VOYAGEUR GROWTH AND INCOME FUND
VOYAGEUR GROWTH STOCK FUND
VOYAGEUR INTERNATIONAL EQUITY FUND
VOYAGEUR AGGRESSIVE GROWTH FUND
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SUPPLEMENT DATED SEPTEMBER 20, 1995 TO PROSPECTUS DATED SEPTEMBER 1, 1995
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The second sentence under the heading "Class A Shares -- Front End Sales
Charge Alternative -- Rule 12b-1 Fees" on page 18 of the Prospectus is amended
to read "All or a portion of such fees are paid quarterly to financial
institutions and service providers with respect to average daily net assets of a
Fund attributable to shares sold or serviced by such institutions or service
providers.
The third sentence under the heading "Class B Shares-- Contingent Deferred
Sales Charge Alternative" on page 19 of the Prospectus is amended to read
"Although Class B shares are sold without an initial sales charge, the
Underwriter pays broker-dealers a fee of 3% of the amount invested at the time
of initial purchase, and pays an ongoing annual servicing fee of .15% (paid
quarterly)."
The purpose of these changes is to clarify that the fees described herein
will begin to accrue at the time of purchase of shares.
