ENDEAVOR SERIES TRUST
Supplement dated August 15, 2000
to the Prospectus and Statement of Additional Information
dated May 1, 2000
Change in Investment Advisers and Portfolio Names
Effective on or about October 9, 2000, Endeavor Management Co. ("Endeavor"), the
manager of Endeavor Series Trust, will replace the advisers of and rename the
following Portfolios:
Endeavor Opportunity Value Portfolio, currently advised by OpCap Advisors,
will become the Jennison Growth Portfolio and will be advised by Jennison
Associates LLC ("Jennison"). Jennison is located at 466 Lexington Avenue,
New York, NY 10017.
Endeavor Select Portfolio, currently advised by Montgomery Asset
Management, LLC, will become the Capital Guardian Global Portfolio and will
be advised by The Capital Guardian Trust Company ("Capital Guardian").
Capital Guardian is located at 333 South Hope Street, Los Angeles, CA
90071.
Endeavor Value Equity Portfolio, currently advised by OpCap Advisors, will
become the Capital Guardian Value Portfolio and will be advised by Capital
Guardian.
Endeavor pays the fees of each adviser. To obtain these quality investment
advisers, Endeavor is required to pay higher investment advisory fees than are
currently being paid to each Portfolio's current investment adviser. Therefore,
Endeavor has asked the Trustees for, and the Trustees have approved, an increase
in the management fee to cover the additional costs. These increases require
shareholder approval. Further information will be found in the proxy statement,
which will be mailed to Contract Owners invested in these Portfolios on or about
August 18, 2000.
In connection with the change in adviser, the investment strategy of the
Jennison Growth Portfolio will change from a value investing style to a growth
investing style. The Portfolio will invest substantially all, but at least 65%,
of its total assets in equity securities, principally common stocks, preferred
stocks, warrants, rights and depositary receipts, of U.S. companies with market
capitalizations of at least $1 billion and above average prospects for growth.
The adviser looks for companies with superior absolute and relative earnings
growth, above average revenue and earnings per share growth, sustainable or
improving profitability and strong balance sheets.
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ENDEAVOR SERIES TRUST
Supplement dated August 15, 2000
to the Prospectus and Statement of Additional Information
dated May 1, 2000
Change in Investment Adviser and Portfolio Name
Effective on or about October 9, 2000, Endeavor Management Co. ("Endeavor"), the
manager of Endeavor Series Trust, will replace the adviser of and rename the
following Portfolio:
Endeavor Value Equity Portfolio, currently advised by OpCap Advisors, will
become the Capital Guardian Value Portfolio and will be advised by The Capital
Guardian Trust Company ("Capital Guardian"). Capital Guardian is located at 333
South Hope Street, Los Angeles, CA 90071.
Endeavor pays the fee of the adviser. To obtain this quality investment adviser,
Endeavor is required to pay a higher investment advisory fee than is currently
being paid to the Portfolio's current investment adviser. Therefore, Endeavor
has asked the Trustees for, and the Trustees have approved, an increase in the
management fee to cover the additional costs. The increase requires shareholder
approval. Further information will be found in the proxy statement, which will
be mailed to Contract Owners invested in this Portfolio on or about August 18,
2000.
