THE DESSAUER GLOBAL EQUITY FUND
Supplement dated October 19, 1999
To the Statement of Additional Information
dated July 27, 1999
At a meeting of the Board of Trustees of The Dessauer Global Equity Fund (the
"Fund"), held September 15, 1999, Peter M. Alessi was appointed by the Board of
Trustees to serve as an Independent Trustee of the Fund.
As a result of his appointment, the table on page 4 of the Fund's Statement of
Additional Information dated July 27, 1999 (under the heading "Management of the
Fund - Board of Trustees") is supplemented as follows:
Positions held with Principal Occupations
Name and Age Registrant during Past
Five Years
- ------------ ------------------- ---------------------------
Peter M. Alessi, 56 Independent Trustee Retired (March 1992); former
Chief Operating Officer,
Thayer Pharmacies, Inc.
