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DLJ MUTUAL FUNDS
SUPPLEMENT DATED DECEMBER 15, 2000 TO
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED AUGUST 1, 2000
Richard Lindquist has assumed the role of portfolio manager for the DLJ High
Income Fund (the 'Fund'). Mr. Lindquist is a Managing Director of Credit Suisse
Asset Management, LLC ('CSAM'), the investment adviser of the Fund, and heads
CSAM's high yield management team. Mr. Lindquist joined CSAM in 1995 as a result
of CSAM's acquisition of CS First Boston Investment Corp., which he joined in
1989. Previously, he managed high yield portfolios at Prudential Insurance
Company of America and a high yield mutual fund at T. Rowe Price Associates. Mr.
Lindquist will also be assuming the role of portfolio manager for our closed-end
high yield fund, the DLJ High Yield Bond Fund. Mr. Lindquist is a Chartered
Financial Analyst.
