<PAGE>
Supplement to the Prospectuses
and
Statements of Additional Information
of
Keystone Government Securities Fund ("KGSF")
Keystone Intermediate Term Bond Fund ("KITBF")
(the "Fund(s)")
The prospectuses and statements of additional information of each Fund are
hereby supplemented as follows:
* With respect to KGSF, effective October 2, 1995, the current respective
expense limitations for the Fund's Class A, B, and C shares have been increased
to 1.15%, 1.90%, and 1.90% of average net class assets annually.
* With respect to KITBF, effective October 2, 1995, the current respective
expense limitations for the Fund's Class A, B, and C shares have been increased
to 1.10%, 1.85%, and 1.85% of average net class assets annually.
Keystone Investment Management Company ("Keystone") currently intends to
continue the foregoing expense limitations on a calendar month-by-month basis.
Keystone will periodically evaluate the foregoing expense limitations and may
modify or terminate them in the future.
October 2, 1995 GSF/ITBF-SK
