ENDEAVOR SERIES TRUST (the "TRUST")
Supplement dated October 1, 1998 to
Prospectus dated May 1, 1998
Under the Section entitled MANAGEMENT OF THE FUND, the
following information replaces the last paragraph on page 45 which
carries over to page 46.
The day to day investment management decisions for the
equity portion of the Endeavor Asset Allocation Portfolio will be
made by Philip W. Friedman, Margaret K. Johnson and William S.
Auslander. Philip Friedman, a Managing Director of Morgan Stanley
since 1997, has been a Managing Director of Morgan Stanley
& Co. Incorporated, a Morgan Stanley affiliate, since 1990.
Margaret Johnson is a Principal of Morgan Stanley and a Portfolio
Manager in the Institutional Equity Group. She joined Morgan
Stanley in 1984 and worked as an Analyst in the Marketing and
Fiduciary Advisor areas. Ms. Johnson became an Equity Analyst
in 1986 and a Portfolio Manager in 1989. William S. Auslander
is a Vice President of Morgan Stanley, which he joined in 1995.
Prior to that he was an Equity Analyst at Icahn & Co. from 1985
to 1995. Mr. Friedman and Mr. Auslander joined Ms. Johnson in
assuming responsibility for managing the equity portion of the
Endeavor Asset Allocation Portfolio's assets at the end of
September 1998.
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