JULY 9, 1999
STRATEGIC INCOME FUND
SUPPLEMENT TO THE PROSPECTUS
The following revises the portfolio manager information under
Management of the Fund in the Prospectus:
Beginning July 6, 1999, Christopher A. Moth and Joanna Bates,
each Senior Portfolio Managers of Delaware International Advisers
Ltd. ("Delaware International"), have primary responsibility for
making day-to-day investment decisions for Strategic Income Fund
regarding its investments in foreign securities.
Mr. Moth is a graduate of The City University London. He joined
Delaware International in 1992. He previously worked at the
Guardian Royal Exchange in an actuarial capacity where he was
responsible for technical analysis, quantitative models and
projections. Mr. Moth has been awarded the certificate in
Finance and Investment from the Institute of Actuaries in London.
Ms. Bates is a graduate of London University. She joined the
Fixed Income team at Delaware International in June 1997. Prior
to that she was Associate Director, Fixed Interest at Hill Samuel
Investment Management which she joined in 1990. She had
previously worked at Fidelity International and Save & Prosper as
fund manager and analyst for global bond markets. Ms. Bates is
an associate of the Institute of Investment Management and
Research.
In making investment decisions for the Fund, Mr. Moth and Ms.
Bates regularly consult with David G. Tilles, Managing Director
and Chief Investment Officer of Delaware International as well as
four global fixed-income team members. Mr. Tilles was educated
at the Sorbonne, Warwick University and Heidelberg University.
Prior to joining Delaware International in 1990 as Managing
Director and Chief Investment Officer, he spent 16 years with
Hill Samuel Investment Management Group in London, serving in a
number of investment capacities. His most recent position prior
to joining Delaware International was Chief Investment Officer of
Hill Samuel Investment Management Ltd.
