ENDEAVOR SERIES TRUST (the \TRUST)
Supplement dated November 5, 1997 to
Prospectuses dated May 1,1997 and August 7, 1997
This information replaces the last full paragraph on page
48 and the paragraph which carries over to page 49.
On November 4, 1997, PIMCO Advisors L.P. (PIMCO
Advisors), a registered investment adviser with $125 billion in
assets under management through various subsidiaries, and its
affiliates acquired control of Oppenheimer Capital and its
subsidiary OpCap, the Adviser to the Value Equity Portfolio and
the Opportunity Value Portfolio (each, a "Portfolio"), series of
the Trust. New Advisory Agreements (on identical terms as the
previous Advisory Agreements) between the Trust, on behalf of
each Portfolio, and OpCap became effective on November 5, 1997.
The new Advisory Agreements were approved by the shareholders of
each Portfolio at a Special Meeting of Shareholders held on June
18, 1997.
Value Advisors LLC, a limited liability company and a
wholly-owned subsidiary of PIMCO Advisors, holds a one-third
managing general partner interest in Oppenheimer Capital and a
1.0% general partner interest in OpCap. Oppenheimer Capital
L.P., a Delaware limited partnership whose units are traded on
the NYSE owns the remaining two-thirds interest in Oppenheimer
Capital. PIMCO Partners G.P., general partner of PIMCO Advisors,
holds the sole general partner interest in Oppenheimer Capital,
L.P.
