EXECUTIVE INVESTORS TRUST
497, 1997-04-28
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                            EXECUTIVE INVESTORS TRUST
                  Supplement to Prospectus dated April 30, 1997


The following should be added to "Purchase of Shares-Waivers of Sales Charges:"

Sales charges do not apply to any purchase by an FIC  Representative,  or by the
spouse, children, grandchildren, parent or grandparent of any such person.


EIT497                                                              May 5, 1997





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