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SUPPLEMENT TO THE PROSPECTUS Prospectus dated August 1, 1998 Quantitative Group of Funds The following sentence replaces the third sentence under the subheading "Quantitative Growth and Income Fund" on page 10 of the Prospectus: Fixed-income securities, unless rated BBB or higher by Standard & Poor's Corporation or Baa by Moody's Investors Service, Inc., may have some speculative characteristics. 4/23/99
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