the management services fee was
equivalent to an annualized rate of 0.452% of average net assets.

DISTRIBUTION EXPENSES - American Funds Distributors, Inc. ("AFD"), the
principal underwriter of the fund's shares, received $9,936,000 (after
allowances to dealers) as its portion of the sales charges paid by purchasers
of the fund's Class A shares for the year ended March 31, 2001.  Such sales
charges are not an expense of the fund and, hence, are not reflected in the
accompanying Statement of Operations.

The fund has adopted plans of distribution under which it may finance
activities primarily intended to sell fund shares, provided the categories of
expenses are approved in advance by the fund's Board of Trustees.  The plans
provide for annual expenses, based on average daily net assets, of up to 0.25%
for Class A shares, 1.00% for Class B and Class C shares, and up to 0.50% for
Class F shares.

All share classes may use up to 0.25% of these expenses to pay service fees, or
to compensate AFD for paying service fees to firms that have entered into
agreements with AFD for providing certain shareholder services.  The balance
may be used for approved distribution expenses as follows:

CLASS A SHARES - Approved categories of expense include reimbursements to AFD
for commissions paid to dealers and wholesalers in respect of certain shares
sold without a sales charge.  Those reimbursements are permitted for amounts
billed to the fund within the prior 15 months but only to the extent that the
overall 0.25% annual expense limit for Class A shares is not exceeded.  For the
year ended March 31, 2001, aggregate distribution expenses were limited to
$85,199,000, or 0.25% of average daily net assets attributable to Class A
shares.  As of March 31, 2001, unreimbursed expenses which remain subject to
reimbursement totaled $23,686,000.

CLASS B SHARES - In addition to service fees of 0.25%, approved categories of
expense include fees of 0.75% per annum of average daily net assets
attributable to Class B shares payable to AFD. AFD sells the rights to receive
such payments (as well as any contingent deferred sales charges payable in
respect of shares sold during the period) in order to finance the payment of
dealer commissions.  For the year ended March 31, 2001, aggregate distribution
expenses were $2,089,000, or 1.00% of average daily net assets attributable to
Class B shares.

CLASS C SHARES - In addition to service fees of 0.25%, the Board of Trustees
has approved the payment of 0.75% per annum of average daily net assets
attributable to Class C shares to AFD to compensate firms selling Class C
shares of the fund.  For the year ended March 31, 2001, aggregate distribution
expenses were $3,000, or 1.00% of average daily net assets attributable to
Class C shares.

CLASS F SHARES - The plan has an expense limit of 0.50%.  However, the Board of
Trustees has presently approved expenses under the plan of 0.25% per annum of
average daily net assets attributable to Class F shares.  For the year ended
March 31, 2001, aggregate distribution expenses were $400, or 0.25% of average
daily net assets attributable to Class F shares.

As of March 31, 2001, aggregate distribution expenses payable to AFD for all
share classes were $4,862,000.

TRANSFER AGENT FEE - A fee of $27,847,000 was incurred during the year ended
March 31, 2001, pursuant to an agreement with American Funds Service Company
("AFS"), the transfer agent for the fund. As of March 31, 2001, aggregate
transfer agent fees payable to AFS for Class A and Class B shares were
$1,847,000.

ADMINISTRATIVE SERVICES FEES - The fund has an administrative services
agreement with CRMC for Class C and Class F shares. Pursuant to this agreement,
CRMC provides transfer agency and other related shareholder services.  CRMC may
contract with third parties to perform these services.  Under the agreement,
the fund pays CRMC a fee equal to 0.15% per annum of average daily net assets
of Class C and Class F shares, plus amounts payable for certain transfer agency
services according to a specified schedule.  For the year ended March 31, 2001,
total fees under the agreement were $700.  As of March 31, 2001, aggregate
administrative services fees payable to CRMC for Class C and Class F shares
were $700.

TRUSTEES' FEES - Trustees who are unaffiliated with CRMC may elect to defer
part or all of the fees earned for services as members of the Board.  Amounts
deferred are not funded and are general unsecured liabilities of the fund.  As
of March 31, 2001, the cumulative liability for the deferred amounts was
$1,032,000. For the year ended March 31, 2001, Trustees' fees consisted of
$211,000 that were paid or deferred and $213,000 of net depreciation on the
amounts deferred.

AFFILIATED TRUSTEES AND OFFICERS - CRMC is owned by The Capital Group
Companies, Inc.  AFS and AFD are both wholly owned subsidiaries of CRMC.
Officers of the fund and certain Trustees are or may be considered to be
affiliated with CRMC, AFS and AFD. No such persons received any remuneration
directly from the fund.

INVESTMENT TRANSACTIONS AND OTHER DISCLOSURES

The fund made purchases and sales of investment securities, excluding
short-term securities, of $10,888,304,000 and $11,360,933,000, respectively,
during the year ended March 31, 2001.

Pursuant to the custodian agreement, the fund receives credits against its
custodian fee for imputed interest on certain balances with the custodian bank.
For the year ended March 31, 2001, the custodian fee of $12,270,000 includes
$183,000 that was paid by these credits rather than in cash.

For the year ended March 31, 2001, the fund reclassified $26,921,000 to
undistributed net investment income from undistributed net realized gains; and
reclassified $177,824,000 and $2,157,000 from undistributed net investment
income and undistributed net realized gains, respectively, to additional
paid-in capital to reflect permanent differences between book and tax
reporting.

