HERITAGE EQUITY FUNDS
November 8, 2000
Supplement to Statement of Additional Information
Dated January 3, 2000
The Mid Cap Stock Fund of the Heritage Series Trust now may invest up
to 15% of its net assets in foreign securities. Accordingly, the reference to
the Fund's investment restriction regarding investments in foreign securities in
Appendix A is modified to reflect the Fund's new investment policy permitting it
to invest up to 15% of its net assets in foreign securities.
In addition, the following paragraph replaces the paragraph on page 20
under the "Industry Classifications" section of the Statement of Additional
Information:
For purposes of determining industry classifications,
each fund except Eagle International relies upon
classifications contained in the Directory of Companies
Filing Annual Reports with the Securities and Exchange
Commission, except with respect to investments in companies
that produce or manufacture semiconductors. Investments in
those companies will be classified as one of the following
four industry groups: logic semiconductors (semiconductors
that perform a processing or controlling function); analog
semiconductors (semiconductors that manipulate unprocessed
data, such as movement, temperature and sound); memory
semiconductors (semiconductors that hold programs and data);
and communications semiconductors (semiconductors used
primarily in the transmission, amplification and switching
of voice, data and video signals). Eagle International
relies on classifications determined by the Financial Times
Stock Exchange International.
