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ORBITEX GROUP OF FUNDS
SUPPLEMENT DATED JANUARY 1, 1999,
TO PROSPECTUS DATED JULY 12, 1999
The paragraph following the heading "Portfolio Manager" on page 34 of the
Prospectus is replaced in its entirely with the following paragraph:
The Strategic Natural Resources Fund is managed by a team of investment
professionals at Orbitex Management, Inc. who are primarily responsible
for day-to-day decisions regarding the Fund's investments.
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