THE LUTHERAN BROTHERHOOD FAMILY OF FUNDS
Supplement to Prospectus Dated
December 30, 1998
Relating to Lutheran Brotherhood Income Fund
Effective September 1, 1999, Charles E. Heeren will assume
responsibilities as Head of Equity Management for Lutheran Brotherhood
Research Corp. and will no longer be serving as portfolio co-manager of
Lutheran Brotherhood Income Fund. Michael G. Landreville, who has been
serving with Mr. Heeren as portfolio co-manager of Lutheran Brotherhood
Income Fund, will become portfolio manager of Lutheran Brotherhood Income
Fund. Mr. Landreville, an assistant vice president of Lutheran Brotherhood
Research Corp, has served as the Fund's co-manager since early 1998, and has
worked in the bond department since 1983. Mr. Landreville is a Chartered
Financial Analyst and a Certified Public Accountant.
September 1, 1999
PLEASE INCLUDE THIS SUPPLEMENT WITH YOUR PROSPECTUS
