November 13, 1995
PREMIER GNMA FUND
SUPPLEMENT TO PROSPECTUS
DATED OCTOBER 13, 1995
THE FOLLOWING INFORMATION SUPERSEDES ANY CONTRARY INFORMATION AND
SHOULD BE READ IN CONJUNCTION WITH THE INFORMATION PERTAINING TO CLASS C
CONTAINED IN THE EXAMPLE UNDER THE CAPTION "FEE TABLE" IN THE FUND'S
PROSPECTUS:
A Class C shareholder would pay $18 ($28 including the contingent
deferred sales charge) in expenses on a $1,000 investment, assuming (1) 5%
annual return and (2) redemption at the end of one year.
027s111095