THE ENTERPRISE GROUP OF FUNDS, INC.
SUPPLEMENT PROSPECTUS DATED MAY 1, 1997
The following information supplements and
supersedes any contrary information in the
prospectus entitled "Summary of Fund Expenses"
and "Portfolio Managers".
The Management Fee for all International Growth
Portfolio classes is 0.85%.
The Portfolio Manager of the Growth and Income
Portfolio is Retirement System Investors Inc.
which is a subsidiary of Retirement Group Inc.
Its address is 317 Madison Ave., New York, New
York 10017. James P. Coughlin, President and
Chief Investment Officer, is responsible for the
day-to-day management of the Portfolio and has
more than 30 years experience in the investment
industry. Total assets under management for
Retirement System Investors Inc. is $558 million
as of December 31, 1996. The Management Fee is
0.75%, and the Portfolio Manager receives 40% of
that fee for assets under management up to
$100,000,000; 33% of that fee on the next
$100,000,000; and 27% for assets greater than
$200,000,000.
The Portfolio Manger of the Small Company Growth
Portfolio is Pilgrim Baxter & Associates, Ltd.
("Pilgrim Baxter"). Its offices are at 1255
Drummers Lane, Suite 300, Wayne, Pennsylvania
19087. Pilgrim Baxter is a wholly owned
subsidiary of United Asset Management, Inc. Gary
Pilgrim, Chief Investment Officer of the firm,
and Michael D. Jones, Portfolio Manager/Analyst,
are responsible for the day-today management of
the Portfolio and have more than 40 years
combined experience in the investment industry.
As of December 31, 1996, total assets under
management for all clients was $14.7 billion.
Usual investment minimum: $20 million. The
Management Fee is 1.00% and the Portfolio
Manager receives 65% of that fee for assets under management
up to $50 million; and 55% for assets under management for
the next $50 million; and 45% for assets thereafter.
July 21, 1997
