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SUPPLEMENT TO THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION OF
KEYSTONE GLOBAL OPPORTUNITIES FUND
The Prospectus and Statement of Additional Information of the above-named fund
(the "Fund") are hereby supplemented in the section entitled "Fund Management
and Expenses -- Subadviser" as follows:
Under the Subadvisory Agreement between Keystone, the Fund's investment adviser,
and CLIAM, the Fund's subadviser, Keystone pays CLIAM at the beginning of each
fiscal quarter a fee for its services that represents 50% of the management fee
paid by the Fund to Keystone for the preceding quarter on Fund assets of up to
$250,000,000 and 30% of the management fee paid by the Fund to Keystone for the
preceding quarter on Fund assets in excess of $250,000,000. The Fund has no
responsibility to pay CLIAM's subadvisory fee.
October 12, 1995
