Supplement to
Prospectus
of
Wright Managed Growth with Income Fund
dated May 27, 1999
Effective as of the date of this supplement, the above Prospectus is
revised as follows to reflect investment policy changes adopted by certain of
the mutual funds managed by Wright Investors' Service in which the fund may
invest.
1. The disclosure relating to Wright Selected Blue Chip Equities
Portfolio on page 1 of the Prospectus is revised by the following
disclosure:
"The Portfolio is managed to a benchmark, which is the Standard &
Poor's Mid-Cap 400 Index."
2. The disclosure relating to Wright Major Blue Chip Equities Fund on
page 1 of the Prospectus is revised by the following disclosure:
"The fund is managed to a benchmark, which is the Standard & Poor's
500 Index."
3. The disclosure relating to Wright International Blue Chip Equities
Portfolio on page 1 of the Prospectus is revised by the deletion of
the following disclosure:
"No more than 20% of assets will be invested in any one country."
4. The disclosure relating to Wright U.S. Treasury Portfolio on page 1
of the Prospectus is revised by the following disclosure:
"The Portfolio is managed to a benchmark, which is the Lehman U.S.
Treasury Bond Index."
5. The disclosure relating to Wright Total Return Bond Fund on page 1 of
the Prospectus is revised by the following disclosure:
"Wright Total Return Bond Fund (WTRB) seeks a superior rate of total
return by investing in U.S. Government and investment grade (rated
"BBB" or higher) corporate debt securities of companies meeting
Wright quality standards. The fund is managed to a benchmark, which
is the Lehman U.S. Aggregate Bond Index."
6. The disclosure relating to Wright Current Income Fund on page 1 of the
Prospectus is revised by the following disclosure:
"Wright Current Income Portfolio (WCIF) seeks a high level of current
income with moderate fluctuations of principal by investing in debt
obligations issued or guaranteed by the U.S. government or any of its
agencies or backed only by the credit of a federal agency such as the
Federal Home Loan Bank, Fannie Mae (Federal National Mortgage
Association) and the Federal Home Loan Mortgage Corporation, and
corporate debt securities."
February 1, 2000
