WRIGHT EQUIFUND EQUITY TRUST
497, 1995-11-27
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                           THE WRIGHT EQUIFUND EQUITY TRUST


                              SUPPLEMENT TO THE PROSPECTUS
                                        DATED
                                  OCTOBER 13, 1995



         1.     Effective immediately, shares of Wright  EquiFund - Italy 
                and Wright EquiFund  - Spain are no longer available for
                purchase.


         2.     For each Fund offered by this Prospectus, effective for shares
                purchased after December 31, 1995, a redemption fee of 1 1/2% of
                the redemption  proceeds will be assessed on the  redemption of
                shares of the Funds  redeemed  within 30 days of purchase. This
                redemption fee will be paid by each redeeming  shareholder  to,
                and retained  by,  the  respective  Fund.  Consistent  with the
                foregoing, the "Shareholder and Fund Expense" tables on pages 6
                and 7  are revised  by  the  insertion  of "1  1/2%*"  on  each
                "Redemption Fee" line and the following footnote:

                *Applicable only to shares purchased after December 31, 1995
                 and redeemed within 30 days of purchase.




November 27, 1995



                        THE WRIGHT EQUIFUND EQUITY TRUST


             SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
                                     DATED
                                OCTOBER 13, 1995



      Effective  immediately,  shares  of  Wright  EquiFund  - Italy and
      Wright EquiFund - Spain are no longer available for purchase.





 November 27, 1995



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