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HERITAGE CAPITAL APPRECIATION TRUST
Supplement dated February 29, 1996 to the
Statement of Additional Information dated January 2, 1996
The following should be added after the first paragraph under
"Investment Limitations" on page 7:
Diversification. The Trust may not invest more than 5% of its
total assets (valued at market value) in securities of any one issuer
other than the U.S. Government or its agencies and instrumentalities, or
buy more than 10% of the voting securities or more than 10% of all the
securities of any one issuer.
Borrowing Money. The Trust may not borrow money except from
banks and only if at the time of such borrowings the total loans to the
Trust do not exceed 5% of the Trust's total assets, and such borrowings
can only be made as a temporary measure for extraordinary or emergency
purposes.
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