THE LUTHERAN BROTHERHOOD FAMILY OF FUNDS
Supplement to Statement of Additional Information Dated December 28, 1995
Effective July 1, 1996, the section of the Statement of Additional
Information entitled "SALES CHARGES" is deleted and replaced by the
following:
SALES CHARGES
Initial purchases of Fund shares carry sales charges as explained in the
section of the Funds' prospectus entitled, "Sales Charges", which also lists
ways to reduce or avoid sales charges on subsequent purchases.
In addition to the situations described in the prospectus, sales charges are
waived when shares are purchased by:
* directors and regular full-time and regular part-time employees of
Lutheran Brotherhood and its subsidiaries;
* registered representatives of LB Securities; and
* any trust, pension, profit-sharing or other benefit plan for such
persons.
FULL-TIME EMPLOYEES
Regular full-time and regular part-time employees of Lutheran Brotherhood
and its subsidiaries are persons who are defined as such by the Lutheran
Brotherhood Human Resources Policy Manual.
RESTRICTION ON SALE OF SHARES PURCHASED
Sales to any of the persons or groups mentioned in this section are made
only with the purchaser's written promise that the shares will not be
resold, except through redemption or repurchase by or on behalf of a Fund.
July 1, 1996
PLEASE INCLUDE THIS SUPPLEMENT WITH YOUR
STATEMENT OF ADDITIONAL INFORMATION.
SC 530-1
