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[GRAPHIC OMITTED][GRAPHIC OMITTED]
Supplement dated September 1, 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 C Shares of the ORBITEX Energy & Basic Materials Fund are currently not
available for purchase.
* * * * * * * * * *
Funds Distributor, Inc. serves as the distributor of the following Funds:
Orbitex Info-Tech & Communications Fund, Orbitex Strategic Infrastructure Fund,
Orbitex Health & Biotechnology Fund, Orbitex Energy & Basic Materials Fund,
Orbitex Financial Services Fund, Orbitex Focus 30 Fund, Orbitex Growth Fund,
Orbitex Internet Fund, and Orbitex Emerging Technology Fund. Accordingly, with
regard to these Funds, the references to Orbitex Funds Distributor, Inc. on
pages 87 and 99 should read:
Funds Distributor, Inc.
60 State Street
Boston, Massachusetts 02109
However, ORBITEX Funds Distributor, Inc. serves as the distributor to the
Orbitex Amerigo Fund and Orbitex Clermont Fund.
