NEWPORT TIGER CUB fund
Supplement to Prospectus dated November 30, 1998
Effective August 4, 1999, Newport Tiger Cub Fund will be closed to new investors
and subsequent investments including exchange purchases, additional purchases by
existing shareholders and reinvestment of distributions.
Distributions that are currently being reinvested into additional shares of the
Fund will be distributed in cash and the check will be mailed to the
shareholders address of record.
May 18, 1999
<PAGE>
NEWPORT TIGER CUB fund
Class Z Shares
Supplement to Prospectus dated November 30, 1998
Effective August 4, 1999, Newport Tiger Cub Fund will be closed to new investors
and subsequent investments including exchange purchases, additional purchases by
existing shareholders and reinvestment of distributions.
Distributions that are currently being reinvested into additional shares of the
Fund will be distributed in cash and the check will be mailed to the
shareholders address of record.
May 18, 1999