MACKENZIE SERIES TRUST
497, 1996-12-31
Previous: NATIONS FUND TRUST, 497, 1996-12-31
Next: WESTWOOD ONE INC /DE/, SC 13D/A, 1996-12-31



                                MACKENZIE SERIES TRUST

                        MACKENZIE LIMITED TERM MUNICIPAL FUND
                          MACKENZIE NATIONAL MUNICIPAL FUND
                         MACKENZIE CALIFORNIA MUNICIPAL FUND
                          MACKENZIE NEW YORK MUNICIPAL FUND

                           Supplement Dated January 1, 1997
                         to Prospectus Dated October 25, 1996

                                         ***

                           Mackenzie Series Trust officers:
                             Michael G. Landry, Chairman
                             Keith J. Carlson, President
                        C. William Ferris, Secretary/Treasurer

                                         ***

          The third and fourth sentence of the second paragraph
under           "Investment Manager" on page 12 are replaced
with:

               Gregory V. Taylor, presently serves in an advisory
capacity                to the Funds and as a consultant to MIMI. 
Mr. Taylor has 5                years of professional investment
experience.

                                         ***

                                      MACKENZIE
                              Via Mizner Financial Plaza
                              700 South Federal Highway
                              Boca Raton, Florida  33432
                                    1-800-456-5111

          <PAGE>































                                MACKENZIE SERIES TRUST

                        MACKENZIE LIMITED TERM MUNICIPAL FUND     
                     MACKENZIE NATIONAL MUNICIPAL FUND            
             MACKENZIE CALIFORNIA MUNICIPAL FUND                  
        MACKENZIE NEW YORK MUNICIPAL FUND

                           Supplement Dated January 1, 1997       
     to Statement of Additional Information Dated October 25,
1996

                                         ***

                           Mackenzie Series Trust Officers:       
                      Michael G. Landry, Chairman
                             Keith J. Carlson, President
                        C. William Ferris, Secretary/Treasurer

                                         ***

          The table that appears in the "Trustees and Officers"
section is           replaced in its entirety as follows:


                                   POSITION
                                   WITH THE       BUSINESS
AFFILIATIONS           NAME, ADDRESS, AGE       TRUST         
AND PRINCIPAL OCCUPATIONS                                    
          Michael G. Landry (50)   Trustee      President,
Chairman and           700 South Federal Hwy.   and         
Director of Mackenzie           Suite 300                Chairman 
   Investment Management Inc.           Boca Raton, FL  33432     
           (1987-present); President           [Deemed to be an   
                  and Director of Ivy           "interested
person" of                Management, Inc. (1992-          the
Trust, as defined                 present); Chairman and          
under the 1940 Act.]                  Director of Mackenzie Ivy   
                                             Investor Services
Corp.                                                 (1993-
present); Director                                                
and President of Mackenzie                                        
        Ivy Funds Distribution,                                   
             Inc. (1993-1994); Chairman                           
                     and Director of Mackenzie                    
                            Ivy Funds Distribution,               
                                 Inc. (1994-present);             
                                   Trustee of Ivy Fund (1992-     
                                          present); President of
Ivy                                                 Fund
(1992-1996); Chairman                                             
   of Ivy Fund (1996-present);                                    
            Director and President of                             
                   The Mackenzie Funds Inc.                       
                         (1987-1995).

          John S. Anderegg, Jr.    Trustee      Chairman,
Dynamics Research           (72)                                 
Corp. (instruments and           60 Concord Street                
    controls); Director, Burr-          Wilmington, MA  01887     
           Brown Corp. (operational











                                                amplifiers);
Director,                                                
Metritage Incorporated                                            
    (level measuring                                              
  instruments); Trustee of                                        
        Ivy Fund (1967-present).                                  
 
          Paul H. Broyhill (72)    Trustee      Chairman, BMC
Fund, Inc.           800 Hickory Blvd.                     (1983-
present); Chairman,           Golfview Park                       
 Broyhill Family Foundation,           Lenoir, NC  28645          
          Inc. (1983-present);                                    
            Chairman and President,                               
                 Broyhill Investments, Inc.                       
                         (1983-present); Chairman,                
                                Broyhill Timber Resources         
                                       (1983-present); Director
of                                                 The Mackenzie
Funds Inc.                                                
(1988-1995); Trustee of Ivy                                       
         Fund (1992-present);                                     
           Management of a personal                               
                 portfolio of fixed income                        
                        and equity investments                    
                            (1983-present).

