SUPPLEMENT TO
DELTA MICRO CAP GROWTH FUND
Prospectus Dated July 7, 1997
SPECIAL OFFERING PERIOD: Investors may purchase shares of Delta Micro Cap
Growth Fund (the "Fund") without incurring any initial sales load by subscribing
for the purchase during the period October 1 through October 31, 1997. To
arrange for the subscription and purchase, contact the Fund at 1-888-295-8330.
Shares purchased during this period will be subject to the Fund's $1,000 minimum
initial investment requirement ($250 for tax-deferred retirement plans) and will
carry the same rights and privileges as shares purchased prior and subsequent to
this period.
This Supplement and Prospectus dated July 7, 1997 provide the information a
prospective investor ought to know before investing and should be retained for
future reference. A Statement of Additional Information has been filed with the
Securities and Exchange Commission (the "SEC") dated July 7, 1997, which is
incorporated herein by reference and can be obtained without charge by calling
the underwriter at the phone number listed above.
Dated: September 23, 1997
