BERGER IPT - SMALL COMPANY GROWTH FUND
SUPPLEMENT DATED NOVEMBER 20, 1998
to
PROSPECTUS DATED MAY 1, 1998
Berger Associates Vice President Amy K. Selner has
been appointed manager of the Berger IPT - Small Company
Growth Fund, succeeding former manager William R.
Keithler.
Accordingly, the Prospectus for the Berger IPT -
Small Company Growth Fund is amended to read as follows:
The paragraphs under "6. Management and Investment
Advice" referencing Mr. Keithler are deleted in their
entirety and replaced with the following:
"Amy K. Selner is the Vice President and portfolio
manager of the Berger IPT - Small Company Growth Fund
and is primarily responsible for the investments of the
Fund, including the day-to-day investment decisions for
the Fund. Ms. Selner also serves as Vice President and
portfolio manager for the Berger Small Company Growth
Fund.
"Ms. Selner joined Berger Associates in April 1996
as a senior technology analyst and since December 1997
has served as Vice President with Berger Associates.
Ms. Selner assumed management of the Berger IPT - Small
Company Growth Fund in November 1998. Previously, she
was Assistant Portfolio Manager and Research Analyst
with INVESCO Trust Company from March 1991 through March
1996."
