SUPPLEMENT DATED MARCH 31, 1998
TO THE PROSPECTUS DATED MAY 1, 1997 OF
WEISS, PECK & GREER, L.L.C.
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
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WPG GOVERNMENT SECURITIES FUND
Effective January 20, 1998, the WPG Government Securities Fund was renamed the
"WPG Core Bond Fund" and is no longer offered pursuant to the attached
Prospectus. To receive a copy of the WPG Core Bond Fund's prospectus, please
call 1-800-223-3332. Please read the prospectus carefully before investing.
WPG TUDOR FUND AND WPG GROWTH FUND
The following disclosure replaces the description of the portfolio managers of
WPG Tudor Fund and WPG Growth Fund on page 27 of the attached Prospectus:
The portfolio manager for the WPG Tudor Fund and the WPG Growth Fund is
Adam Starr. Mr. Starr, who has 20 years of investment experience, is
responsible for the day-to-day management of these Funds' portfolio
investments. Mr. Starr has been a managing director and research
analyst for the Large Cap Growth and Small Cap Growth Divisions of WPG
since 1996. Mr. Starr was an analyst and portfolio manager for the
Farber Fund from 1993 to 1996. Prior to 1993, Mr. Starr was a portfolio
manager and research analyst with Charter Oak Partners, and a managing
director in the Research Department at First Manhattan Company.
WEISS, PECK & GREER INTERNATIONAL FUND
Hill Samuel Asset Management ("HSAM"), 10 Fleet Place, London England, serves as
the investment subadviser to the Weiss, Peck & Greer International Fund. HSAM is
a wholly-owned indirect subsidiary of Lloyds TSB Group plc, London, England.
References in the Prospectus to Hill Samuel Investment Management and HSIM are
hereby replaced with Hill Samuel Asset Management and HSAM, respectively.
The following disclosure replaces the description of the portfolio manager of
Weiss, Peck & Greer International Fund on page 27 of the Prospectus:
The portfolio manager for the Weiss, Peck & Greer International Fund is
Andrew November. Mr. November has been a fund manager at HSAM since
1996, most recently on HSAM's Global Strategy Team. Prior thereto, Mr.
November was a fund manager for emerging market countries at Lazard
Brothers (1994-96) and a fund manager for Far East and Latin America
countries at Confederation Life (1990-94).
WPG TAX FREE MONEY MARKET FUND AND WPG INTERMEDIATE MUNICIPAL BOND FUND
The following disclosure revise the description of the portfolio managers of WPG
Tax Free Money Market Fund and WPG Intermediate Municipal Bond Fund on page 27
of the Prospectus:
Arthur L. Schwarz has retired as a principal of WPG and as a
co-portfolio manager of the WPG Tax Free Money Market Fund and WPG
Intermediate Municipal Bond Fund effective March 31, 1998. Janet A.
Fiorenza will continue to serve as the portfolio manager of the WPG Tax
Free Money Market Fund and S. Blake Miller will continue to serve as
the portfolio manager of the WPG Intermediate Municipal Bond Fund.
