CONCERT INVESTMENT SERIES
497, 2000-06-29
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CONCERT INVESTMENT SERIES

SUPPLEMENT DATED JUNE 29, 2000
TO
STATEMENT OF ADDITIONAL INFORMATION DATED FEBRUARY 28, 2000

________________________

	The following information supersedes the information set
forth in the Prospectus under "Distributor.":

	The funds have entered into agreements with Salomon Smith
Barney Inc. and PFS Distributors, Inc. to distribute the fund's
shares.


FD 1941



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