THE RODNEY SQUARE
STRATEGIC EQUITY FUND
Supplement dated January 1, 1999
to the Fund's Prospectus
dated June 29, 1998
In lieu of the first paragraph on page 25, please substitute the
following:
A "growth" team led by E. Matthew Brown, Vice President, is
responsible for the day-to-day management of the Large Cap Growth
Equity Portfolio and the growth portion of the Small Cap Equity
Portfolio. Mr. Brown joined WTC in October of 1996. Prior to
joining WTC, he served as Chief Investment Officer of PNC Bank,
Delaware, from 1993 through 1996, and as Investment Division
Manager for Delaware Trust Capital Management from 1990 through
1993. A "value" team led by Jonathan F. Kolle is responsible for
the day-to-day management of the Large Cap Value Equity Portfolio
and the value portion of the Small Cap Equity Portfolio. Mr.
Kolle, a chartered financial analyst, joined WTC's investment
group as a senior equity analyst and portfolio manager in 1991.
He currently manages WTC's Value Equity Division, overseeing both
mid/large cap and small cap value strategies. Prior to joining
WTC, he served as Assistant Vice President in the Corporate
Finance Group of Shawmut National Corporation in Philadelphia,
PA. With respect to the International Equity Portfolio, Robert
J. Christian, Chief Investment Officer of WTC, or his delegate,
is primarily responsible for monitoring the day-to-day investment
activities of the sub-advisers to the Portfolio. Mr. Christian
has been a Director of RSMC since February 1996, and was Chairman
and Director of PNC Equity Advisors Company, and President and
Chief Investment Officer of PNC Asset Management Group, Inc. from
1994 to 1996. He was Chief Investment Officer of PNC Bank, N.A.
from 1992 to 1996 and Director of Provident Capital Management
from 1993 to 1996.
In addition, effective January 1, 1999, Provident Distributors,
Inc. replaced Rodney Square Distributors, Inc. as the distributor
of the Fund's shares. The address of Provident Distributors,
Inc., which is not affiliated with Wilmington Trust Company or
its affiliates, is Four Falls Corporate Center, West
Conshohocken, Pennsylvania 19428.
