November 1, 1995
Delaware Cash Reserve
B Class
Supplement to Prospectus dated May 30, 1995
The following supplements the information that appears in the section of the
Prospectus under the heading "Redemption and Exchange":
Systematic Withdrawal Plan
Effective November 1, 1995, systematic withdrawal plans may be established for
Class B accounts of at least $5,000. Shareholders may elect any withdrawal
amount (minimum $25 per month/$75 per quarter); however, if the annual amount
selected exceeds 12% of the account balance on the date that the systematic
withdrawal plan is established, all withdrawals under the plan will be subject
to applicable contingent deferred sales charges. This 12% annual limit will be
reset on the date of any modification of the systematic withdrawal plan such as
a change in the withdrawal amount or the frequency or date of withdrawals,
based on the balance in the account on that date.
In determining which shares will be redeemed for each systematic withdrawal
payment, the first shares to be redeemed will be those not subject to a
contingent deferred sales charge because they have either satisfied the
required holding period or were acquired through the reinvestment of
distributions. The contingent deferred sales charge will then be waived on
additional shares being redeemed as long asthe annual withdrawal amount does
not exceed 12% of the account value on the date the plan was established or
modified. If the annual amount to be withdrawn exceeds 12% of the account
value as of the date the plan was established or modified, there is no
contingent deferred sales charge waiver on any portion of the withdrawal.
The following supplements the information that appears in the section of the
Prospectus entitled "Contingent Deferred Sales Charge" under the heading
"Buying Shares":
The following waiver of the contingent deferred sales charge on Class B
Shares is in addition to those already described in the Prospectus. The CDSC
is waived on redemptions from an account if the redemption results from the
death of all registered owners of the account (in the case of accounts
established under the Uniform Gift to Minors or Uniform Transfers to Minors
Acts or trust accounts, the waiver applies upon the death of all beneficial
owners) or a total and permanent disability (as defined in Section 72 of the
Internal Revenue Code) of all registered owners occurring after the purchase of
the shares being redeemed.
