PLEASE FILE THIS STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT WITH YOUR
RECORDS.
STRONG COMMON STOCK FUND
STRONG DISCOVERY FUND
STRONG ENTERPRISE FUND
STRONG GROWTH FUND
STRONG GROWTH 20 FUND
STRONG MID CAP DISCIPLINED FUND
STRONG MID CAP GROWTH FUND
STRONG OPPORTUNITY FUND
STRONG SMALL CAP VALUE FUND
STRONG STRATEGIC GROWTH FUND
STRONG U.S. EMERGING GROWTH FUND
STRONG VALUE FUND
Supplement to the Statement of Additional Information dated May 1, 2000
STRONG SMALL CAP VALUE FUND
On May 5, 2000, the Board of Directors of the Fund, approved changes to the
Fund's non-fundamental investment policies and techniques. Therefore,
effective immediately, the information found on page 8 under the heading
"INVESTMENT POLICIES AND TECHNIQUES-Strong Small Cap Value Fund" is deleted and
replaced with the following:
- - The Fund will invest at least 70% of its net assets in equity securities,
including common stocks, preferred stocks, and securities that are
convertible into common or preferred stocks, such as warrants and convertible
bonds. At least 65% of the Fund's total assets will normally be invested in
equity securities of small market capitalization companies, which for the
purposes of this Fund, are those companies with a market capitalization
substantially similar to that of companies in the Russell 2500 Index at the
time of the Fund's investment. In general, smaller-capitalization companies
often involve greater risks than investments in established companies.
- - The Fund may invest up to 30% of its net assets in debt obligations,
including intermediate- to long-term corporate or U.S. government debt
securities. When the Advisor determines that market conditions warrant a
temporary defensive position, the Fund may invest without limitation in cash
and short-term fixed-income securities.
- - The Fund may invest up to 5% of its net assets in non-investment-grade debt
obligations.
- - The Fund may invest up to 25% of its net assets in foreign securities,
including both direct investments and investments made through depositary
receipts.
The date of this Statement of Additional Information Supplement is May 15,
2000.
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