As of March 31, 2001, net assets consisted of the following:

<TABLE>
<S>                                                                <C>
Capital paid in on shares of beneficial interest                        $27,032,612,000
Undistributed net investment income                                         366,372,000
Accumulated net realized loss                                              (765,029,000)
Net unrealized appreciation                                               2,667,169,000
Net assets                                                              $29,301,124,000
</TABLE>

Capital share transactions in the fund were as follows:

<TABLE>
<S>                                                           <C>                   <C>
The EuroPacific Growth Fund
Capital Share Transactions




                                                                         Year ended        Year ended
                                                                          March 31,         March 31,
                                                                                2001              2001
                                                                  Amount (millions)            Shares
Class A Shares:
  Sold                                                                  $12,195.797       334,651,773
  Reinvestment of dividends and distributions                             3,415.248       102,002,497
  Repurchased                                                           (10,739.888)     (298,872,510)
   Net increase in Class A                                                4,871.157       137,781,760
Class B Shares: /1/
  Sold                                                                      385.137        10,517,133
  Reinvestment of dividends and distributions                                25.983           779,574
  Repurchased                                                               (24.132)         (745,735)
   Net increase in Class B                                                  386.988        10,550,972
Class C Shares: /2/
  Sold                                                                       10.712           372,876
  Reinvestment of dividends and distributions
  Repurchased                                                                 (.174)           (5,979)
   Net increase in Class C                                                   10.538           366,897
Class F Shares: /2/
  Sold                                                                        7.238           251,133
  Reinvestment of dividends and distributions
  Repurchased                                                                 (.409)          (14,234)
   Net increase in Class F                                                    6.829           236,899
Total net increase in fund                                               $5,275.512       148,936,528





                                                                         Year ended        Year ended
                                                                          March 31,         March 31,
                                                                                2000              2000
                                                                  Amount (millions)            Shares
Class A Shares:
  Sold                                                                  $10,677.481       279,693,484
  Reinvestment of dividends and distributions                             1,245.354        33,084,650
  Repurchased                                                            (6,456.700)     (173,087,213)
   Net increase in Class A                                                5,466.135       139,690,921
Class B Shares: /1/
  Sold                                                                       29.647           670,954
  Reinvestment of dividends and distributions
  Repurchased                                                                 (.031)             (699)
   Net increase in Class B                                                   29.616           670,255
Class C Shares: /2/
  Sold
  Reinvestment of dividends and distributions
  Repurchased
   Net increase in Class C
Class F Shares: /2/
  Sold
  Reinvestment of dividends and distributions
  Repurchased
   Net increase in Class F
Total net increase in fund                                               $5,495.751       140,361,176


/1/ Class B shares were not offered before
 March 15, 2000.
/2/ Class C and Class F shares were not
 offered before March 15, 2001.
</TABLE>

At March 31, 2001, the fund had outstanding forward currency contracts to sell
non-U.S. currencies as follows:


<TABLE>
<S>                                                    <C>                 <C>              <C>               <C>

At March 31, 2001, the fund had outstanding forward
 currency contracts to sell non-U.S. currency
 as follows:

Non-U.S. Currency Sale Contract                        Contract Amounts         U.S. Valuation at 3/31/2001
                                                                                                             Unrealized
                                                       Non-U.S.           U.S.           Amount              Appreciation
Japanese Yen expiring 11/08/2001                       Yen 30354750000    $300,000,000   $248,066,000        $51,934,000
</TABLE>

<TABLE>
<S>                                                   <C>            <C>           <C>           <C>          <C>
Per-Share Data and Ratios

                                                           Class A       Class A       Class A       Class A      Class A
                                                        Year ended    Year ended    Year ended    Year ended   Year ended
                                                         March 31,     March 31,     March 31,     March 31,    March 31,
                                                               2001          2000          1999          1998         1997
Net Asset Value, Beginning of Year                          $44.61        $30.21        $29.56        $26.70       $24.28

Income from Investment Operations :
 Net investment income                                     .69 /1/       .34 /1/           .42           .45          .46

 Net (losses) gains on securities (both                (12.65) /1/       .74 /1/           .85           .79          .28
 realized and unrealized)

  Total from investment operations                          (11.96)          .08           .27           .24          .74

Less Distributions :
 Dividends (from net investment income)                       (.19)         (.29)         (.36)         (.45)        (.44)

Distributions (from capital gains)                           (3.74)        (1.39)        (1.26)        (1.93)        (.88)

Total distributions                                          (3.93)        (1.68)        (1.62)        (2.38)       (1.32)

Net Asset Value, End of Year                                $28.72        $44.61        $30.21        $29.56       $26.70

Total Return /2/                                           (28.02)%          .31%          .18%          .97%         .88%

Ratios/Supplemental Data:

 Net assets, end of year (in millions)                     $28,963       $38,837       $22,083       $21,316      $16,737

 Ratio of expenses to average net assets                       .84%          .84%          .84%          .86%         .90%

 Ratio of net income to average                                .89%          .93%          .45%          .64%         .77%
 net assets



                                                           Class B       Class B       Class C       Class F
                                                        Year ended   March 15 to   March 15 to   March 15 to
                                                        March 31,     March 31,      March 31,     March 31,
                                                             2001       2000 /3/      2001 /3/      2001 /3/
Net Asset Value, Beginning of Period                        $44.59        $43.09        $28.87        $29.02

Income from Investment Operations :
 Net investment income /1/                                     .47           .03           .06           .07

Net (losses) gains on securities (both                      (12.65)         1.47          (.37)         (.37)
  realized and unrealized) /1/

  Total from investment operations                          (12.18)         1.50          (.31)         (.30)

