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June 5, 2000 THE GANNETT WELSH & KOTLER FUNDS GW&K Equity Fund GW&K Large Cap Growth Fund GW&K Small Cap Growth Fund Supplement to Prospectus Dated May 30, 2000 The GW&K Large Cap Growth Fund and the GW&K Small Cap Growth Fund will commence operations on June 30, 2000 and will not open an account or accept investments until that date.
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