EXECUTIVE INVESTORS TRUST
BLUE CHIP
HIGH YIELD
INSURED TAX EXEMPT
Supplement dated December 6, 1999 to
Prospectus dated April 30, 1999
The Fund Management section beginning on page 20 is amended as follows:
All references to Dennis T. Fitzpatrick as Portfolio Manager of the
Blue Chip Fund are changed to Co-Portfolio Manager. Add Andrew Wedeck
as Co-Portfolio Manager of the Blue Chip Fund. From April 1999 to
November 1999, Mr. Wedeck was a Research Analyst at Cramer Rosenthal
McGlynn. From April 1998 to March 1999, Mr. Wedeck was a personal
money management consultant for family members. From 1995 to March
1998, Mr. Wedeck was an Equity Analyst at Stechler & Company.