NORTHSTAR EQUITY TRUST
497, 1999-07-06
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                          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 PrimeVest Financial Services, Inc. and 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.

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This Supplement supercedes all preceding Supplements.



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