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Previous: STATEN ISLAND BANCORP INC, NT 11-K, 1999-06-30 |
Next: METROMEDIA FIBER NETWORK INC, 8-K, 1999-06-30 |
<PAGE>
Supplement to the CypressTree Senior Floating Rate Fund
May 1, 1999 Prospectus
Effective July 1, 1999, the Fund's investment adviser, CypressTree Asset
Management Corporation, Inc. (CAM), has agreed to reimburse all but .45% of the
Fund's expenses through July 31, 1999. After that date, unless reimbursement of
all expenses is further extended by CAM, the expense cap will revert to the one
described on page 3 of the Fund prospectus.
0699-10062 June 30, 1999
PROSPECTUS DATED MAY 1, 1999
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