KEYSTONE WORLD BOND FUND
497, 1997-02-03
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                          SUPPLEMENT TO THE PROSPECTUS
                                       OF
                            KEYSTONE WORLD BOND FUND
                                  (the "Fund")

         The section of the prospectus  entitled "Portfolio Manager" under "Fund
Management and Expenses" is hereby supplemented to reflect the following:

         Richard A. Wisentaner is currently the Fund's  portfolio  manager.  Mr.
Wisentaner joined Keystone  Investment  Management Company in 1994. He is a Vice
President  and  portfolio  manager and has more than six years of  experience in
fixed income research and analysis.

February 3, 1997


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