DOMINI SOCIAL EQUITY FUND, 497, 1996-07-23

DOMINI SOCIAL EQUITY FUND
497, 1996-07-23

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Domini Social Equity Fund
Supplement dated July 22, 1996 to Prospectus dated November 28, 1995

     1. The expense  table under the header "Expense  Summary" at page 3 of the
     Prospectus is revised as follows:

Shareholder Transaction Expenses . . . . . . . . . . . . . . .      0%
Annual Operating Expenses:
         Advisory and Management Fees. . . . . . . . . . . . .      0.25%
         12b-1 Fees. . . . . . . . . . . . . . . . . . . . . .      0.25%
         Other Expenses
                  - Administrative Services Fees . . . . . . .      0.20%
                  - Expense Payment Fees . . . . . . . . . . .      0.28%
         Total Operating Expenses  . . . . . . . . . . . . . .      0.98%

     2. The second sentence in the paragraph  immediately  following the expense
     table under the header  "Expense  Summary" at page 3 of the  Prospectus  is
     revised as follows:

     "Pursuant to expense payment arrangements between Signature and each of the
     Fund and the Portfolio, Signature pays all of the operating expenses of the
     Fund and the  Portfolio,  including  the  advisory,  management,  12b-1 and
     administrative services fees."