ENDEAVOR SERIES TRUST
Supplement dated December 31, 1998
to Prospectuses and Statements of Additional Information dated
May 1 and May 15, 1998
Effective December 31, 1998, Endeavor Investment Advisers,
a California general partnership of Endeavor Management Co. and
AUSA Financial Markets, Inc., will be terminated and dissolved.
All management and administrative duties of Endeavor Investment
Advisers will be assumed by Endeavor Management Co. effective
December 31, 1998.
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