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BERGER INSTITUTIONAL PRODUCTS TRUST
Berger IPT - Small Company Growth Fund
SUPPLEMENT DATED MAY 24, 2000
TO
PROSPECTUS DATED MAY 1, 2000
Effective June 5, 2000, Jay W. Tracey III will join Berger LLC
("Berger") as Executive Vice President and Chief Investment Officer. Mr. Tracey
comes to Berger from OppenheimerFunds, Inc. where he was Vice President and
portfolio manager of the Oppenheimer Enterprise Fund since its inception in
November, 1995. Mr. Tracey has more than 23 years of experience in the
investment management industry.
Also effective June 5, 2000, Berger Senior Vice President Mark S.
Sunderhuse will become Executive Vice President of Berger, at which time Messrs.
Tracey and Sunderhuse will serve as interim managers of the Berger IPT - Small
Company Growth Fund, succeeding former manager Amy K. Selner. Effective
immediately, Mr. Sunderhuse will manage the Berger IPT - Small Company Growth
Fund until the arrival of Mr. Tracey on June 5, 2000.
The Investment Manager section on page 12 of the Prospectus is amended
accordingly.
