CONCERT INVESTMENT SERIES
497, 2000-06-02
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CONCERT INVESTMENT SERIES

SUPPLEMENT DATED JUNE 2, 2000
TO
STATEMENT OF ADDITIONAL INFORMATION DATED FEBRUARY 28, 2000

________________________

	Effective June 5, 2000, the Board of Trustees of the Fund
has approved a Distribution Agreement with PFS Distributors Inc.,
replacing the Distribution Agreement with CFBDS, Inc.




FD 0




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