Less Distributions :
 Dividends (from net investment income)                       (.11)          .00           .00           .00

 Distributions (from capital gains)                          (3.74)          .00           .00           .00

  Total distributions                                        (3.85)          .00           .00           .00

Net Asset Value, End of Period                              $28.56        $44.59        $28.56        $28.72

Total Return /2/                                           (28.53)%         3.48%       (1.07)%       (1.03)%

Ratios/Supplemental Data:

 Net assets, end of period (in millions)                      $321           $30           $10            $7

 Ratio of expenses to average net assets                       .61%          .07%          .08%          .05%

 Ratio of net income to average                                .40%          .06%          .18%          .22%
 net assets

Supplemental Data - All Classes

                                                        Year ended    Year ended    Year ended    Year ended   Year ended
                                                         March 31,     March 31,     March 31,     March 31,    March 31,
                                                               2001          2000          1999          1998         1997
Portfolio turnover rate                                        .18%          .94%          .73%          .51%         .82%


/1/ Based on average shares outstanding.
/2/ Based on operations for the
    period shown and,accordingly, not
    representative of a full year.
/3/ Total returns exclude all
    sales charges, including contingent
    deferred sales charges.
</TABLE>


Report of Independent Accountants

To the Board of Trustees and Shareholders of EuroPacific Growth Fund:

In our opinion, the accompanying statement of assets and liabilities, including
the investment portfolio, and the related statements of operations and of
changes in net assets and the  per-share data and ratios present fairly, in all
material respects, the financial position of EuroPacific Growth Fund (the
"Fund") at March 31, 2001, the results of its operations, the changes in its
net assets and the per-share data and ratios for the each of the periods
presented, in conformity with accounting principles generally accepted in the
United States of America. These financial statements and per-share data and
ratios (hereafter referred to as "financial statements") are the responsibility
of the Fund's management; our responsibility is to express an opinion on these
financial statements based on our audits. We conducted our audits of these
financial statements in accordance with auditing standards generally accepted
in the United States of America, which require that we plan and perform the
audits to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates
made by management, and evaluating the overall financial statement
presentation. We believe that our audits, which included confirmation of
securities at March 31, 2001 by correspondence with the custodian, provide a
reasonable basis for our opinion.

PRICEWATERHOUSECOOPERS LLP

Los Angeles, California
April 30, 2001


OTHER SHARE CLASS RESULTS
(Unaudited)

SHARE RESULTS: CLASS B, CLASS C AND CLASS F

Average annual compound returns for periods ended March 31, 2001:

CLASS B SHARES                               LIFETIME*          12 MONTHS

reflecting applicable contingent deferred
sales charge (CDSC), maximum of 5%,
payable only if shares are sold              -27.67%            -31.73%
not reflecting CDSC                          -25.10%            -28.53%

CLASS C AND CLASS F SHARES
Results for these shares are not shown because of the brief time between
their introduction on March 15, 2001, and the end of the period.

*From March 15, 2000, when B shares first became available.




Tax Information (unaudited)

We are required to advise you within 60 days of the fund's fiscal year-end
regarding the federal tax status of certain distributions received by
shareholders during such fiscal year.

During the fiscal year ended March 31, 2001, the fund paid a long-term capital
gain distribution of $3,361,537,000. The fund also designated as a capital gain
distribution a portion of earnings and profits paid to shareholders in
redemption of their shares.

The fund makes an election under the Internal Revenue Code Section 853 to pass
through certain non-U.S. taxes paid by the fund to its shareholders as a
foreign tax credit. The amount of foreign tax credit passed through to
shareholders for the fiscal year ended March 31, 2001 is $61,426,000.  Foreign
source income earned by the fund for the fiscal year ended March 31, 2001 was
$774,288,000.  Shareholders are entitled to a foreign tax credit or an itemized
deduction, at their discretion.  Generally, it is more advantageous to claim a
credit than to take a deduction.

Dividends and distributions received by retirement plans such as IRAs,
Keogh-type plans and 403(b) plans need not be reported as taxable income.
However, many retirement plan trusts may need this information for their annual
information reporting.

SINCE THE AMOUNTS ABOVE ARE REPORTED FOR THE FUND'S FISCAL YEAR AND NOT THE
CALENDAR YEAR, SHAREHOLDERS SHOULD REFER TO THEIR FORM 1099-DIV OR OTHER TAX
INFORMATION WHICH WILL BE MAILED IN JANUARY 2002 TO DETERMINE THE CALENDAR YEAR
AMOUNTS TO BE INCLUDED ON THEIR 2001 TAX RETURNS. SHAREHOLDERS SHOULD CONSULT
THEIR TAX ADVISERS.


                                   PART C
                              OTHER INFORMATION
                            EUROPACIFIC GROWTH FUND
ITEM 23. EXHIBITS

