SUPPLEMENT FOR OHIO RESIDENTS
DATED AUGUST 31, 1995 TO
PROSPECTUS
DATED APRIL 1, 1995
The portfolios may treat securities acquired pursuant to Rule 144A of the
securities Act of 1933 ("Rule 144A Securities") as liquid, and therefore not
subject to the portfolios' ten percent limitation on investments in illiquid
securities. However, a portfolio will not invest more than fifty percent of its
total assets in the securities of issuers which together with any predecessors
have a record of less than three years continuous operation or securities of
issuers which are restricted as to disposition, including Rule 144A Securities.
The portfolios may invest in these securities to a greater extent than
investment companies which meet all the requirements of Section
1301:6-3-09(E)(12) of the Ohio Administrative Code.
