JUNE 4, 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".
Effective June 1, 1996, GAMCO Investors, Inc. ("GAMCO") will
serve as Portfolio Manager of the Small Cap Portfolio.
Shareholders will be solicited to approve the Board of Trustees'
appointment of the firm. GAMCO's 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 30 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.
June 4, 1996