(a) Declaration of Trust and Restatement of Declaration of Trust - previously
filed (see Post-Effective Amendment No. 17 filed 5/29/97); Establishment and
Designation of Additional Classes of Shares - previously filed (see P/E
Amendment No. 23 filed 3/14/01; and No. 25 filed 2/14/02)
(b) By-laws - previously filed (see P/E Amendment No. 16 filed 5/6/97)
(c) Form of share certificate - previously filed (see P/E Amendment No. 23
filed 3/14/01)
(d) Form of Investment Advisory and Service Agreement - previously filed (see
P/E Amendment No. 21 filed 3/13/00)
(e-1) Form of Amended and Restated Principal Underwriting Agreement -
previously filed (see P/E Amendment No. 25 filed 2/14/02)
(e-2) Form of Selling Group Agreements
(f) None
(g) Form of Global Custody Agreement
(h) Form of Amended and Restated Administrative Services Agreement; and Form of
 Amended Shareholder Services Agreement - previously filed (see P/E Amendment
 No. 25 filed 2/14/02)
(i) Legal opinion for Classes R-1, R-2, R-3, R-4 and R-5 Shares
(j) Consent of Independent Accountants
(k) None
(l) None
(m-1) Forms of Plans of Distribution - previously filed (see P/E Amendment No.
17 filed 5/29/97; No. 21 filed 3/13/00; No. 23 filed 3/14/01; and No. 25 filed
2/14/02)
(m-2) Forms of Plans of Distribution relating to Class R-1, R-2, R-3 and R-4
Shares
(n) Form of Amended and Restated Multiple Class Plan - previously filed (see
P/E Amendment No. 25 filed 2/14/02)
(o) None
(p) Code of Ethics - previously filed (see P/E Amendment No. 25 filed 2/14/02)

ITEM 24. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH REGISTRANT

  None

ITEM 25. INDEMNIFICATION

 Registrant is a joint-insured under Investment Advisor/Mutual Fund Errors and
Omissions Policies written by American International Surplus Lines Insurance
Company, Chubb Custom Insurance Company  and ICI Mutual Insurance Company.
These policies insure its officers and trustees against certain liabilities.
However, in no event will Registrant maintain insurance to indemnify any such
person for any act for which Registrant itself is not permitted to indemnify
the individual.

Article VI of the Trust's By-Laws states:

(a) The Trust shall indemnify any Trustee or officer of the Trust who was or is
a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative
or investigative (other than action by or in the right of the Trust) by reason
of the fact that such person is or was such Trustee or officer or an employee
or agent of the Trust, or is or was serving at the request of the Trust as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by such person in connection with such action, suit or proceeding if
such person acted in good faith and in a manner such person reasonably believed
to be in or not opposed to the best interests of the Trust, and, with respect
to any criminal action or proceeding, had no reasonable cause to believe such
person's conduct was unlawful.

The termination of any action, suit or proceeding by judgment, order,
settlement, conviction or upon a plea of nolo contendere or its equivalent,
shall not, of itself, create a presumption that the person reasonably believed
to be opposed to the best interests of the Trust, and, with respect to any
criminal action or proceeding, had reasonable cause to believe that such
person's conduct was unlawful.

(b) The Trust shall indemnify any Trustee or officer of the Trust who was or is
a party or is threatened to be made a party to any threatened, pending or
completed action or suit by or in the right of the Trust to procure a judgment
in its favor by reason of the fact that such person is or was such Trustee or
officer or an employee or agent of the Trust, or is or was serving at the
request of the Trust as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, against
expenses (including attorneys' fees), actually and reasonably incurred by such
person in connection with the defense or settlement of such action or suit if
such person acted in good faith and in a manner such person reasonably believed
to be in or not opposed to the best interests of the Trust, except that no
indemnification shall be made in respect of any claim, issue or matter as to
which such person shall have been adjudged to be liable for negligence or
misconduct in the performance of such person's duty to the Trust unless and
only to the extent that the court in which such action or suit was brought, or
any other court having jurisdiction in the premises, shall determine upon
application that, despite the adjudication of liability but in view of all
circumstances of the case, such person is fairly and reasonably entitled to
indemnity for such expenses which such court shall deem proper.

(c) To the extent that a Trustee or officer of the Trust has been successful on
the merits in defense of any action, suit or proceeding referred to in
subparagraphs (a) or (b) above or in defense of any claim, issue or matter
therein, such person shall be indemnified against expenses (including
attorneys' fees) actually and reasonably incurred by such person in connection
therewith, without the necessity for the determination as to the standard of
conduct as provided in subparagraph (d).

(d) Any indemnification under subparagraph (a) or (b) (unless ordered by a
court) shall be made by the Trust only as authorized in the specific case upon
a determination that indemnification of the Trustee or officer is proper under
the standard of conduct set forth in subparagraph (a) or (b).  Such
determination shall be made (i) by the Board by a majority vote of a quorum
consisting of Trustees who were not parties to such action, suit or proceeding,
and are disinterested Trustees or (ii) if such a quorum of disinterested
Trustees so directs, by independent legal counsel in a written opinion.

(e) Expenses incurred in defending a civil or criminal action, suit or
proceeding may be paid by the Trust in advance of the final disposition of such
action, suit or proceeding, as authorized in the particular case, upon receipt
of an undertaking and security by or on behalf of the Trustee or officer to
repay such amount unless it shall ultimately be determined that such person is
entitled to be indemnified by the Trust as authorized herein.  Such
determination must be made by disinterested Trustees or independent legal
counsel.

(f) Agents and employees of the Trust who are not Trustees or officers of the
Trust may be indemnified under the same standards and procedures set forth
above, in the discretion of the Board.

(g) Any indemnification pursuant to this Article shall not be deemed exclusive
of any other rights to which those indemnified may be entitled and shall
continue as to a person who has ceased to be Trustee or officer and shall inure
to the benefit of the heirs, executors and administrators of such person.

(h) Nothing in the Declaration of Trust or in these By-Laws shall be deemed to
protect any Trustee, officer, distributor, investment adviser or controlling
shareholder of the Trust against any liability to the Trust or to its
shareholders to which such person would otherwise be subject by reason of
willful malfeasance, bad faith, gross negligence or reckless disregard of the
duties involved in the conduct of such person's office.