          Stanley Channick (72)    Trustee      President, The
Whitestone           11 Bala Avenue                       
Corporation (insurance           Bala Cynwyd, PA  19004           
    agency); President, Scott                                     
           Management Company                                     
           (administrative services                               
                 for insurance companies);                        
                        President, The Channick                   
                             Group (consultants to                
                                insurance companies and           
                                     national trade               
                                 associations); Trustee of        
                                        Ivy Fund (1984-1993);     
                                           Director of The
Mackenzie                                                 Funds
Inc. (1994-1995).

          Frank W. DeFriece, Jr.   Trustee      Director of The
Mackenzie           (75)                                  Funds
Inc. (1987-1995);           322 Seventh Street                   
Trustee and Second Vice           Bristol, TN  37620-             
     Chairman, East Tennessee           2218                      
           Public Communications Corp.                            
                    (WSJK-TV) (1984-present);                     
                           Director, Manager and Vice             
                                   President, Massengill-         
                                      DeFriece Foundation         
                                       (charitable organization)  
                                              (1950-present);
Trustee of                                                 Ivy
Fund (1992-present).

          Roy J. Glauber (71)      Trustee      Mallinckrodt
Professor of                                                
Physics, Harvard University                                       
         (since 1974); Trustee of                                 
               Ivy Fund (1961-1991).











          Joseph G. Rosenthal      Trustee      Chartered
Accountant (1958-          (62)                                 
present); Director of The           110 Jardin Drive              
       Mackenzie Funds Inc. (1987-          Unit #12              
               1995); Trustee of Ivy Fund           Concord,
Ontario                      (1992-present).           Canada L4K
2T7


          J. Brendan Swan (66)     Trustee      President,
Airspray           4701 North Federal                   
International, Inc.; Joint           Hwy. #465                    
        Managing Director, Airspray           Pompano Beach, FL   
                 International B.V. (an           33064           
                     environmentally sensitive                    
                            packaging company); Trustee           
                                     of Ivy Fund (1992-present);  
                                              Director, The
Mackenzie                                                 Funds
Inc. (1992-1995).

          Keith J. Carlson (40)    Trustee      Senior Vice
President and           700 South Federal Hwy.   and         
Director of Mackenzie           Suite 300               
President    Investment Management, Inc.           Boca Raton, FL 
33432                 (1994-present); Senior Vice                 
                               President, Secretary and           
                                     Treasurer of Mackenzie       
                                         Investment Management
Inc.                                                 (1985-1994);
Senior Vice                                                
President and Director of                                         
       Ivy Management, Inc. (1994-                                
               present); Senior Vice                              
                  President, Treasurer and                        
                        Director of Ivy Management,               
                                 Inc. (1992-1994); Vice           
                                     President of The Mackenzie   
                                             Funds Inc.
(1987-1995);                                                
President and Director of                                         
       Mackenzie Ivy Investor                                     
           Services Corp. (1993-                                  
             present); President and                              
                  Director of Mackenzie Ivy                       
                         Funds Distribution, Inc.                 
                               (1994-present); Executive          
                                      Vice President and Director 
                                               of Mackenzie Ivy
Funds                                                
Distribution, Inc. (1993-                                         
      1994); Treasurer of Ivy                                     
           Fund (1992-1994); Vice                                 
               President of Ivy Fund                              
                  (1994-present).

          C. William Ferris (52)   Secretary/   Senior Vice
President,           700 South Federal Hwy.   Treasurer   
Secretary/Treasurer and           Suite 300                       
     Director of Mackenzie           Boca Raton,  FL 33432        
        Investment Management Inc.                                
                (1994-present); Senior Vice                       
                         President, Finance and











                                               
Administration/Compliance                                         
       Officer of Mackenzie                                       
         Investment Management Inc.                               
                 (1989-1994); Senior Vice                         
                       President,
                                               
Secretary/Treasurer and                                           
     Clerk of Ivy Management,                                     
           Inc. (1989-1994); Senior                               
                 Vice President,                                  
              Secretary/Treasurer of                              
                  Mackenzie Ivy Funds                             
                   Distribution, Inc. (1993-                      
                         1994); Secretary/Treasurer               
                                 and Director of Mackenzie        
                                        Ivy Investor Services
Corp.                                                
(1993-1994);                                                
Secretary/Treasurer and                                           
     Director of Mackenzie Ivy                                    
            Investor Services Corp.                               
                 (1993-present);                                  
              Secretary/Treasurer of The                          
                      Mackenzie Funds Inc. (1993-                 
                              1995); Secretary of Ivy             
                                   Fund (1993-1994);              
                                  Secretary/Treasurer of Ivy      
                                          Fund (1994-present).


                                         ***

                                      MACKENZIE
                              Via Mizner Financial Plaza
                              700 South Federal Highway
                              Boca Raton, Florida  33432
                                    1-800-456-5111


































© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission