NEWPORT TIGER CUB FUND
Class A, B and C Shares
Supplement to Prospectus dated November 30, 1998
(Replacing Supplement dated June 7, 1999)
Pursuant to approval of the Board of Trustees, shareholders of Newport Tiger Cub
Fund (Fund) will consider a proposal to merge the Fund with Newport Asia Pacific
Fund at a special meeting scheduled for September 9, 1999.
Beginning on August 6, 1999, the Fund will be closed to new investors
and subsequent investments including exchange purchases and additional purchases
by existing shareholders.
JO-43/200H-0599 June 7, 1999
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NEWPORT TIGER CUB FUND
Class Z Shares
Supplement to Prospectus dated November 30, 1998
(Replacing Supplement dated June 7, 1999)
Pursuant to approval of the Board of Trustees, shareholders of Newport Tiger Cub
Fund (Fund) will consider a proposal to merge the Fund with Newport Asia Pacific
Fund at a special meeting scheduled for September 9, 1999.
Beginning on August 6, 1999, the Fund will be closed to new investors
and subsequent investments including exchange purchases and additional purchases
by existing shareholders.
JO-43/203H-0599 June 7, 1999