(i) The Trust shall have power to purchase and maintain insurance on behalf of
any person against any liability asserted against or incurred by such person,
whether or not the Trust would have the power to indemnify such person against
such liability under the provisions of this Article.  Nevertheless, insurance
will not be purchased or maintained by the Trust if the purchase or maintenance
of such insurance would result in the indemnification of any person in
contravention of any rule or regulation of the Securities and Exchange
Commission.

Insofar as indemnification for liability arising under the Securities Act of
1933 may be permitted to Trustees, officers and controlling persons of the
Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable.  In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a Trustee, officer of controlling person of the registrant
in the successful defense of any action, suit or proceeding) is asserted by
such Trustee, officer of controlling person in connection with the securities
being registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.

 Registrant will comply with the indemnification requirements contained in the
Investment Company Act of 1940 (the "1940 Act") Releases No. 7221 (June 9,
1972) and No. 11330 (September 4, 1980).  In addition, indemnification by the
Registrant shall be consistent with the requirements of rule 484 under the
Securities Act of 1933.  Furthermore, Registrant undertakes to the staff of the
Securities and Exchange Commission that the Fund's indemnification provisions
quoted above prohibit indemnification for liabilities arising under the
Securities Act of 1933 and the 1940 Act.

ITEM 26. BUSINESS AND OTHER CONNECTIONS OF INVESTMENT ADVISER

  None

ITEM 27. PRINCIPAL UNDERWRITERS

  (a)  American Funds Distributors, Inc. is the Principal Underwriter of shares
of:  AMCAP Fund, Inc., American Balanced Fund, Inc., The American Funds Income
Series, The American Funds Tax-Exempt Series I, The American Funds Tax-Exempt
Series II, American High-Income Municipal Bond Fund, Inc., American High-Income
Trust, American Mutual Fund, Inc., The Bond Fund of America, Inc., Capital
Income Builder, Inc., Capital World Bond Fund, Inc., Capital World Growth and
Income Fund, Inc., The Cash Management Trust of America, Fundamental Investors,
Inc., The Growth Fund of America, Inc., The Income Fund of America, Inc., The
Investment Company of America, Intermediate Bond Fund of America, Limited Term
Tax-Exempt Bond Fund of America, The New Economy Fund, New Perspective Fund,
Inc., New World Fund, Inc., SMALLCAP World Fund, Inc., The Tax-Exempt Bond Fund
of America, Inc., The Tax-Exempt Money Fund of America, U.S. Treasury Money
Fund of America and Washington Mutual Investors Fund, Inc.

<TABLE>
<CAPTION>
(B)                 (1)                                                           (2)              (3)



       NAME AND PRINCIPAL                        POSITIONS AND OFFICES          POSITIONS AND OFFICES

          BUSINESS ADDRESS                         WITH UNDERWRITER               WITH REGISTRANT




    <c>                                       <c>                            <c>
       David L. Abzug                            Vice President                 None

       P.O. Box 2248

       Agoura Hills, CA 91376



       John A. Agar                              Vice President                 None

       P.O. Box 7326

       Little Rock, AR 72217



       Robert B. Aprison                         Vice President                 None

       2983 Bryn Wood Drive

       Madison, WI  53711



L      William W. Bagnard                        Vice President                 None



       Steven L. Barnes                          Senior Vice President          None

       7490 Clubhouse Road

       Suite 100

       Boulder, CO  80301



B      Carl R. Bauer                             Vice President                 None



       Michelle A. Bergeron                      Senior Vice President          None

       4160 Gateswalk Drive

       Smyrna, GA 30080



       J. Walter Best, Jr.                       Regional Vice President        None

       9013 Brentmeade Blvd.

       Brentwood, TN 37027



       Joseph T. Blair                           Senior Vice President          None

       P.O. Box 3529

       148 E. Shore Avenue

       Groton Long Point, CT 06340



       John A. Blanchard                         Vice President                 None

       576 Somerset Lane

       Northfield, IL 60093



       Ian B. Bodell                             Senior Vice President          None

       P.O. Box 1665

       Brentwood, TN  37024-1665



       Mick L. Brethower                         Senior Vice President          None

       601 E. Whitestone Blvd.

       Building 6, Suite 115

       Cedar Park, TX 78613



       Alan Brown                                Vice President                 None

       4129 Laclede Avenue

       St. Louis, MO 63108



B      J. Peter Burns                            Vice President                 None



       Cody Callaway                             Regional Vice President        None

       803 South Desert Palm Place

       Broken Arrow, OK 74012



       Matthew C. Carlisle                       Regional Vice President        None

       4500 Fairvista Drive

       Charlotte, NC 28269



       Damian F. Carroll                         Regional Vice President        None

       40 Ten Acre Road

       New Britain, CT 06052



       Brian C. Casey                            Vice President                 None

       8002 Greentree Road

       Bethesda, MD  20817



       Victor C. Cassato                         Senior Vice President          None

       609 W. Littleton Blvd., Suite 310

       Littleton, CO  80120



       Christopher J. Cassin                     Senior Vice President          None

       19 North Grant Street

       Hinsdale, IL  60521



       Denise M. Cassin                          Vice President                 None

       1301 Stoney Creek Drive

       San Ramon, CA  94583



L      David Charlton                            Senior Vice President          None



L      Larry P. Clemmensen                       Director                       None



L      Kevin G. Clifford                         Director, President and        None
                                                 Co-Chief

                                                 Executive Officer



H      Cheri Coleman                             Assistant Vice President       None



