KEYSTONE WORLD BOND FUND
497, 1997-06-17
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                         SUPPLEMENT TO THE PROSPECTUS
                                       OF
                            KEYSTONE WORLD BOND FUND
                                  (the "Fund")
                                      Dated
                               February 28, 1997

     The section of the  prospectus  entitled  "Portfolio  Manager"  under "Fund
Management and Expenses" is hereby supplemented to read as follows:

     Christopher  P.  Conkey  is  the  Fund's  Portfolio  Manager.  He is  Chief
Investment  Officer  of Fixed  Income  and Head of the High  Grade Bond Team for
Keystone.  Mr. Conkey,  who joined  Keystone in 1988,  manages a variety of high
quality bond funds. He is a member of Keystone's Investment Policy Committee and
is responsible  for directing the strategy  creation  process for all high grade
products. Mr. Conkey has 14 years of investment experience.

June 17, 1997


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