JANUARY 15, 1999, SUPPLEMENT TO THE
PROSPECTUS DATED NOVEMBER 3, 1998
PAGE 19--PORTFOLIO MANAGER
Delete the last paragraph on page 19 describing the portfolio manager of the
Global Resources Fund and replace with the following:
The adviser uses a team approach to manage the assets of the Global
Resources Fund. The management team meets weekly to review
macro-economic factors, and meets daily to review portfolio holdings
and discuss buy and sell activity. The team employs modeling
techniques to determine the fund's industry weightings and to screen
specific stocks. Investment decisions for the fund are made by the
team, and no single person has final responsibility for these
decisions.
PAGE 22--PORTFOLIO MANAGER
Delete the last paragraph on page 22 describing the portfolio manager of the
Income Fund and replace with the following:
The adviser uses a team approach to manage the assets of the Income
Fund. The management team meets weekly to review macro-economic
factors, and meets daily to review portfolio holdings and discuss buy
and sell activity. The team employs modeling techniques to determine
the fund's industry weightings and to screen specific stocks.
Investment decisions for the fund are made by the team, and no single
person has final responsibility for these decisions.
