BERGER IPT - GROWTH AND INCOME FUND
SUPPLEMENT DATED OCTOBER 24, 1997
to
PROSPECTUS DATED MAY 1, 1997
Berger Associates Vice President Shiela J. Ohlsson has been
appointed co-manager of the Berger IPT - Growth and Income Fund,
joining Patrick S. Adams, who has been co-managing the Fund since
February 1997. Ms. Ohlsson succeeds former co-manager Mark R.
McKinney.
Accordingly, page 13 of the Prospectus for the Berger IPT
Growth and Income Fund of the Berger Institutional Products Trust is amended to
read as follows: The third paragraph under "6. Management and Investment Advice"
is deleted in its entirety and replaced with the following:
"Patrick S. Adams, Senior Vice President of Berger
Associates, is the portfolio manager for the Berger IPT - 100 Fund.
Mr. Adams also co-manages the Berger IPT - Growth and Income Fund,
along with Berger Associates Vice President Shiela J. Ohlsson. The
portfolio managers are responsible for the investments of their Funds,
including the day-to-day investment decisions for these Funds. Mr.
Adams is also President of the Berger IPT - 100 Fund and the Berger
IPT - Growth and Income Fund."
In addition, the fifth paragraph under "6. Management and
Investment Advice" is deleted in its entirety and replaced with the following:
"Ms. Ohlsson joined Berger Associates in 1991, where she
currently serves as Vice President and co-portfolio manager, along with Patrick
Adams, for the Berger Growth and Income Fund. Previously, Ms. Ohlsson served as
Senior Analyst/Portfolio Manager (February 1997 to October 1997) and Analyst
(September 1991 to February 1997) with Berger Associates."
