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(LOGO)WESTCORE TRUST
WESTCORE TRUST
WESTCORE GROWTH AND INCOME FUND
Supplement dated February 28, 1997 to the prospectus dated October 1,
1996. The following information is to be inserted after the material under
the caption "Appendix-Rating Categories" on page A-1 of the prospectus.
PRIOR PERFORMANCE OF INVESTMENT ADVISER
On January 1, 1996, the name of Westcore's "Equity Income Fund" was changed
to "Growth and Income Fund." The name change reflected a change to a growth
and income investment objective and changes to investment policies of the
Fund. As further described below, this section provides performance
information for an account managed by the Investment Adviser with growth and
income objective and policies, prior to the date that such policy and
objectives were implemented for the Westcore Growth and Income Fund.
The following table sets forth historical performance data of the
Investment Adviser for the only actual discretionary account managed by the
Investment Adviser during the periods indicated, that had investment
objectives, policies, strategies and risks substantially similar to those of
the Westcore Growth and Income Fund. For the periods prior to October 1,
1995, the performance reflects that of a non-fee paying commingled account.
For the three-month period ended December 31, 1995, performance reflects that
of an account which is a mutual fund. The performance has been restated to
reflect certain expenses, as set forth in footnote 2 to the table.
The data is provided to illustrate the past performance of the Investment
Adviser in managing a substantially similar account as measured against a
specified market index and does not represent the performance of the Westcore
Growth and Income Fund. Investors should not consider this performance data
as an indication of future performance of the Westcore Growth and Income Fund
or of the Investment Adviser. Share prices and investment returns will
fluctuate reflecting market conditions, as well as changes in company-
specific fundamentals of portfolio securities.
All returns presented were calculated on a total return basis and include
all dividends and interest, accrued income and realized and unrealized gains and
losses. All returns reflect the deduction of custodial fees, if any, and
brokerage commissions and execution costs paid by the account, without
provision for federal or state income taxes. Securities transactions are
accounted for on the trade date and accrual accounting is utilized. Cash and
equivalents are included in performance returns. The monthly returns of the
account are calculated on a time-weighted rate of return that is revalued
whenever cash flows exceed $500. Quarterly and yearly returns are calculated
by geometrically linking the monthly and quarterly returns, respectively. No
leverage was used in the account. The return of the mutual fund for the
three months ended December 31, 1995 has been calculated by the mutual fund.
The use of a different methodology to calculate performance could result in
different performance data. The performance presentation is not audited.
The commingled account whose performance is reflected on back was not
subject to the same types of expenses to which the Westcore Growth and Income
Fund is subject nor to the diversification requirements, specific tax
restrictions and investment limitations imposed on the Westcore Growth and
Income Fund by the Investment Company Act or Subchapter M of the Internal
Revenue Code. Consequently, the performance results for the commingled account
could have been adversely affected if the account had been regulated as an
investment company under the federal securities laws.
The Investment Adviser's advisory fee schedule for growth and income
investing is .65% of assets. Additional information concerning fees charged
for investment services offered by the Investment Adviser is contained in
Part II of the Investment Adviser's Form ADV which is on file with the
Securities and Exchange Commission and is available upon request.
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(LOGO)WESTCORE TRUST
INVESTMENT ADVISER'S
GROWTH AND INCOME PERFORMANCE
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ASSETS INCLUDED
IN ADVISER'S INVESTMENT
INVESTMENT GROWTH AND ADVISER'S
ADVISER'S INCOME TOTAL ASSETS STANDARD &
GROWTH AND INCOME PERFORMANCE(3) UNDER MANAGEMENT(4) POOR'S
YEAR(1) PERFORMANCE(2) ($ THOUSANDS) ($ THOUSANDS) 500 INDEX(5)
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<S> <C> <C> <C> <C>
1986 17.97% $68,227 $2,514,300 18.64%
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1987 (0.92)% $57,193 $3,700,500 5.28%
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1988 9.79% $49,750 $4,269,900 16.55%
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1989 25.32% $49,554 $4,876,900 31.61%
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1990 (3.81)% $42,455 $4,171,400 (3.05)%
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1991 42.33% $58,368 $5,566,100 30.46%
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1992 11.97% $63,106 $6,282,100 7.63%
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1993 16.45% $72,620 $7,527,043 10.08%
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1994 (4.22)% $69,021 $8,242,854 1.32%
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1995 29.95% $25,125 $9,546,291 37.58%
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Compounded Annual
Return For 5 Years
Ended 1995 18.23% -- -- 16.59%
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Compounded Annual
Return For 10 Years
Ended 1995 13.58% -- -- 14.87%
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(1) All periods are ended December 31.
(2) Annual total return is presented for each year and compounded
annual return is presented for each period, net of expenses.
The performance has been restated to reflect a total expense
ratio of 1.15%, which is the expense ratio that the Westcore
Growth and Income Fund is expected to incur during the
current fiscal year and which reflects a management fee of
.65% of net assets. That expense ratio reflects voluntary
fee waivers and/or expense reimbursements by the
administrators of the Westcore Growth and Income Fund. These
waivers and/or reimbursements may be modified or terminated
at any time.
(3) Assets whose performance is reflected in the Investment
Adviser's growth and income performance at December 31.
(4) Assets under management of the Investment Adviser at December 31.
(5) Annual total return is presented for each year and compounded
annual return is presented for each period. The S&P 500
Index is an unmanaged index containing common stocks of 500
industrial, transportation, utility and financial companies,
regarded as generally representative of the U.S. stock
market. The Index reflects the investment of income
dividends and capital gain distributions, if any, but does
not reflect fees, brokerage commissions, or other expenses of
investing.
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