CATHOLIC VALUES INVESTMENT TRUST
Supplement to
Statement of Additional Information of
Catholic Values Investment Trust Equity Fund
dated April 30, 1999
The following is added after the last paragraph of the "Principal
Underwriter" section of the Statement of Additional Information:
From time to time, WISDI may enter into special arrangements with
broker-dealers for assistance with its principal underwriting and
distribution activities. WISDI has entered into such an
arrangement with Talbot Financial Services, Inc. (Talbot), a
registered broker-dealer. WISDI may compensate Talbot up to 0.25%
of net assets upon the initial sale of shares, and up to 0.15% per
year of net assets retained after one year. This compensation is
payable by WISDI, and not the fund. There is no additional cost to
the fund by this arrangement.
November 29, 1999
