ENDEAVOR SERIES TRUST (the "TRUST")
Supplement dated December 15, 1998
to Prospectus dated May 1, 1998
Under the Section entitled MANAGEMENT OF THE FUND, the
following information replaces the second paragraph on page 50.
Investment decisions with respect to the Endeavor Select 50
Portfolio are made by the Adviser's equity investment management
teams. Effective December 15, 1998, the full Investment
Oversight Committee will be responsible for overseeing the
investment decisions of the Adviser's equity teams on behalf of
the Portfolio.
