SUPPLEMENT TO THE PROSPECTUSES
AND STATEMENTS OF
ADDITIONAL INFORMATION OF
KEYSTONE DIVERSIFIED BOND FUND (B-2)
KEYSTONE SMALL COMPANY GROWTH FUND (S-4)
(EACH A "FUND")
The prospectus and statement of additional information of each of the
above-referenced Funds are hereby supplemented as follows:
Beginning November 1, 1996 through December 10, 1996 (the "Offering
Period"), Keystone Investment Distributors Company will reallow to
broker-dealers or others a commission equal to 5% of the price paid for each
Fund share sold during the Offering Period, as described in each Fund's
prospectus.
Such payments will be made to those broker-dealers and others selling
such shares who pay their registered representatives making such sales a portion
of the additional amount payable under this special offer, determined in
accordance with their regular payment arrangements with such persons for sales
not made under a special dealer offer.
October 31, 1996
