August 1, 1999
COUNTRYWIDE STRATEGIC TRUST
GROWTH/VALUE FUND AND AGGRESSIVE GROWTH FUND
SUPPLEMENT TO PROSPECTUS DATED AUGUST 1, 1999
During the period from August 1, 1999 until September 30, 1999, the
Trust's principal underwriter, Countrywide Investments, Inc. (the "Adviser") is
offering a special promotion to participating broker-dealers. During the
promotion, broker-dealers who open accounts in Class A shares of the
Growth/Value Fund and shares of the Aggressive Growth Fund will be paid an
additional reallowance by the Adviser. Therefore, the table of sales loads for
accounts opened after July 31, 1999 contained in the section entitled "How to
Purchase Shares" on page 15 of the Prospectus is revised as follows to be in
effect during the promotion:
Which Dealer
Percentage Equals this Reallowance
Deducted Percentage as Percentage
for Sales of Your Net of Offering
Amount of Investment Load Investment Price
- -------------------- --------- ----------- ------------
Less than $ 50,000 5.75% 6.10% 5.50%
$50,000 but less than $100,000 4.50 4.71 4.25
$100,000 but less than $250,000 3.50 3.63 3.25
$250,000 but less than $500,000 2.95 3.04 2.70
$500,000 but less than $1,000,000 2.25 2.30 2.00
$1,000,000 or more None None
<PAGE>
August 1, 1999
COUNTRYWIDE STRATEGIC TRUST
EQUITY FUND AND UTILITY FUND
SUPPLEMENT TO PROSPECTUS DATED AUGUST 1, 1999
During the period from August 1, 1999 until September 30, 1999, the
Trust's principal underwriter, Countrywide Investments, Inc. (the "Adviser") is
offering a special promotion to participating broker-dealers. During the
promotion, broker-dealers who open accounts in Class A shares of the Funds will
be paid an additional reallowance by the Adviser. Therefore, the table of sales
loads for accounts opened after July 31, 1999 contained in the section entitled
"How to Purchase Shares" on page 15 of the Prospectus is revised as follows to
be in effect during the promotion:
Which Dealer
Percentage Equals this Reallowance
Deducted Percentage as Percentage
for Sales of Your Net of Offering
Amount of Investment Load Investment Price
- -------------------- --------- ----------- ------------
Less than $ 50,000 5.75% 6.10% 5.50%
$50,000 but less than $100,000 4.50 4.71 4.25
$100,000 but less than $250,000 3.50 3.63 3.25
$250,000 but less than $500,000 2.95 3.04 2.70
$500,000 but less than $1,000,000 2.25 2.30 2.00
$1,000,000 or more None None
