WEISS, PECK & GREER FUNDS TRUST
One New York Plaza
New York, NY 10004
June 21, 1995
VIA ELECTRONIC TRANSMISSION
File Desk
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC 20549
Re: Weiss, Peck & Greer Funds Trust (the "Trust")
File Nos. 33-2261 and 811-4404
Account No. R0000777025
Ladies and Gentlemen:
Pursuant to Rule 497(e) and Rule 101 of Regulation S-T under
the Securities Act of 1933, attached for electronic filing please
find a supplement to the Trust's Prospectus dated April 28, 1995,
supplemented as of June 9, 1995 and tagged to reflect changes in the
text. The tags reflect changes made to the Trust's Prospectus
since the filing made pursuant to Rule 497(c) on May 2, 1995.
Please be advised that the Trust uses a combined Prospectus
relating to all the mutual funds in the Weiss, Peck & Greer Group
of Funds, each of which is filing contemporaneously herewith the
supplemented Prospectus.
If you have any questions concerning the foregoing or the
enclosures, please call Leonard A. Pierce, Esq. of Hale and Dorr,
counsel to the Trust, at (617) 526-6440.
Very truly yours,
/s/Gerald Murphy
Gerald Murphy
Vice President
Attachment(s)
cc: SEC Operations Center
Christopher P. Harvey, Esq.
Leonard A. Pierce, Esq.
(all w/ copy of submission)
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SUPPLEMENT TO THE PROSPECTUS OF
WEISS, PECK & GREER
MUTUAL FUNDS
WPG Government Money Market Fund
WPG Tax Free Money Market Fund
WPG Intermediate Municipal Bond Fund
WPG Government Securities Fund
WPG Growth and Income Fund
WPG Tudor Fund
Weiss, Peck & Greer International Fund
WPG Growth Fund
WPG Quantitative Equity Fund
Dated April 28, 1995
In addition to the investment practices described under the caption
"Investment
Program" on page 13 of the attached Prospectus, WPG Government Securities Fund
may enter into mortgage dollar rolls.
In a mortgage dollar roll, the Government Fund sells securities for delivery
in
the current month and simultaneously contracts with the same counterparty to
repurchase similar (same type, coupon and maturity), but not identical
securities on a specified future date. During the roll period, the Government
Fund will not receive principal and interest paid on the securities sold.
However, the Government Fund would benefit to the extent of any difference
between the price received for the securities sold and the lower forward
price
for the future purchase (often referred to as the "drop") or fee income plus
the interest on the cash proceeds of the securities sold until the settlement
date of the forward purchase. Unless such benefits exceed the income, capital
appreciation and gain or loss due to mortgage prepayments that would have been
realized on the securities sold as part of the mortgage dollar roll, the use
of
this technique will diminish the investment performance of the Government Fund
compared with what such performance would have been without the use of
mortgage
dollar rolls. The Government Fund will hold and maintain in a segregated
account until the settlement date cash or liquid, high grade debt securities
in an amount equal to the forward purchase price. Any benefits derived from
the
use of mortgage dollar rolls may depend upon mortgage prepayments assumptions,
which will be affected by changes in interest rates. There is no assurance
that
mortgage dollar rolls can be successfully employed.
Dated: June 9, 1995
