MAY 20, 1996
ENTERPRISE ACCUMULATION TRUST
SUPPLEMENT PROSPECTUS DATED MAY 1, 1996
The following information supplements and supersedes any
contrary
information in the section of the Prospectus entitled
"Management of the
Fund".
Subject to shareholder approval, GAMCO Investors, Inc.
("GAMCO") will
serve as Portfolio Manager of the Small Cap Portfolio. Its
offices are
located at One Corporate Center, Rye, New York 10580. GAMCO
is a majority-
owned subsidiary of Gabelli Funds, Inc. GAMCO's predecessor,
Gabelli &
Company, Inc., was founded in 1977 by Mario J. Gabelli who
has served as its
chief investment officer since inception. He will be
responsible for the
day-to-day management of the Portfolio and has more than 25
years of
experience in the investment industry. Representative
clients include:
AT&T; Halliburton Co. and ITT Corp. As of March 31, 1996,
total assets
under management for all clients were $5.1 billion. Usual
investment
minimum is $1 million.
May 20, 1996
May 20, 1996
Office of Records
Securities and Exchange Commission
450 Fifth St.
Washington, D.C. 20549
Re: Enterprise Accumulation Trust
Registration No.33-21534
Rule 497 Filing
Dear Sir or Madam:
The following amendment to the prospectus dated May 1, 1996
is filed
pursuant to Rule 497(e) by supplement or sticker to the
above-referenced
Fund. No changes were necessary to the cross-reference
sheet.
Thank you for your assistance.
Sincerely,
Catherine R. McClellan
Senior Vice President and Secretary
