Kayne, Anderson Rising Dividends Fund
Supplement to Prospectus dated May 1, 1996
The disclosure under the caption "How to Buy Shares of the Fund" and "How to
Redeem Shares of the Fund" in the Fund's prospectus dated May 1, 1996 is
supplemented by the following information.
Effective September 15, 1996, Investors Bank & Trust Co., 89 South Street,
Boston, MA 02111 will serve as the Fund's Custodian, Transfer and Shareholder
Service Agent.
Shareholders should direct correspondence and inquires as follow:
INVESTMENTS
BY CHECK: Initial and subsequent investments should be sent to Kayne, Anderson
Rising Dividends Fund, c/o Investors Bank & Trust Co., P.O. Box 1537, Mail Code:
MFD23, Boston, MA 02205.
BY WIRE: Investors establishing new accounts should telephone Investors Bank &
Trust Co., at 1-800-395-3807 prior to sending the bank wire.
Shareholders should instruct their bank to wire funds as follows:
Investors Bank & Trust Co.
ABA# 011001438
Attn: Transfer Agent
Account # 111213141
For Further Credit to: Kayne, Anderson Rising Dividends Fund
Shareholder Account name:____________________________________
Shareholder account number:__________________________________
REDEMPTIONS:
DIRECT REDEMPTION: Written request for redemption, with signatures guaranteed,
should be mailed to Kayne, Anderson Rising Dividends Fund, c/o Investors Bank &
Trust Co., P.O. Box 1537, Mail Code: MFD23, Boston, MA 02205.
TELEPHONE REDEMPTION: If you have completed the Redemption by Telephone portion
of the Fund's account application, you may redeem shares on any business day the
New York Stock Exchange is open by calling the Transfer Agent at 1-800-395-3807
before 4:00 p.m. Eastern time.
