May 1, 1998
Aggressive Growth Fund/Growth Stock Fund
Trend Fund
DelCap Fund
Small Cap Value Fund
Blue Chip Fund/Social Awareness Fund
Decatur Income Fund/Decatur Total Return Fund
REIT Fund
Delaware Fund/Devon Fund
International Equity Fund
Emerging Markets Fund/Global Assets Fund/Global Bond Fund
Delchester Fund
Strategic Income Fund
U.S. Government Fund
Limited Term Government Fund
Income Portfolio/Balanced Portfolio/Growth Portfolio
Class A Shares/Class B Shares/Class C Shares
Supplement to the current prospectuses for the above
referenced funds
The following supplements the section Front-End Sales Charge
Class A Shares under Classes of Shares:
Any financial adviser participating in the SelectSolutions
Retirement Plan incentive program who completes and files a
SelectSolutions Retirement Plan Application between April 1, 1998
and September 30, 1998 that involves the sale of Class A shares
at net asset value may be paid an additional dealers commission
of up to 1% (subject to incremental decreases) by the Distributor
on sales made during the first six months after the start-up date
of the Plan in accordance with the terms of the incentive
program.
The following supplements the section Contingent Deferred
Sales Charge for Certain Redemptions of Class A Shares Purchased at Net
Asset Value under Redemption and Exchange:
A contingent deferred sales charge of 1% will be imposed on
redemptions of Class A Shares (or shares into which such Class A
Shares are exchanged) purchased in connection with the
SelectSolutions Retirement Plan incentive program, if the
redemption is made within 12 months of when a dealer commission
was paid to the financial adviser through whom such purchase was
effected in connection with the incentive program. The
contingent deferred sales charge will be paid to the Distributor
and will be calculated in the same manner as a Limited CDSC.
This contingent deferred sales charge is in addition to any
Limited CDSC that may also be imposed on such redemptions.
