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SUPPLEMENT TO THE PROSPECTUSES
AND STATEMENTS OF
ADDITIONAL INFORMATION OF
KEYSTONE GLOBAL OPPORTUNITIES FUND ("KGOF")
KEYSTONE SMALL COMPANY GROWTH FUND II ("KSCGF II")
The prospectus and statement of additional information of each of the
above-named funds (each a "Fund") are hereby supplemented as follows:
Since January 1, 1996, in the case of KGOF, and February 20, 1996
(commencement of operations), in the case of KSCGF II, through June 30, 1996
("Offering Period"), Keystone Investment Distributors Company will reallow to
brokers or others a commission based on the price paid for each Class A Fund
share sold, at the following rates: full reallowance plus an additional .50% for
each Class A Fund share sold with respect to purchases in an amount not
exceeding $499,999, and full reallowance for each Class A Fund share sold with
respect to purchases in an amount in excess of $499,999.
In addition, during the Offering Period, Keystone Investment Distributors
Company will reallow to brokers or others a commission equal to 4.75% of the
price paid for each Class B Fund share sold as well as payment in advance of a
shareholder service fee at a rate of 0.25% per annum of the net asset value of
shares maintained by such recipients and outstanding on the books of the Fund
for specified periods, as described in the Fund's prospectus.
Such payments will be made to those dealers and others selling such shares
who pay to their registered representatives making such sales a portion of the
additional amount payable under this special dealer offer, determined in
accordance with their regular payment arrangements with such persons for sales
not made under a special dealer offer.
EQUITY 2-SK
March 22, 1996
