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NORTHSTAR ADVANTAGE SPECIAL FUND
Prospectus Supplement dated
December 19, 1995 to Prospectus
dated November 1, 1995
At a Meeting held on December 1, 1995, the Trustees of the Northstar
Advantage Special Fund approved, subject to approval by the shareholders of
the Fund, a subadvisory agreement (the "Agreement") between Northstar
Investment Management Corporation, the Fund's investment adviser (the
"Adviser"), and Navellier Fund Management, Inc. ("Navellier").
Shareholders of record as of December 11, 1995 will be asked to
approve the Agreement at a meeting to be held on January 30, 1996. If
approved by shareholders, the Agreement will become effective on or around
February 1, 1996. Pursuant to the Agreement, Navellier will assume
responsibility for the day to day investment management of the Fund, subject
to the supervision of the Adviser and the Trustees of the Fund. Navellier
currently manages equity investments of approximately $1.2 billion for
individuals, institutions and a Navellier-sponsored mutual fund. All fees and
expenses related to the subadvisory arrangement will be borne by the Adviser.
