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SUPPLEMENT DATED APRIL 3, 1996
TO THE STATEMENT OF ADDITIONAL INFORMATION DATED FEBRUARY 8, 1996
OF COMMON SENSE(R) TRUST
Common Sense(R) II Growth Fund
Common Sense(R) II Growth and Income Fund
Common Sense(R) II Government Fund
Common Sense(R) II Emerging Growth Fund
Common Sense(R) II International Equity Fund
The following replaces the first paragraph, in its entirety, under "OTHER
INFORMATION -- Performance Information":
The overall total return for the Growth II Fund, the Growth and Income
II Fund and the Government II Fund (computed in the manner described
in the Prospectus) for Class A shares for the one-year period ended
October 31, 1995 and since inception (May 3, 1994) through October 31,
1995 was 15.73%, 13.60% and 5.97%; and 10.76%, 8.55% and 2.87%,
respectively. The overall total return for the Growth II Fund, the
Growth and Income II Fund and the Government II Fund (computed in the
manner described in the Prospectus) for Class B shares for the
one-year period ended October 31, 1995 and since inception (May 3,
1994) through October 31, 1995 was 16.50%, 14.19% and 6.42%; and
11.68%, 9.37% and 2.91%, respectively. The overall total return for
Emerging Growth II Fund and International Equity II Fund (computed in
the manner described in the Prospectus) for Class A shares for the
period from inception (March 17, 1995 for International Equity II Fund
and February 21, 1995 for Emerging Growth II Fund) through October 31,
1995 was 22.02% and 10.79%, respectively. The overall total return for
Emerging Growth II Fund and International Equity II Fund (computed in
the manner described in the Prospectus) for Class B shares for the
period from inception (March 17, 1995 for International Equity II Fund
and February 21, 1995 for Emerging Growth II Fund) through October 31,
1995 was 21.37% and 10.23%, respectively. These results are based on
historical earnings and asset value fluctuations and are not intended
to indicate future performance. Such information should be considered
in light of the Fund's investment objectives and policies as well as
the risks incurred in the Fund's investment practices.
