February 16, 1999
Limited-Term Government Fund
Supplement to the current Prospectus
The following replaces information under Mangement of the
Fund:
Paul A. Grillo and Stephen R. Cianci have assumed day-to-day
responsibilities for making investment desisions for the Fund.
Paul Grillo, Vice President/Portfolio Manager of the Fund,
holds a BA in Business Management from North Carolina State
University and an MBA in Finance from Pace University. Prior to
joining Delaware Investments in 1993, Mr. Grillo served as
mortgage strategist and trader at the Dreyfus Corporation. He
also served as a mortgage strategist and portfolio manager for
the Chemical Investment Group and as financial analyst at
Chemical Bank. Mr. Grillo is a CFA charterholder.
Stephen Cianci, Vice President/Portfolio Manager of the
Fund, holds a BS and an MBA in finance from Widener University.
He joined Delaware Investments in 1992 and assumed responsibility
for maintaining the Fixed Income Department s investment grade
analytical systems. These responsibilities included portfolio
analysis and the analysis of mortgage-backed and asset-backed
securities. Mr. Cianci is an Adjunct Professor of Finance at
Widener University and a CFA charterholder.
