Rule 497(e)
File Nos. 033 63493 and 811-07367
BERGER IPT -- 100 FUND
SUPPLEMENT DATED JANUARY 3, 2000
TO
PROSPECTUS DATED MAY 1, 1999
AS SUPPLEMENTED MAY 10, 1999 AND SEPTEMBER 30, 1999
Berger LLC Vice President Tino R. Sellitto has been
appointed sole investment manager of the Berger IPT --
100 Fund. Previously, Mr. Sellitto co-managed the Fund
with John B. Jares, but has now assumed sole management
of the Fund including the portion previously managed by
Mr. Jares. The Investment Manager table on page 18 of
the Prospectus is amended accordingly.