BERGER GROWTH AND INCOME FUND
SUPPLEMENT DATED OCTOBER 23, 1997
to
PROSPECTUS DATED NOVEMBER 28, 1996
AS SUPPLEMENTED FEBRUARY 18, 1997, MARCH 31, 1997
AND OCTOBER 21, 1997
Berger Associates Vice President Shiela J. Ohlsson has been
appointed co-manager of the Berger Growth and Income Fund, joining
Patrick S. Adams, who has been co-managing the Fund since February
1997. Ms. Ohlsson succeeds former co-manager Mark R. McKinney.
Accordingly, page 18 of the Prospectus is amended to read as
follows: The third paragraph under "6. Management and Investment Advice" is
deleted in its entirety and replaced with the following:
"Patrick S. Adams, Senior Vice President of Berger
Associates, is the portfolio manager for the Berger 100 Fund. Mr.
Adams also co-manages the Berger Growth and Income Fund, along with
Berger Associates Vice President Shiela J. Ohlsson. The portfolio
managers are responsible for the investments of their Funds, including
the day-to-day investment decisions for these Funds. Mr. Adams is
also Executive Vice President of the Berger 100 Fund and the Berger
Growth and Income Fund."
In addition, the fifth paragraph under "6. Management and Investment
Advice" is deleted in its entirety and replaced with the following:
<PAGE>
"Ms. Ohlsson joined Berger Associates in 1991, where she currently
serves as Vice President and co-portfolio manager, along with Patrick Adams, for
the Berger Growth and Income Fund. Previously, Ms. Ohlsson served as Senior
Analyst/Portfolio Manager (February 1997 to October 1997) and Analyst (September
1991 to February 1997) with Berger Associates."
