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Previous: BIONUTRICS INC, 10-Q, 1998-03-16 |
Next: MUNICIPAL INVESTMENT TR FD MULTISTATE SER 322 DEF ASSET FDS, 497, 1998-03-16 |
BERKSHIRE CAPITAL GROWTH & VALUE FUND
SUPPLEMENT DATED MARCH 16, 1998
to
STATEMENT OF ADDITIONAL INFORMATION DATED JULY 1, 1997
AS SUPPLEMENTED FEBRUARY 26, 1998
Effective March 16, 1998, the following information supplements, and to
the extent inconsistent therewith, supersedes the information as set forth in
the Statement of Additional Information relating to the Berkshire Capital
Investment Trust, Statement of Operations:
<PAGE>
<TABLE>
<CAPTION>
Berkshire Capital Investment Trust
Statement of Operations
For the Period from July 1, 1997 (date of inception) to December 31, 1997
<S> <C>
INVESTMENT INCOME:
Income:
Dividends $ 87
Interest 1,051
-----
Total income 1,138
-----
Expenses:
Investment advisory fees 764
Administration fees 255
Investment advisory and administration fees waived - Note (7) (1,019)
-------
Total expenses 0
-------
Total investment income 1,138
-------
REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain (loss) on investments (2,613)
Net change in unrealized gain (loss)
on investments for 1997 (12,613)
--------
Net gain (loss) on investments for 1997 (15,226)
--------
Net increase (decrease) in net assets
resulting from operations $ (14,088)
========
</TABLE>
See Accompanying Notes to Financial Statements
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