SUPPLEMENT DATED JANUARY 20, 1998
TO THE PROSPECTUS DATED MAY 1, 1997 OF
WEISS, PECK & GREER, L.L.C.
MUTUAL FUNDS
WPG Government Money Market Fund
WPG Tax Free Money Market Fund
WPG Intermediate Municipal Bond Fund
WPG Government Securities Fund
WPG Growth and Income Fund
WPG Tudor Fund
Weiss, Peck & Greer International Fund
WPG Growth Fund
WPG Quantitative Equity Fund
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WPG GOVERNMENT SECURITIES FUND
Effective January 20, 1998, the WPG Government Securities Fund was
renamed the "WPG Core Bond Fund" and is no longer offered pursuant to the
attached Prospectus. To receive a copy of the WPG Core Bond Fund's prospectus,
please call 1- 800-223-3332. Please read the prospectus carefully before
investing.
WPG TUDOR FUND AND WPG GROWTH FUND
The following disclosure replaces the description of the portfolio
managers of WPG Tudor Fund and WPG Growth Fund on page 27 of the attached
Prospectus:
The portfolio manager for the WPG Tudor Fund and the WPG
Growth Fund is Adam Starr. Mr. Starr, who has 20 years of investment
experience, is responsible for the day-to-day management of these
Funds' portfolio investments. Mr. Starr has been a managing director
and research analyst for the Large Cap Growth and Small Cap Growth
Divisions of WPG since 1996. Mr. Starr was an analyst and portfolio
manager for the Farber Fund from 1993 to 1996. Prior to 1993, Mr. Starr
was a portfolio manager and research analyst with Charter Oak Partners,
and a managing director in the Research Department at First Manhattan
Company.
