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Previous: EXTENDED STAY AMERICA INC, 15-12G, 1997-04-28 |
Next: SIERRA PRIME INCOME FUND, SC 13E4/A, 1997-04-28 |
Filed pursuant to Rule 497(e)
File Numbers: 811-9118; 33-98454
Supplement dated April 25, 1997 to DEM, Inc. Prospectus dated
October 4, 1997
DEM, INC.
FINANCIAL HIGHLIGHTS
For The Period Ended March 31, 1997 (Unaudited),
For The Year Ended December 31, 1996 (Unaudited) And
For The Period From Inception (November 30,1995) Through
December 31, 1995 (Audited)
<TABLE>
<CAPTION>
For the
For the Year Period
For the 3 Ended Ended
months Ended December 31, December
March 31, 1996 31, 1995
1997
<S> <C> <C> <C>
PER SHARE DATA:
Net asset value on issuance $- $- $13.97
of shares
Dilution effect from shares-
Organizational costs - - (.21)
Shares issued - (.28) -
Investment income .01 .30 .01
Expenses (.09) (.72) .00
Net investment income (.08) (.42) .01
(loss)
Distributions from net (.19) (.05) -
investment income
Net realized and unrealized (1.07) 1.15 -
gain (loss) on securities
Net increase (decrease) (1.34) .68 .01
in net asset value
Net asset value-
Beginning of period 14.17 13.77 -
End of period $12.83 $14.17 $13.77
Per share market value, end $15.00 $15.50 $15.00
of period
Total investment return (3.22)% 3.68% -
RATIOS TO AVERAGE NET ASSETS:
Expenses 2.71% 3.21% .04%
Net investment income (2.43)% (1.89)% 1.45%
(loss)
Average commission rate 5.00% 4.38% -
paid
Portfolio turnover rate 26.0% 332.60% -
SUPPLEMENTAL DATA:
Net assets, end of the $9,981,149 $11,025,152 $4,742,800
period
</TABLE>
BA3DOCS1/0059542.01
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