The Wright Managed Income Trust
Supplement to
Combined Prospectus of
Wright U.S. Treasury Fund
Wright U.S. Government Near Term Fund
Wright Total Return Bond Fund
Wright Current Income Fund
dated May 1, 1998
Effective as of the date of this supplement -
1. The name of Wright U.S. Treasury Near Term Fund (the "Fund") is changed to
Wright U.S. Government Near Term Fund.
2. The disclosure as to the Fund's Investment Objective and Policies on page
3 and 4 of the Prospectus is revised to read as follows:
Wright U.S. Government Near Term Fund (WNTB). This Fund seeks to achieve its
investment objective by investing substantially all of its assets in a
corresponding Portfolio that has the same investment objective as the Fund. U.S.
Government Near Term Portfolio("USGNTP")invests in U.S. Government obligations
with an average weighted maturity of less than five years. This Fund is designed
to appeal to the investor seeking a high level of income that is normally
somewhat less variable and normally somewhat higher than that available from
short-term U.S. Government money market securities and who is also seeking to
limit fluctuation of capital (i.e., compared with longer term U.S. Government
securities). The U.S. Government securities in which the Portfolio may invest
include direct obligations of the U.S. Government, such as bills, notes and
bonds issued by the U.S. Treasury; obligations of U.S. Government agencies and
instrumentalities secured by the full faith and credit of the U.S. Treasury,
such as securities, including pass-through securities, of the Government
National Mortgage Association (GNMA) or the Export-Import Bank; obligations
secured by the right to borrow from the U.S. Treasury, such as securities issued
by the Federal Financing Bank or the Student Loan Marketing Association; and
obligations backed only by the credit of the government agency itself, such as
securities of the Federal Home Loan Bank, the Federal National Mortgage
Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC).
The Portfolio may enter into repurchase agreements with respect to any
securities in which it may invest.
July 1, 1998
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THE WRIGHT MANAGED INCOME TRUST
Supplement to
Combined Statement of Additional Information of
Wright U.S. Treasury Fund
Wright U.S. Government Near Term Fund
Wright Total Return Bond Fund
Wright Current Income Fund
dated May 1, 1998
Effective as of the date of this supplement, the name of Wright U.S.
Treasury Near Term Fund is changed to Wright U.S. Government Near Term Fund
("WNTB").
July 1, 1998
