PLEASE FILE THIS PROSPECTUS SUPPLEMENT WITH YOUR RECORDS.
STRONG LIFE STAGE SERIES
STRONG CONSERVATIVE PORTFOLIO
STRONG MODERATE PORTFOLIO
STRONG AGGRESSIVE PORTFOLIO
Supplement to the Prospectus dated May 1, 2000
Effective immediately, the following table replaces the Annual Fund Operating
Expenses table found on pages 10 and 11 of the funds'prospectus:
ANNUAL FUND OPERATING EXPENSES* (as a percent of average net assets)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
UNDERLYING TOTAL ANNUAL
MANAGEMENT OTHER FUND OPERATING FEE WAIVERS AND/OR NET FUND
FUND FEE EXPENSES EXPENSES** EXPENSES ABSORPTIONS*** EXPENSES
--------------------------------------------------------------------------------------------------------------
Conservative NONE 1.51% 0.93% 2.44% 1.26% 1.18%
Moderate NONE 0.63% 1.00% 1.63% 0.38% 1.25%
Aggressive NONE 1.57% 1.07% 2.64% 1.32% 1.32%
</TABLE>
* THE EXPENSES ASSOCIATED WITH INVESTING IN A "FUND OF FUNDS," SUCH AS THE
CONSERVATIVE, MODERATE, AND AGGRESSIVE PORTFOLIOS, ARE GENERALLY HIGHER THAN
THOSE OF MUTUAL FUNDS THAT DO NOT INVEST PRIMARILY IN OTHER MUTUAL FUNDS. THIS
IS BECAUSE SHAREHOLDERS IN A FUND OF FUNDS INDIRECTLY PAY A PORTION OF THE FEES
AND EXPENSES CHARGED AT THE UNDERLYING FUND LEVEL.
** UNDERLYING FUND EXPENSES DO NOT REFLECT OUR WAIVER OF MANAGEMENT FEES AND/OR
ABSORPTIONS. WITH WAIVERS AND ABSORPTIONS FOR THE HERITAGE MONEY FUND, THE
UNDERLYING FUND EXPENSES FOR THE CONSERVATIVE, MODERATE, AND AGGRESSIVE
PORTFOLIOS ARE 0.92%, 0.99%, AND 1.06%, RESPECTIVELY. WE CAN TERMINATE THIS
WAIVER AND ABSORPTION AT ANY TIME.
*** WE HAVE CONTRACTUALLY AGREED TO WAIVE OUR ADMINISTRATIVE FEES AND/OR ABSORB
EXPENSES FOR THE FUNDS UNTIL MAY 1, 2002 TO KEEP OTHER EXPENSES AT NO MORE THAN
0.25%.
The date of this Prospectus Supplement is December 29, 2000.
