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MUTUAL FUND SELECT TRUST MUTUAL FUND SELECT GROUP Supplement dated February 26, 1997 to the Prospectuses dated December 30, 1996 Qualified investors, as described in the Eligible Investors section of "How To Purchase and Redeem Shares", are defined as trusts, fiduciary accounts and investment management clients of a Financial Institution or its affiliate. This language supersedes the first sentence in the Eligible Investors section of the Prospectuses. MFSGT-36
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