THE LUTHERAN BROTHERHOOD FAMILY OF FUNDS
Supplement to Prospectus Dated
December 30, 1997
Relating to the Lutheran Brotherhood Opportunity Growth Fund
At a meeting of the board of trustees of The Lutheran Brotherhood Family of
Funds (the "Trust") on March 5-6, 1998, the trustees of the Trust
unanimously approved a proposed new investment sub-advisory agreement
between the Trust, Lutheran Brotherhood Research Corp. ("LB Research"), and
T. Rowe Price Associates, Inc. ("T. Rowe Price"). Under the proposed
agreement T. Rowe Price would serve as investment sub-adviser for the
Lutheran Brotherhood Opportunity Growth Fund (the "Fund"). The proposed
sub-advisory agreement remains subject to approval by the Fund's
shareholders. A special meeting of shareholders of the Fund has been
scheduled for May 6, 1998 to consider and to vote upon the proposed sub-
advisory agreement.
Until the proposed sub-advisory agreement is approved by shareholders or a
new portfolio manager is retained, LB Research is using an investment
advisory group to manage the Fund. The members of the advisory group are
listed below.
Rolf F. Bjelland, Chairman and President of the Trust, Director and
President of LB Research, and Executive Vice President of Lutheran
Brotherhood. Mr. Bjelland has been with LB Research and Lutheran
Brotherhood since 1983 and serves on the investment advisory group for the
Opportunity Growth Portfolio of the LB Series Fund, Inc.
Harold R. Goldstein, Associate Portfolio Manager of LB Research. Mr.
Goldstein has been with LB Research and Lutheran Brotherhood since 1993,
previously serving as a securities analyst and equities research manager.
He is the Associate Portfolio Manager of the Lutheran Brotherhood Fund and
serves on the investment advisory group for the Opportunity Growth Portfolio
of the LB Series Fund, Inc.
Brian L. Thorkelson, Assistant Vice President of LB Research. Mr.
Thorkelson has been with LB Research and Lutheran Brotherhood since 1989,
previously serving as a securities analyst and portfolio manager. He is the
Portfolio Manager of the Lutheran Brotherhood Mid Cap Growth Fund and the
Mid Cap Growth Portfolio of LB Series Fund, Inc., and serves on the
investment advisory group for the Opportunity Growth Portfolio of the LB
Series Fund, Inc.
Scott A. Vergin, Assistant Vice President of LB Research. Mr. Vergin has
been with LB Research and Lutheran Brotherhood since 1984, previously
serving as a securities analyst and portfolio manager. He is the Portfolio
Manager of the Growth Portfolio of LB Series Fund, Inc. and serves on the
investment advisory group for the Opportunity Growth Portfolio of the LB
Series Fund, Inc.
James. M. Walline, Vice President of LB Research and Vice President of the
Trust. Mr. Walline has been with LB Research since its inception and
Lutheran Brotherhood since 1968, previously serving as a securities analyst
and portfolio manager. He is Portfolio Manager of the Lutheran Brotherhood
Fund and serves on the investment advisory group for the Opportunity Growth
Portfolio of the LB Series Fund, Inc.
March 24, 1998
PLEASE INCLUDE THIS SUPPLEMENT WITH YOUR PROSPECTUS
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