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Supplement dated July 1, 1998 to the May 1, 1998 Prospectuses for Class A, B
and C shares of New England Growth Opportunities Fund and
New England Strategic Income Fund
The following information supplements the section in the Prospectuses captioned
"Buying Fund Shares - Sales Charges"
For the period from July 1, 1998 and September 30, 1998, the Distributor may
reallow to participating investment dealers 100% of the sales charge on sales of
Growth Opportunities Fund's and Strategic Income Fund's Class A shares on which
a sales commission is paid. During this period, the Distributor may pay
participating investment dealers an additional commission of 0.50% on sales of
such Fund's Class B shares and on sales of $1,000,000 or more of such Funds'
Class A shares, and an additional 0.25% on sales of such Funds' Class C shares.
For the purpose of the foregoing, "sales" do not include exchanges made at net
asset value from another New England Fund.
SP74-0698
