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Supplement dated October 19, 1999 to PROSPECTUS dated October 18, 1999 of INVESTORS CAPITAL FUNDS Investors Capital Internet Fund For prospective shareholders of Investors Capital Internet Fund only: Shares of Investors Capital Internet Fund are not available for purchase at this time. For more information about the Fund, please contact Investors Capital Corporation, the Fund's distributor, at 877-IC FUNDS (877-423-8637).
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