<PAGE>
SUPPLEMENT TO THE PROSPECTUSES AND
STATEMENTS OF ADDITIONAL INFORMATION OF
KEYSTONE INTERNATIONAL FUND INC.
KEYSTONE PRECIOUS METALS HOLDINGS, INC.
KEYSTONE TAX EXEMPT TRUST
(THE "FUND(S)")
The prospectus and statement of additional information of each Fund is
hereby supplemented as follows:
Contingent deferred sales charges will now be waived on any redemption
consisting of (1) loan proceeds to a retirement plan participant; (2) financial
hardship withdrawals made by a retirement plan participant; or (3) returns of
excess contributions or excess deferral amounts made to a retirement plan
participant.
In addition, effective May 1, 1995, the name of the Funds' investment
adviser and certain of the adviser's affiliates will be changed: Keystone
Custodian Funds, Inc., the Funds' investment adviser, will become "Keystone
Investment Management Company"; Keystone Distributors, Inc., the Funds'
principal underwriter, will become "Keystone Investment Distributors Company";
and Keystone Group, Inc., the parent company of the Funds' adviser and
underwriter, will become "Keystone Investments, Inc."
May 1, 1995
CUST3-SK