       Ruth M. Collier                           Senior Vice President          None

       29 Landsdowne Drive

       Larchmont, NY 10538



S      David Coolbaugh                           Vice President                 None



       Carlo O. Cordasco                         Regional Vice President        None

       101 Five Forks Lane

       Hampton, VA 23669



       Thomas E. Cournoyer                       Vice President                 None

       2333 Granada Boulevard

       Coral Gables, FL  33134



       Joseph G. Cronin                          Regional Vice President        None

       1533 Wilmot Road

       Deerfield, IL 60015



       William F. Daugherty                      Regional Vice President        None

       1216 Highlander Way

       Mechanicsburg, PA 17050



       Guy E. Decker                             Regional Vice President        None

       2990 Topaz Lane

       Carmel, IN 46032



       Daniel J. Delianedis                      Vice President                 None

       Edina Executive Plaza

       5200 Willson Road, Suite 150

       Edina, MN  55424



       James A. DePerno, Jr.                     Regional Vice President        None

       91 Church Street

       East Aurora, NY 14052



L      Bruce L. DePriester                       Senior Vice President          None



       Thomas J. Dickson                         Regional Vice President        None

       108 Wilmington Court

       Southlake, TX 76092



       Michael A. DiLella                        Vice President                 None

       P. O. Box 661

       Ramsey, NJ  07446



       G. Michael Dill                           Senior Vice President          None
       505 E. Main Street

       Jenks, OK  74037



       Kirk D. Dodge                             Senior Vice President          None

       2627 Mission Street

       San Marino, CA  91108



       Peter J. Doran                            Director, Executive Vice       None
                                                 President

       100 Merrick Road, Suite 216W

       Rockville Centre, NY 11570



L      Michael J. Downer                         Secretary                      None



       Michael J. Dullaghan                      Regional Vice President        None

       5040 Plantation Grove Lane

       Roanoke, VA 24012



S      J. Steven Duncan                          Senior Vice President          None



       Robert W. Durbin                          Vice President                 None

       74 Sunny Lane

       Tiffin, OH  44883



I      Lloyd G. Edwards                          Senior Vice President          None



       Timothy L. Ellis                          Regional Vice President        None

       1441 Canton Mart Road, Suite 9

       Jackson, MS 39211



       John R. Fodor                             Senior Vice President          None

       15 Latisquama Road

       Southborough, MA  01772



       Daniel B. Frick                           Regional Vice President        None

       845 Western Avenue

       Glen Ellyn, IL 60137



       Clyde E. Gardner                          Senior Vice President          None

       Route 2, Box 3162

       Osage Beach, MO  65065



L      Linda S. Gardner                          Assistant Vice President       None



B      Evelyn K. Glassford                       Vice President                 None



       Jack E. Goldin                            Regional Vice President        None

       7995 Northwest 20th Street

       Pembroke Pines, FL 33024



       Jeffrey J. Greiner                        Vice President                 None

       12210 Taylor Road

       Plain City, OH  43064



L      Paul G. Haaga, Jr.                        Director                       None



B      Mariellen Hamann                          Vice President                 None



       Derek S. Hansen                           Regional Vice President        None

       13033 Ridgedale Drive, PMB 147
       Minnetonka, MN 55305



       David E. Harper                           Senior Vice President          None

       150 Old Franklin School Road

       Pittstown, NJ 08867



H      Mary Pat Harris                           Vice President                 None



       Robert J. Hartig, Jr.                     Regional Vice President        None

       8504 Scenic View Drive, Apt. 103

       Fishers, IN 46038



       Steven J. Hipsley                         Regional Vice President        None

       14 Dyer Switch Road

       Saratoga Springs, NY 12866



       Ronald R. Hulsey                          Senior Vice President          None

       6202 Llano

       Dallas, TX  75214



       Robert S. Irish                           Vice President                 None

       1225 Vista Del Mar Drive

       Delray Beach, FL  33483



       Michael J. Johnston                       Director                       None

       630 Fifth Avenue, 36th Floor

       New York, NY  10111



B      Damien M. Jordan                          Senior Vice President          None



       John P. Keating                           Regional Vice President        None

       2285 Eagle Harbor Parkway

       Orange Park, FL 30073



       Dorothy Klock                             Vice President                 None

       555 Madison Avenue, 29th Floor

       New York, NY 10022



       Dianne L. Koske                           Assistant Vice President

       122 Clydesdale Court

       Hampton, VA 23666



       Andrew R. LeBlanc                         Regional Vice President        None

       78 Eton Road

       Garden City, NY 11530



B      Karl A. Lewis                             Vice President                 None



       T. Blake Liberty                          Vice President                 None

       5506 East Mineral Lane

       Littleton, CO  80122



       Mark J. Lien                              Regional Vice President        None

       1103 Tulip Tree Lane

       West Des Moines, IA 50266



L      Lorin E. Liesy                            Vice President                 None



I      Kelle Lindenberg                          Assistant Vice President       None



       Louis K. Linquata                         Regional Vice President        None

       5214 Cass Street

       Omaha, NE 68132



LW     Robert W. Lovelace                        Director                       Senior Vice President



       Brendan T. Mahoney                        Regional Vice President        None

       29 Harvard Drive

       Sudbury, MA 01776



       Stephen A. Malbasa                        Director, Senior Vice          None
                                                 President

       13405 Lake Shore Blvd.

       Cleveland, OH  44110



       Steven M. Markel                          Senior Vice President          None

       5241 South Race Street

       Greenwood Village, CO  80121



L      J. Clifton Massar                         Director, Senior Vice          None
                                                 President



