Supplement to
Combined Prospectus of
Wright Selected Blue Chip Equities Fund
Wright Major Blue Chip Equities Fund
Wright International Blue Chip Equities Fund
Wright U.S. Treasury Fund
Wright U.S. Government Near Term Fund
Wright Total Return Bond Fund
Wright Current Income Fund
Wright U.S. Treasury Money Market Fund
dated April 30, 1999
Wright Junior Blue Chip Equities Fund was terminated and liquidated effective
December 17, 1999.
Effective as of the date of this supplement, the above Prospectus is
revised as follows to reflect investment policy changes approved by the Trustees
of the funds on January 26, 2000:
1. The disclosure under the caption "Wright Investors' Service, Inc. and
the Approved Investment List" on page 1 of the Prospectus is revised by the
following disclosure:
"Using bottom-up fundamental analysis, Wright Investors' Service
systematically identifies those companies in the Worldscope(R) database that
meet minimum standards of prudence and thus are suitable for investment by
fiduciary investors. These companies are then subjected to extensive analysis
and evaluation to identify those which meet Wright's standards of investment
quality, or are leaders in their industry."
2. The disclosure relating to Wright Selected Blue Chip Equities Fund under
the caption "Principal Investment Strategies" on page 2 of the Prospectus is
revised by the following disclosure:
"The portfolio's investments are control weighted. Professional investment
personnel characterize the fund as a blend of growth and value. The portfolio is
managed to a benchmark, which is the Standard & Poor's Mid-Cap 400 Index(S&P
Mid-Cap 400)."
The second sentence of the paragraph following the Total Return chart on
page 3 is deleted.
3. The disclosure relating to Wright Major Blue Chip Equities Fund under
the caption "Principal Investment Strategies" on page 6 of the Prospectus is
revised by the following disclosure:
"The fund's portfolio is control weighted. The fund is managed to a
benchmark, which is the Standard & Poor's 500 Index (S&P 500)."
The second sentence of the paragraph following the Total Return chart on
page 7 is deleted.
4. The disclosure relating to Wright International Blue Chip Equities Fund
under the caption "Principal Investment Strategies" on page 8 of the Prospectus
is revised by the deletion of the following disclosure:
"The portfolio invests no more than 20% of its assets in any one country."
5. The disclosure relating to Wright U.S. Treasury Fund under the caption
"Principal Investment Strategies" on page 10 of the Prospectus is revised by the
following disclosure:
"The portfolio is managed to a benchmark, which is the Lehman U.S.
Treasury Bond Index"
6. The disclosure relating to Wright Total Return Bond Fund under the
caption "Principal Investment Strategies" on page 14 of the Prospectus is
revised by the following disclosure:
"The fund invests at least 65% of its total assets in U.S. government and
investment grade (rated "BBB" or higher) corporate debt securities. Generally,
the fund will sell an individual security if its rating is downgraded below
"BBB" by the major rating services such as Moody's or Standard and Poor's"
"The fund is managed to a benchmark, which is the Lehman U.S. Aggregate
Bond Index."
7. The disclosure relating to Wright Current Income Fund on page 16 of the
Prospectus is revised by the following disclosure:
Under the caption "Principal Investment Strategies" "The fund invests at
least 65% of its total assets in debt obligations issued or guaranteed by the
U.S. government or any of its agencies or backed only by the credit of a federal
agency such as the Federal Home Loan Bank, Fannie Mae (Federal National Mortgage
Association) and the Federal Home Loan Mortgage Corporation, and corporate debt
securities."
Under the caption "Principal Risks" The last sentence of the first
paragraph is revised as follows:
"Also, mortgage-related securities carry the following risks:"
8. The disclosure relating to Wright U.S. Treasury Money Market Fund
on page 18 of the Prospectus is revised by the following disclosure:
Under the caption "Principal Investment Strategies" "The fund may also
invest in repurchase agreements which are collateralized by U.S. Treasury
securities. The fund may enter into repurchase agreements only with large,
well-capitalized banks or government securities dealers that meet Wright credit
standards.
February 1, 2000
<PAGE>
Supplement to
Combined Statement of Additional Information of
Wright Selected Blue Chip Equities Fund
Wright Major Blue Chip Equities Fund
Wright International Blue Chip Equities Fund
Wright U.S. Treasury Fund
Wright U.S. Government Near Term Fund
Wright Total Return Bond Fund
Wright Current Income Fund
Wright U.S. Treasury Money Market Fund
dated April 30, 1999
Wright Junior Blue Chip Equities Fund was terminated and liquidated effective
December 17, 1999.
Effective as of the date of this supplement, the above Statement of
Additional Information ("SAI") is revised as follows to reflect investment
policy changes approved by the Trustees of the funds on January 26, 2000:
1. The disclosure under the caption " Approved Wright Investment List
(AWIL)" on page 2 of the SAI is revised by the following disclosure:
" These companies are then subjected to extensive analysis and evaluation
in order to identify those which meet Wright's standards of investment quality,
or are leaders in their industry."
2. The disclosure relating to Wright Selected Blue Chip Equities Fund on
page 2 of the SAI is revised by the following disclosure:
"Investments are control weighted. Professional investment personnel
characterize Wright Selected Blue Chip Equities Fund as a blend of growth and
value. The portfolio is managed to a benchmark, which is the Standard & Poor's
Mid-Cap 400 Index (S&P Mid-Cap 400)."
3. The disclosure relating to Wright Major Blue Chip Equities Fund on page
3 of the SAI is revised by the following disclosure:
"Investments in the fund's portfolio are control weighted in the selected
securities. The fund is managed to a benchmark, which is the Standard & Poor's
500 Index (S&P 500)."
4. The disclosure relating to The International Approved Wright Investment
List (International AWIL) on page 3 of the SAI is revised by the following
disclosure:
" These approximately 3800 companies are then subjected to extensive
analysis and evaluation in order to identify those which meet Wright's standards
of investment quality, or are leaders in their industry."
5. The disclosure relating to Wright U.S. Treasury Fund on page 4 of the
SAI is revised by the following disclosure:
"The portfolio is managed to a benchmark, which is the Lehman U.S.Treasury
Bond Index"
6. The disclosure relating to Wright Total Return Bond Fund on pages 4 and
5 of the SAI is revised by the following disclosure:
"The fund invests in bonds or other investment grade debt securities
selected by the Investment Adviser with a weighted average maturity that, in the
Investment Adviser's judgment, produces the best total return, i.e., the highest
total of ordinary income plus capital appreciation. Assets of this fund may be
invested in U.S. Government and agency obligations, certificates of deposit of
federally insured banks and corporate obligations rated at the date of
investment "BBB" or better (investment grade by Standard & Poor's Ratings Group
[S&P] or by Moody's Investors Service, Inc. ["Moody's"]), or if not rated by
such rating organizations, of comparable quality as determined by Wright
pursuant to guidelines established by the Trustees. In any case, they must also
meet Wright Quality Rating Standards. The fund will dispose of securities
downgraded below BBB. The fund is being managed to a benchmark, which is the
Lehman U.S. Aggregate Bond Index."
7. The disclosure relating to Wright U.S. Treasury Money Market Fund on
page 5 of the SAI is revised by the deletion of the following disclosure:
"However, at the present time, the Fund intends to invest only in U.S. Treasury
bills, notes and bonds and does not intend to invest in repurchase agreements."
February 1, 2000
