CONCERT INVESTMENT SERIES
SUPPLEMENT DATED MAY 15, 2000
TO
PROSPECTUS DATED FEBRUARY 28, 2000
________________________
Effective June 5, 2000, the sales charge table and accompanying note
under "Class A Sales Charge" on page 19 are revised as follows:
For Small Cap Fund,
International Equity Fund, Mid Cap Fund,
Growth Fund and Growth and Income Fund
Sales Charge as Sales Charge as
% of Offering % of Net amount
Amount of Investment Price Invested
Less than $25,000 5.00 5.26
$25,000 but less than $50,000 4.25 4.44
$50,000 but less than $100,000 3.75 3.90
$100,000 but less than $250,000 3.25 3.36
$250,000 but less than $500,000 2.75 2.28
$500,000 but less than $1,000,000 2.00 2.04
$1,000,000 or more* -0- -0-
*You do not pay an initial sales charge when you buy $1,000,000
or more of Class A shares. However, if you redeem these Class A
shares within one year of purchase, you will pay a deferred sales
charge of 1%.
For Municipal Bond Fund and
Government Fund
Sales Charge as Sales Charge as
% of Offering % of Net amount
Amount of Investment Price Invested
Less than $25,000 4.50% 4.71%
$25,000 but less than $50,000 4.00 4.17
$50,000 but less than $100,000 3.50 3.63
$100,000 but less than $250,000 2.50 2.56
$250,000 but less than $500,000 1.50 1.52
$500,000 or more* -0- -0-
*You do not pay an initial sales charge when you buy $500,000 or
more of Class A shares. However, if you redeem these Class A
shares within one year of purchase, you will pay a deferred sales
charge of 1%.
FD 0
