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INVESTMENT MANAGER
Berkeley Capital Management
650 California Street, Suite 2800
San Francisco, CA 94108
ADMINISTRATOR, TRANSFER AGENT,
DIVIDEND PAYING AGENT,
SHAREHOLDER SERVICING AGENT
& CUSTODIAN
Firstar Trust Company
P.O. Box 701
Milwaukee, WI 53201-0701
LEGAL COUNSEL
Paul, Hastings, Janofsky & Walker LLP
345 California Street
San Francisco, CA 94104
INDEPENDENT AUDITORS
Price Waterhouse LLP
100 E. Wisconsin Avenue, Suite 1500
Milwaukee, WI 53202
[LOGO]
PROSPECTUS
JULY 24, 1997
Berkeley Capital Management Funds
650 California Street, Suite 2800
San Francisco, CA 94108