Please file this Prospectus Supplement with your records.
STRONG AMERICAN UTILITIES FUND
STRONG ASSET ALLOCATION FUND
STRONG BLUE CHIP 100 FUND
STRONG EQUITY INCOME FUND
STRONG GROWTH AND INCOME FUND
STRONG LIMITED RESOURCES FUND
STRONG TOTAL RETURN FUND
Supplement to the Prospectus dated March 1, 1998
The following information updates the performance table
found on page I-33 of the Prospectus under the heading
"Historical Performance Data of Reaves."
Subadvisor's
Equity
Time Period Composite S&P 500(1)
Average Annual Returns (as of
12/31/97)
1 Year 28.3% 33.4%
3 Year 23.9% 31.2%
5 Year 16.3% 20.3%
10 Year 15.3% 18.0%
15 Year 17.9% 17.4%
1/1/78 - 12/31/97(2) 17.7% 16.6%
Cumulative Returns
1/1/78 - 12/31/97(2) 2492.0% 2054.2%
(1) The S&P 500 Stock Index is an unmanaged index generally
representative of the U.S. stock market. The index does
not reflect investment management fees, brokerage commissions,
and other expenses associated with investing in equity securities.
(2) Reaves' Equity Composite began on January 1, 1978.
The date of this Prospectus Supplement is March 30, 1998.
