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