March 15, 1996
Delaware Group of Funds
Supplement to Current
Prospectuses
TAX-FREE PENNSYLVANIA
FUND
A CLASS/B CLASS/C CLASS
TREND FUND
A CLASS/B CLASS/C CLASS
U.S. GOVERNMENT FUND
A CLASS/B CLASS/C CLASS
DELCHESTER FUND
A CLASS/B CLASS/ C CLASS
TAX-FREE USA FUND
TAX-FREE INSURED FUND
A CLASS/B CLASS/C CLASS
TAX-FREE USA INTERMEDIATE
FUND
A CLASS/B CLASS/C CLASS
DELCAP FUND
A CLASS/B CLASS/C CLASS
DELAWARE FUND
DEVON FUND
A CLASS/B CLASS/C CLASS
DECATUR INCOME FUND
DECATUR TOTAL RETURN FUND
A CLASS/B CLASS/C CLASS
VALUE FUND
A CLASS/B CLASS/C CLASS
INTERNATIONAL EQUITY FUND
GLOBAL ASSETS FUND
GLOBAL BOND FUND
A CLASS/B CLASS/C CLASS
LIMITED-TERM GOVERNMENT
FUND
A CLASS/B CLASS/C CLASS
The following supplements the information that
appears in the section of the Prospectus Buying
Shares (or How to Buy Shares section in the
prospectuses for the Decatur Funds and Limited-
Term Government Fund):
Until further notice, investors who held
shares in any class of any Delaware Group fund
as of December 1, 1995, may purchase Class A
Shares of any of the funds referenced above at
net asset value through the Delaware Group
Asset Planner service if such shares are being
purchased with proceeds from the redemption of
shares of a fund (other than a money market
fund) outside of the Delaware Group of Funds.
The Investment Application and check for such a
transaction should note that the investment is
being made under the NAV/Asset Planner
Accommodation Program.
In addition, beginning March 15, 1996, Class A
Shares of any of the funds referenced above,
except shares of tax-free funds, may be
purchased at net asset value in an Individual
Retirement Account (IRA) through the Delaware
Group Asset Planner service if the assets being
invested are being transferred from an existing
IRA held outside of the Delaware Group or are
part of a distribution received from an
employer-sponsored or other retirement plan.
Generally, there is a $35 annual maintenance fee
per strategy selected through the Asset Planner
Service. However, for all IRA accounts
established with the same Social Security number
under the Asset Planner Service, the annual
maintenance fee will be limited to $35
irrespective of the number of strategies selected.
For example, if a shareholder transfers regular
IRA assets and rollover assets from a qualified
plan into an IRA through the Delaware Group
Asset Planner Service and, to avoid
commingling, maintains more than one Strategy
registered under the same Social Security
number, only one $35 annual fee needs to be
paid.
Exchanges from existing Delaware Group
accounts into the Asset Planner service may be
made at net asset value under the circumstances
described under Investing by Exchange in the
Funds Prospectuses. Exchanges from existing,
non-retirement Delaware Group accounts into the
Asset Planner service require two business days
to be processed in order to minimize the
potential taxable events related to the transfer.
