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DLJdirect MUTUAL FUNDS
Supplement dated December 17, 1999 to Statement of Additional Information
dated February 23, 1999
As of December 17, 1999, the following shall be inserted at the
end of the section entitled "Purchases, Redemptions and Exchanges-Purchases":
In addition to the methods of purchasing Fund shares that are
stated in the Prospectus, you may also purchase Fund shares through a brokerage
account with Donaldson, Lufkin & Jenrette Securities Corp. or any of its
affiliated broker-dealers and representatives. For more information on the
DLJdirect Mutual Funds, please call 1-800-825-5723.
