May 23, 1997
VIA EDGAR
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Keystone Strategic Income Fund (the "Fund")
File No. 33-11050/811-4947
Dear Sirs/Madams:
Pursuant to Rule 497 under the Securities Act of 1933, as amended (the
"Act"), the Fund hereby files a supplement to its prospectuses dated November
29, 1996 as supplemented January 1, 1997, and December 10, 1996 as supplemented
December 11, 1996. This supplement supersedes the prior supplement filed
electronically on May 16, 1997, which has not been used.
Please acknowledge receipt of this transmission by responding to the
CompuServe mailbox number provided.
If you have any questions or would like further information, please call me
at (617) 210-3648.
Very truly yours,
Dorothy E. Bourassa
<PAGE>
SUPPLEMENT TO THE PROSPECTUSES
of
KEYSTONE STRATEGIC INCOME FUND
(the "Fund")
Dated
November 29, 1996 as Supplemented January 1, 1997
and
December 10, 1996 as Supplemented December 11, 1996
The section of each of the Prospectuses entitled "Portfolio Manager" under
"Fund Management and Expenses" is hereby supplemented to reflect the following:
The Portfolio Manager of Keystone Strategic Income Fund is Prescott B.
Crocker. Mr. Crocker is a Senior Vice President, Senior Portfolio Manager and
Head of the High Yield Bond Team at Keystone Investment Management Company. Mr.
Crocker began serving as the Fund's Portfolio Manager when he joined Keystone in
1997. Prior to joining Keystone, Mr. Crocker was President and Chief Investment
Officer at Boston Security Counsellors, a private accounts investment management
firm, and Managing Director and Portfolio Manager at Northstar Investment
Management. Mr. Crocker has 25 years of experience in fixed income investment
management.
May 16, 1997
