NORTHSTAR EQUITY INVESTMENTS
Prospectus Supplement dated July 1, 1999
to Prospectus dated March 1, 1999
The Underwriter is sponsoring an incentive program for registered
representatives of Washington Square Securities, Inc. through December 31, 1999
in connection with the sale by its members of shares of the Northstar Mid-Cap
Growth Fund. The Underwriter has agreed to provide such registered
representatives with an additional 0.15% in sales commissions with respect to
sales of all classes of the Northstar Mid-Cap Growth Fund that exceed $50,000.