       James R. McCrary                          Regional Vice President        None

       28812 Crestridge

       Rancho Palos Verdes, CA 90275



L      Scott F. McIntyre                         Senior Vice President          None



S      John V. McLaughlin                        Senior Vice President          None



       Terry W. McNabb                           Vice President                 None

       2002 Barrett Station Road

       St. Louis, MO  63131



       Scott M. Meade                            Regional Vice President        None

       P.O. Box 122

       Rye Beach, NH 03871



       Monty L. Moncrief                         Regional Vice President        None

       55 Chandler Creek Court

       The Woodlands, TX 77381



       William E. Noe                            Vice President                 None

       304 River Oaks Road

       Brentwood, TN  37027



       Peter A. Nyhus                            Vice President                 None

       3084 Wilds Ridge Court

       Prior Lake, MN  55372



       Eric P. Olson                             Vice President                 None

       62 Park Drive

       Glenview, IL  60025



       Jeffrey A. Olson                          Regional Vice President        None

       930 S. Cowley Street, #305

       Spokane, WA 99202



       Gary A. Peace                             Regional Vice President        None

       291 Kaanapali Drive

       Napa, CA 94558



       Samuel W. Perry                           Regional Vice President        None

       4730 East Indian School Road

       Suite 120

       Phoenix, AZ 85018



       David K. Petzke                           Regional Vice President        None

       4016 Saint Lucia Street

       Boulder, CO 80301



       Fredric Phillips                          Senior Vice President          None

       175 Highland Avenue, 4th Floor

       Needham, MA  02494



B      Candance D. Pilgrim                       Assistant Vice President       None



       Carl S. Platou                            Vice President                 None

       7455 80th Place, S.E.

       Mercer Island, WA  98040



S      Richard P. Prior                          Vice President                 None



       Mark S. Reischmann                        Regional Vice President        None

       5485 East Mineral Lane

       Littleton, CO 80122



       Steven J. Reitman                         Senior Vice President          None

       212 The Lane

       Hinsdale, IL  60521



       Brian A. Roberts                          Vice President                 None

       418 S. Royal Street

       Alexandria, VA 22314



L      Julie D. Roth                             Vice President                 None



L      James F. Rothenberg                       Director                       None



       Douglas F. Rowe                           Vice President                 None

       414 Logan Ranch Road

       Georgetown, TX  78628



       Christopher S. Rowey                      Vice President                 None

       10538 Cheviot Drive

       Los Angeles, CA  90064



H      Steve Rubin                               Assistant Vice President       None



       Dean B. Rydquist                          Senior Vice President          None

       1080 Bay Pointe Crossing

       Alpharetta, GA  30005



       Richard R. Samson                         Senior Vice President          None

       4604 Glencoe Avenue, #4

       Marina del Rey, CA  90292



       Paul V. Santoro                           Regional Vice President        None

       17 Willow Street

       Boston, MA 02108



       Joseph D. Scarpitti                       Vice President                 None

       31465 St. Andrews

       Westlake, OH  44145



       Shannon D. Schofield                      Regional Vice President        None

       201 McIver Street

       Greenville, SC 29601



S      Sherrie Senft                             Vice President                 None



L      R. Michael Shanahan                       Director                       None



       Brad Short                                Regional Vice President        None

       1601 Seal Way

       Seal Beach, CA 90740



       David W. Short                            Chairman of the Board and      None

       1000 RIDC Plaza, Suite 212                Co-Chief Executive
                                                 Officer

       Pittsburgh, PA 15238



       William P. Simon                          Senior Vice President          None

       912 Castlehill Lane

       Devon, PA 19333



       Jerry L. Slater                           Regional Vice President        None

       4152 42nd Avenue, NE

       Seattle, WA 98105



       Rodney G. Smith                           Senior Vice President          None

       5520 Frankford Court

       Dallas, TX 75252



       Anthony L. Soave                          Regional Vice President        None

       5397 W. Rosebud Court, S.E.

       Kentwood, MI 49512



L      Therese L. Soullier                       Assistant Vice President       None



       Nicholas D. Spadaccini                    Vice President                 None

       855 Markley Woods Way

       Cincinnati, OH  45230



L      Kristen J. Spazafumo                      Assistant Vice President       None



       Daniel S. Spradling                       Senior Vice President          None

       181 Second Avenue

       Suite 228

       San Mateo, CA  94401



B      Raymond Stein                             Assistant Vice President       None



LW     Eric H. Stern                             Director                       None



       Brad Stillwagon                           Regional Vice President        None

       2438 Broadmeade Road

       Louisville, KY 40205



       Thomas A. Stout                           Vice President                 None

       1004 Ditchley Road

       Virginia Beach, VA 23451



       Craig R. Strauser                         Vice President                 None

       3 Dover Way

       Lake Oswego, OR  97034



       Francis N. Strazzeri                      Senior Vice President          None

       3021 Kensington Trace

       Tarpon Springs, FL 34689



L      Lisa F. Swaiman                           Vice President                 None



L      Drew W. Taylor                            Vice President                 None



       Gary J. Thoma                             Regional Vice President        None

       21 White Cloud

       HCR 1 Box 172-A

       Keshena, WI 54135



       Cynthia M. Thompson                       Regional Vice President        None

       4 Franklin Way

       Ladera Ranch, CA 92694



L      James P. Toomey                           Vice President                 None



I      Christopher E. Trede                      Vice President                 None



