October 14, 1997
US Government Securities Fund
Supplement to Prospectus Dated May 1, 1997
The following replaces the second paragraph in the section
of the Prospectus entitled Sub-Adviser; Portfolio Management
under Management on page 15:
Effective October 6, 1997, Mark Simenstad assumed day-to-
day responsibility for managing the Fund's portfolio. He has
been a Senior Vice President with the Sub-Adviser since August
1996. Prior to August 1996, Mr. Simenstad was a Vice
President/Portfolio Manager of Investment Advisors, Inc. and
prior to August 1993, he was an Assistant Vice
President/Portfolio Manager of Lutheran Brotherhood. Mr.
Simenstad has 14 years of investment management experience.
