NORTHSTAR FUNDS
Prospectus Supplement dated May 21, 1998
to Prospectus dated March 1, 1998
The disclosure on pages 6, 24 and 25 of the Prospectus is hereby amended to
reflect that:
Effective July 1, 1998, the Northstar Special Fund's manager will be Mary
Lisanti, Executive Vice President and Chief Investment Officer-Equities of
Northstar Investment Management Corporation. Effective that same day Navellier
Fund Management, Inc. will no longer serve as sub-adviser. Northstar Investment
Management Corporation will remain the Fund's adviser.
Ms. Lisanti has over 20 years of experience in small and mid-cap investments.
Before joining Northstar, Ms. Lisanti was a Portfolio Manager at Strong Capital
Management where she managed the Strong Small Cap Fund and co-managed the Strong
Mid-Cap Fund. From 1993 to 1996, Ms. Lisanti was a Managing Director and head of
Small and Mid-Capitalization Equity Strategies at Bankers Trust Corp. where she
managed the BT Small Cap Fund. Prior to Bankers Trust, Ms Lisanti was a
Portfolio Manager with the Evergreen Funds. She began her career as an analyst
specializing in emerging growth stocks with Donaldson, Lufkin & Jenrette and
Shearson Lehman Hutton, was ranked the number one INSTITUTIONAL INVESTOR
emerging growth stock analyst in 1989 and was named to that survey two other
times.
Ms. Lisanti earned a BA with honors from Princeton University. She is a
Chartered Financial Analyst.
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THIS SUPPLEMENT SUPERSEDES ALL PRECEDING SUPPLEMENTS.
