Delaware Group Premium Fund
REIT Series
Supplement to Prospectuses dated May 1, 2000
Thomas J. Trotman and Damon J. Andres have primary
responsibility for making day-to-day investment decisions
for the REIT Series. Mr. Trotman and Mr. Andres have been
on the Series' investment management team since 1998.
Thomas J. Trotman, Vice President/Portfolio Manager, earned
a bachelor's degree in Accounting from Muhlenberg College
and an MBA from Widener University. Prior to joining
Delaware Investments in 1995, he was Vice President and
Director of Investment Research at Independence Capital
Management. Before that, he held credit-related positions
at Marine Midland Bank, U.S. Steel Corporation, and Amerada
Hess. Mr. Trotman is a CFA charterholder.
Damon J. Andres, Vice President/Portfolio Manager, earned a
BS in Business Administration with an emphasis in Finance
and Accounting from the University of Richmond. Prior to
joining Delaware Investments in 1994, he provided investment
consulting services as a Consulting Associate with Cambridge
Associates, Inc. in Arlington, Virginia.
