June 7, 2000
LEXINGTON WORLDWIDE EMERGING MARKETS FUND, INC.
SUPPLEMENT TO
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 2000
On June 7, 2000, Lexington Management Corporation ("LMC"), the
Fund's investment adviser, assumed sole responsibilty for
investment management of the Fund. Sratos Advisors, Inc. no
longer provides portfolio management services to the Fund as
sub-adviser. LMC's portfolio management team for the Fund consists
of Richard T. Saler and Philip A. Schwartz.
Richard T. Saler. Mr. Saler is Senior Vice President, Director
of International Investment Strategy of LMC. Mr. Saler is
responsible for international investment analysis and portfolio
management at LMC. He has fourteen years of investment
experience. Mr. Saler has focused on international markets since
first joining LMC in 1986. In 1991 he was a strategist with
Nomura Securities and rejoined LMC in 1992. Mr. Saler graduated
from New York University with a B.S. Degree in Marketing and from
New York University's Graduate School of Business Administration
with an M.B.A. in Finance.
Philip A. Schwartz, CFA. Mr. Schwartz is a Vice President at
LMC, a Chartered Financial Analyst and a member of the New York
Society of Security Analysts. He is responsible for
international investment analysis and portfolio management at
LMC, and has thirteen years of investment experience. Prior to
joining LMC in 1993, Mr. Schwartz was Vice President of European
Research Sales with Cheuvreux De Virieu in Paris and New York,
serving the institutional market. Prior to Cheuvreux, he was
affiliated with Olde and Co. and Kidder, Peabody as a
stockbroker. Mr. Schwartz earned his B.A. and M.A. Degrees from
Boston University.
