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ENDEAVOR SERIES TRUST (the "TRUST") Supplement dated December 3, 1999 to the Prospectus dated May 1, 1999 Effective immediately, Endeavor Value Equity Portfolio is being managed by John Lindenthal, a senior equity portfolio manager and analyst at Oppenheimer Capital, the parent company of OpCap Advisors. Mr. Lindenthal has been with Oppenheimer Capital since 1979 and has been a Managing Director since 1985.
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