A mutual
fund seeking
capital
growth using
stocks from
around the
world
Fund Facts
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Global Fund - Equity Series
Lord Abbett Global Fund - Equity Series is a mutual fund designed to provide
capital appreciation by investing in stocks from around the world. Growth of
income is a secondary goal. The Series seeks its objectives consistent with
reasonable risk.
How the Series Has Compared Against Inflation(1):
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Growth of $10,000: 9/30/88(2) - 3/31/98
[FOLLOWING DEPICTED AS GRAPH]
FUND INFLATION
9/30/98 $9425 $10000
1988 $9837 $10058
1989 $11582 $10526
1990 $10178 $11169
1991 $11681 $11511
1992 $11478 $11845
1993 $14469 $12170
1994 $14456 $12496
1995 $15785 $12813
1996 $17108 $13239
1997 $18474 $13464
3/31/98 $20493 $13564
(1) The dollar change shown reflects total return performance based on changes
in net asset value including the reinvestment of all distributions. The
maximum sales charge of 5.75%, applicable to Class A share investments
under $50,000, has been deducted from the Series investment. The Series
issues additional classes of shares with distinct pricing options. For a
full discussion of the differences in pricing alternatives, please call
800-874-3733 and ask for the Fund's current prospectus.
(2) The Series commenced operations 9/30/88.
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AVERAGE ANNUAL RETURNS:
Average annual compounded returns reflecting deduction of the Class A share
maximum 5.75% sales charge, as required by the SEC, for the following periods
ending 3/31/98:
1 year 5 years Life of Series
------ ------- --------------
+14.20% +8.99% +7.84%
Past performance is no indication of future results. The investment return and
principal value of an investment in the Series will fluctuate so that shares, on
any given day or when redeemed, may be worth more or less than their original
cost.
Minimum
Initial
Investment:
$1,000
$250 for IRAs
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The Fund's Investor Advantage
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o Approximately 50% of publicly traded companies are based outside of the
United States; a global fund gives investors the opportunity to
participate in the growth potential of world-class companies, both at home
and abroad;(3)
o While there can be no assurances as to future results, historically, a
portfolio including both foreign and domestic stocks has increased
long-term returns and reduced risk, compared to investing in U.S. stocks
alone.(4)
(3) Source: Morgan Stanley Capital International. Data as of 3/31/98. (4) Data
derived using returns from December 1969 - March 1998. Source: Morgan
Stanley Capital International.
(4) Data derived using returns from December 1969-December 1997.
Source: Morgan Stanley Capital International.
Fund
Symbols:
A Shares - LAGEX
B Shares - LAGBX
C Shares - LAGCX
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The Fund's Investment Strategy
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o The Series focuses on a universe of 800 of the leading global companies in
terms of market dominance (regional or global), growth capabilities,
profitability and financial strength.
o Further research identifies the 80-100 companies, primarily of large
capitalizations, that we believe represent the best values based on their
price and growth potential.
o These are leading companies that represent the best investment potential
around the globe. Country risk is reduced by having exposure to all three
major currency blocks - the U.S., Europe and Japan.
o Fuji Investment Management Co. Europe, Ltd. (FIMCO), an affiliate of Fuji
Bank, Ltd. (one of the world's largest and most respected banks) acts as a
consultant for market analysis and company research that is an integral
part of the Series' investment process.
Cusip
Numbers:
A Shares - 543908107
B Shares - 543908305
C Shares - 543908404
Continued on reverse side
<PAGE>
The Fund's Investment Strategy (continued)
Funds that invest in foreign securities are affected by currency fluctuation and
other foreign investment risk factors, such as the potential for less regulation
and liquidity and more volatility than U.S. markets; potentially less publicly
available information about companies, banks and governments than for U.S.
counterparts; lack of uniform accounting standards among countries, impairing
comparisons; potentially higher transaction costs and different securities
settlement and trading practices.
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The Fund's Manager
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[PHOTO OMITTED]
E. Wayne Nordberg Partner and Portfolio Manager
"Value opportunities aren't confined to the United States. A portfolio with a
global perspective offers a wider focus. The result: more opportunities to
discover bargain-priced stocks."
The Series is managed by Lord Abbett Partner, E. Wayne Nordberg. Mr. Nordberg,
who has over 35 years of investment management experience, has managed the
Equity Series since its inception in 1988.
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Portfolio Profile
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When you invest in the Series, you become an owner of a portfolio that invests
in the securities of more than 140 companies in 18 countries. The Series'
portfolio is actively managed and its holdings are subject to change.
The Series' Top 10 Holdings (as of 3/31/98)
% of Net
Company Name Assets
Mannesman 1.93%
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Suez Lyonnaise des Eaux 1.80
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Ver Ned Uitger Ver Bezit 1.60
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Union Bank of Switzerland 1.55
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Emerson Electric Company 1.50
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Nordbanken 1.46
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Veba 1.45
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Ente Nazionale 1.43
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Novartis 1.42
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Pinault Printemps 1.40
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Total 15.54%
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Mapping Out An Investment Strategy
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As of 3/31/98, the Series was invested in 18 countries throughout the world.
[MAP OMITTED]
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The Fund's Investment Manager
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LORD, ABBETT & CO.
o Experienced Management - Founded in 1929, Lord, Abbett & Co. was one of
the nation's first mutual fund managers. Lord Abbett manages over $27
billion in a family of mutual funds and separately managed accounts.
o A Complete Family - The Lord Abbett Family of Funds consists of 30 mutual
funds.
For more complete information about any Lord Abbett mutual fund, such as Lord
Abbett Global Fund - Equity Series, including charges and expenses, call your
investment professional or Lord Abbett Distributor llc at 800-874-3733 for a
prospectus. An investor should read the prospectus carefully before investing.
If used after 6/30/98, this piece must be accompanied by Lord Abbett's
Performance Quarterly for the most recently completed calendar quarter.
[LOGO] LORD, ABBETT & CO.
Investment Management
A Tradition of Performance Through Disciplined Investing
LORD, ABBETT DISTRIBUTOR LLC
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The GM Building 767 Fifth Avenue New York, NY 10153-0203 800-426-1130
Numbers to Keep Handy
For Shareholder Account or Statement Inquiries: 800-821-5129
For Literature: 800-874-3733
For More Information: 800-426-1130
Visit Our Web Site: http://www.lordabbett.com
LAG-12E-398 (5/98)
