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PROSPECTUS SUPPLEMENT DATED NOVEMBER 8, 1995
TO PROSPECTUS DATED NOVEMBER 1, 1995
The paragraph entitled "Purchases at Net Asset Value" on page 40 of the
Prospectus is hereby supplemented with the following disclosure: Class A shares
of the Funds may be purchased at net asset value, through a dealer, where the
amount invested represents redemption proceeds from another open-end fund with
the same or similar investment objective, and PROVIDED the following conditions
are met: such redemption occurred no more than 60 days prior to the purchase of
shares of a Northstar Fund, the redeemed shares were held for at least six
months prior to redemption, and the proceeds of the redemption are sent directly
to Northstar or its agent, or maintained in cash or a money market fund. No
commissions will be paid to dealers in connection with such purchases.
