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Supplement dated December 18, 2000
to Prospectus dated September 1, 2000
The Orbitex Strategic Infrastructure Fund, Orbitex Internet Fund, and Orbitex
Emerging Technology Fund are currently not available for purchase.
* * * * * * * * * *
Class A Shares of Orbitex Amerigo Fund and Orbitex Clermont Fund, and
Class C Shares of Orbitex Energy & Basic Materials Fund are currently not
available for purchase.
* * * * * * * * * *
The "Maximum Sales Charge (Load) Imposed on Purchase" section of the
"Shareholder Fees" portion of the fee table following the heading "Investor
Expenses" on page 14 is replaced in its entirety with the following:
<TABLE>
<CAPTION>
Class A Class B Class C
Shares Shares Shares
<S> <C> <C> <C> <C>
Shareholder Fees (fees paid directly from your investment)
Maximum Sales Charge (Load) Imposed on Purchase (as a% of
offering price) 5.75%(1) None None
</TABLE>
* * * * * * * * * *
The "Initial Purchase: For Orbitex Health & Biotechnology Fund or Orbitex
Focus 30 Fund," portion of the "By Wire" section of the "Purchase Procedures"
table on page 90 is replaced in its entirety with the following:
INITIAL PURCHASE: For Orbitex Health & Biotechnology Fund or Orbitex Focus 30
Fund, call us at 1-888-ORBITEX for instructions and to receive an account
number. You will need to instruct a Federal Reserve System member bank to
wire funds to: Bank of New York, ABA No. 021000018, Attn: BBKIOC 612 Mutual
Funds Incoming/Circle Trust Company Credit: Name of Fund, DDA No. 8900404213,
FBO: Shareholder Name, Name of Fund, Shareholder Account Number. You must
also complete and mail an application to the address shown above under "By
Mail."
* * * * * * * * * *
Circle Trust Company serves as custodian for all the Funds except for Orbitex
Amerigo and Orbitex Clermont Funds. Accordingly, with regard to these Funds,
the reference to State Street Bank and Trust Company on page 99 should read:
Circle Trust Company
Metro Center, One Station Place, Suite 30
Stamford, Connecticut 06902
