BERGER IPT - 100 FUND
BERGER IPT - GROWTH AND INCOME FUND
BERGER IPT - SMALL COMPANY GROWTH FUND
SUPPLEMENT DATED FEBRUARY 3, 1997
TO PROSPECTUS DATED MAY 1, 1996
Effective February 3, 1997, Patrick S. Adams has been
appointed portfolio manager of the Berger IPT - 100 Fund and co-
manager, along with Berger Associates Senior Analyst Mark R. McKinney,
of the Berger IPT - Growth and Income Fund. Mr. Adams and Mr.
McKinney assumed responsibility for the day-to-day investment
management of those Funds, succeeding Rodney L. Linafelter. William
R. Keithler continues as portfolio manager for the Berger IPT - Small
Company Growth Fund.
Accordingly, page 10 of the Prospectus for the Berger IPT -
100 Fund, the Berger IPT - Growth and Income Fund and the Berger IPT -
Small Company Growth Fund of the Berger Institutional Products Trust
is amended to read as follows: the second and third paragraphs under
"5. Management and Investment Advice" are deleted in their 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 Senior Analyst Mark R.
McKinney. The portfolio managers are responsible
for the investments for their Funds, including the
day-to-day investment decisions for the Funds."
"Mr. Adams joined Berger Associates in February
1997, where he serves as portfolio manager for the
Berger IPT - 100 Fund and the retail Berger 100
Fund, co-manager for the Berger IPT - Growth and
Income Fund and the retail Berger Growth and
Income Fund, and portfolio manager for retirement
plans and institutional and private investors.
Mr. Adams previously served as Senior Vice
President with Zurich Kemper Investments, Inc.,
from June 1996 to January 1997, where he was
portfolio manager of the Kemper Growth Fund. Mr.
Adams served as Portfolio Manager with Founders
Asset Management, Inc., from March 1993 to May
1996, where he managed the Founders Blue Chip
Growth Fund and the Founders Balanced Fund. Prior
to that, Mr. Adams served in various positions
with First of America Investment Corp. for over
three years, including as Senior Portfolio
Manager/Senior Analyst from January 1992 to
February 1993, during which time he managed the
Parkstone Equity Fund."
"Mr. McKinney joined Berger Associates in January
1996, where he serves as Senior Analyst and co-
portfolio manager, along with Patrick Adams, for
the Berger IPT - Growth and Income Fund and the
retail Berger Growth and Income Fund. Mr.
McKinney previously served as Analyst/Portfolio
Manager with Farmers Insurance Co. from April 1992
to January 1996."
