OCTOBER 10, 2000 SUPPLEMENT TO PROSPECTUS DATED FEBRUARY 29, 2000
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CAPSTONE INTERNATIONAL SERIES TRUST:
(now known as "Commonwealth International Series Trust")
CAPSTONE JAPAN FUND
(now known as "Commonwealth Japan Fund")
CAPSTONE NEW ZEALAND FUND
(now known as "Commonwealth New Zealand Fund)
At the August 21, 2000 meeting of the Board of Trustees of the Capstone
International Series Trust, several changes involving the Trust were adopted.
The Trustees voted to change the name of the Trust from the Capstone
International Series Trust to the Commonwealth International Series Trust.
Similarly, the name of the Capstone Japan Fund has been changed to the
Commonwealth Japan Fund, and the name of the Capstone New Zealand Fund has been
changed to the Commonwealth New Zealand Fund. All name changes were effective
October 10, 2000.
The Board further approved the appointment of Mr. Robert Scharar as
President of the Trust. The Board also approved new service providers for the
Trust as follows: Declaration Service Company is the new Transfer Agent for the
Trust, and Declaration Distributors, Inc. is the new Distributor. The address of
both companies is: 555 North Lane, Suite 6160, Conshohocken, PA 19428.
INVESTING BY MAIL
For orders placed by mail, the Transfer Agent's address is (________Name of
Fund ______________), C/O Declaration Service Company, 555 North Lane, Suite
6160, Conshohocken, PA 19428.
INVESTING BY WIRE
For an initial investment sent by wire, you must first call 1-888-345-1898
to be assigned a Fund Account number. For payments sent by wire, the wiring
instructions are:
Commonwealth Japan Fund Commonwealth New Zealand Fund
Fifth Third Bank Fifth Third Bank
ABA#042000314 ABA#042000314
DDA Acct# 992-68815 DDA Acct# 992-68727
FBO: (____your name & FBO: (____your name &
Fund Account # _______) Fund Account #___________)
TELEPHONE INVESTMENT
After you have opened your account, you may make additional investments by
telephone if you completed the "Telephone Purchase Authorization" section of
your Investment Application. You may place a telephone order by calling the
Transfer Agent at 1-800-345-1898.
EXPEDITED REDEMPTION
Telephone Redemption: You may order a redemption by calling the Transfer
Agent at 1-800-345-1898.
EXCHANGING FUND SHARES
You may exchange your Fund shares for shares of another Commonwealth fund
at a price based on their respective NAV's.
TAX DEFERRED RETIREMENT PLANS
Fund shares may be used by virtually all types of tax-deferred retirement
plans, including traditional, Roth and Educational IRA's and Simplified Employee
Pension Plans. For more information , call 1-800-345-1898.
HOW TO GET MORE INFORMATION
You may obtain free copies of the SAI or reports, or other information
about the Fund or your account, by calling 1-800-345-1898.
