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RUSSELL INSURANCE FUNDS
SUPPLEMENT DATED NOVEMBER 5, 1996
TO THE PROSPECTUS DATED OCTOBER 16, 1996
Effective November 5, 1996 the Multi-Style Equity Fund will be managed by the
following Money Managers.
Chancellor LGT Asset Management Inc., 1166 Avenue of the
Americas, New York, NY 10036, is wholly-owned by
Liechtenstein Global Trust which, in turn, is controlled by
the Prince of Liechtenstein Foundation. The Prince of
Liechtenstein Foundation serves as the parent organization
for the various business enterprises of the Princely Family
of Liechtenstein.
Equinox Capital Management Inc., 399 Park Ave., 28th Floor,
New York, NY 10022. Equinox is a registered investment
adviser with majority ownership held by Ron Ulrich.
Westpeak Investment Advisors, LP, 1011 Walnut Street, Suite
300, Boulder, CO 80302, is indirectly controlled by
Metropolitan Life Insurance Company.