       George F. Truesdail                       Senior Vice President          None

       400 Abbotsford Court

       Charlotte, NC  28270



       Scott W. Ursin-Smith                      Vice President                 None

       60 Reedland Woods Way

       Tiburon, CA  94920



       J. David Viale                            Regional Vice President        None

       39 Old Course Drive

       Newport Beach, CA 92660



       Gerald J. Voss                            Regional Vice President        None

       The Pines at Four Hills

       3900 S. Southeastern Ave., #304

       Sioux Falls, SD 57103



       Thomas E. Warren                          Vice President                 None

       7347 Turnstone Road

       Sarasota, FL  34242



L      J. Kelly Webb                             Senior Vice President,         None

                                                 Treasurer and Controller



       Gregory J. Weimer                         Vice President                 None

       206 Hardwood Drive

       Venetia, PA  15367



B      Timothy W. Weiss                          Director                       None



SF     Gregory W. Wendt                          Director                       None



       George J. Wenzel                          Regional Vice President        None

       251 Barden Road

       Bloomfield Hills, MI 48304



H      J. D. Wiedmaier                           Assistant Vice President       None



SF     N. Dexter Williams, Jr.                   Senior Vice President          None



       Timothy J. Wilson                         Vice President                 None

       113 Farmview Place

       Venetia, PA  15367



B      Laura L. Wimberly                         Vice President                 None



H      Marshall D. Wingo                         Director, Senior Vice          None
                                                 President



L      Robert L. Winston                         Director, Senior Vice          None
                                                 President



       William R. Yost                           Senior Vice President          None

       9320 Overlook Trail

       Eden Prairie, MN  55347



       Jonathan A. Young                         Regional Vice President        None

       329 Downing Drive

       Chesapeake, VA 23322



       Scott D. Zambon                           Regional Vice President        None

       2178 Piper Lane

       Tustin, CA 92782

</TABLE>

__________

L Business Address, 333 South Hope Street, Los Angeles, CA  90071
LW Business Address, 11100 Santa Monica Boulevard, 15th Floor, Los Angeles, CA
90025
B Business Address, 135 South State College Boulevard, Brea, CA  92821
S Business Address, 3500 Wiseman Boulevard, San Antonio, TX  78251
SF Business Address, One Market, Steuart Tower, Suite 1800, San Francisco, CA
94105-1016
H Business Address, 5300 Robin Hood Road, Norfolk, VA 23513
I Business Address, 8332 Woodfield Crossing Blvd., Indianapolis, IN 46240

 (c) None

ITEM 28. LOCATION OF ACCOUNTS AND RECORDS

 Accounts, books and other records required by Rules 31a-1 and 31a-2 under the
Investment Company Act of 1940, as amended, are maintained and held in the
offices of its investment adviser, Capital Research and Management Company, 333
South Hope Street, Los Angeles, California 90071, and/or 135 South State
College Boulevard, Brea, California 92821.

 Registrant's records covering shareholder accounts are maintained and kept by
its transfer agent, American Funds Service Company, 135 South State College
Boulevard, Brea,
California 92821; 8332 Woodfield Crossing Boulevard, Indianapolis, IN 46240;
3500 Wiseman Boulevard, San Antonio, Texas 78251; and 5300 Robin Hood Road,
Norfolk, VA  23513.

 Registrant's records covering portfolio transactions are maintained and kept
by its custodian, JPMorgan Chase Bank, 270 Park Avenue, New York, New York
10017-2070.

ITEM 29. MANAGEMENT SERVICES

 None

ITEM 30. UNDERTAKINGS

 n/a


                            SIGNATURE OF REGISTRANT

Pursuant to the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940, the Registrant certifies that it meets all of the
requirements for effectiveness of this Registration Statement pursuant to Rule
485(b) under the Securities Act of 1933 and has duly caused this amended
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Los Angeles, and State of California, on the
13th day of May, 2002.

 EUROPACIFIC GROWTH FUND
 By  /s/ Gina H. Despres
      (Gina H. Despres, Chairman of the Board)

Pursuant to the requirements of the Securities Act of 1933, this amendment to
Registration Statement has been signed below on May 13, 2002, by the following
persons in the capacities indicated.

<TABLE>
<CAPTION>

       <c>                                           <c>
          SIGNATURE                                     TITLE

(1)       Principal Executive Officer:

           /s/ Mark E. Denning                          President and Trustee

          (Mark E. Denning)

(2)       Financial Officer and
          Principal Financial Officer and

          Principal Accounting Officer:

           /s/ R. Marcia Gould                          Treasurer

          (R. Marcia Gould)

(3)       Trustees:

          Elisabeth Allison*                            Trustee

           /s/ Mark E. Denning                          President and Trustee

          (Mark E. Denning)

          /s/ Gina H. Despres                           Chairman of the Board

          (Gina H. Despres)                             Trustee

          Robert A. Fox*                                Trustee

          Alan Greenway*                                Trustee

          Koichi Itoh*                                  Trustee

          William H. Kling*                             Trustee

          John G. McDonald*                             Trustee

          William I. Miller*                            Trustee

          Alessandro Ovi                                Trustee

          Kirk P. Pendleton                             Trustee

          Thierry Vandeventer                           Trustee



          *By /s/ Vincent P. Corti

                (Vincent P. Corti, Attorney-in-Fact)

</TABLE>

Counsel represents that this amendment does not contain disclosures that would
make the amendment ineligible for effectiveness under the provisions of rule
485(b).


                                       /s/ Kristine M. Nishiyama
                                        (Kristine M. Nishiyama)