Lexington Ramirez Global Income Fund
Supplement dated January 25, 1996
To the Prospectus and the Statement of Additional Information
dated May 1, 1995
Fee Table (Prospectus)
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Lexington Management Corporation has agreed to voluntarily limit the total
operating expenses of the Fund (excluding interest, taxes, brokerage and
extraordinary expenses, but including management fee and operating expenses)
to an annual rate of 1.50% of the Fund's average net assets through April 30,
1996 or such later date to be determined by Lexington Management Corporation.
The figures appearing in the Fee Table under 1 Year, 3 Years, 5 Years and 10
Years are based on higher expenses, and do not reflect the lower annual
expense limit of 1.50%.
Investment Adviser, Sub-Adviser, Distributor, and Administrator
(Prospectus & SAI)
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Lexington Management Corporation has agreed to voluntarily limit the total
operating expenses of the Fund (excluding interest, taxes, brokerage and
extraordinary expenses, but including management fee and operating expenses)
to an annual rate of 1.50% of the Fund's average net assets through April 30,
1996 or such later date to be determined by Lexington Management Corporation.
