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Supplement No.4 Dated October 6, 1999
(To Prospectus Dated February 1, 1999)
Kobrick Investment Trust
Kobrick Growth Fund
Kobrick Capital Fund
Kobrick Emerging Growth Fund
At a meeting of the Funds' Board of Trustees held on October 5, 1999, the
following changes were approved:
Effective October 6, 1999, the Funds' Distributor is New England Funds, L.P.,
399 Boylston Street, Boston, Massachusetts, 02116.
The Board has authorized the Funds to issue multiple classes of shares. Current
Fund shareholders are designated Class A shareholders and may continue to invest
in the Funds without sales charge. Effective November 1, 1999, the Funds will
also offer Classes B, C and Y shares. Class A shares purchased after October 31,
1999 will be subject to a sales charge. Class B shares will be subject to a
contingent deferred sales charge as well as service and distribution fees. Class
C shares will be subject to a service and distribution fee and, in certain
cases, a contingent deferred sales charge. Class Y shares will be subject to
certain minimum investment requirements.
On October 25, 1999, New England Cash Management Trust - Money Market Series
replaces SSgA US Government Money Market Fund as the money market option for the
exchange privilege described on page 13 of the Fund's prospectus.
