THE NORTHSTAR FUNDS
Prospectus Supplement dated
May 1, 1997 to Prospectus dated
March 1, 1997
The following information supplements or replaces the information contained in
the section of the Funds' prospectus entitled "Northstar Government Securities
Fund: Investment Strategy":
Effective herewith, the language on page 20 of the Prospectus has been changed
to read as follows: "The portfolio manager selects U.S. Government Securities of
various terms depending on interest rates and market opportunities. This fund is
managed so it qualifies as an investment for federal credit unions."
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THIS SUPPLEMENT SUPERSEDES ALL PRECEDING SUPPLEMENTS.
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NORTHSTAR INVESTMENT MANAGEMENT CORPORATION
TWO PICKWICK PLAZA
GREENWICH, CONNECTICUT 06830
(203) 863-6216
Via EDGAR Transmission
May 5, 1997
Securities and Exchange Commission
450 Fifth Street
Washington, D.C. 20549
Re: Northstar Government Securities Fund-No. 33-848/811-4423
Gentlemen:
Transmitted herewith for filing pursuant to Rule 497(e) under the Securities Act
of 1933 is a supplement, dated May 1, 1997, to the combined Prospectus dated
March 1, 1997 for the above named registrant.
The supplement filed herewith serves to disclose a change to an investment
strategy for the Northstar Government Securities Fund.
Should you have any questions regarding this submission, please contact the
undersigned at (203) 863-6216.
Sincerely,
STEPHANIE L. BECKNER
Stephanie L. Beckner
cc: Distribution
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