WRIGHT EQUIFUND EQUITY TRUST
497, 1998-09-30
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                        The Wright EquiFund Equity Trust

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                       Wright EquiFund-Belgium/Luxembourg
                         Wright EquiFund-Hong Kong/China
                              Wright EquiFund-Japan
                             Wright EquiFund-Mexico
                           Wright EquiFund-Netherlands
                             Wright EquiFund-Nordic


                          Supplement to the Prospectus
                                      dated
                                   May 1, 1998


For each Fund offered by this  Prospectus,  effective for shares purchased after
October 12, 1998,  a redemption  fee of 1% of the  redemption  proceeds  will be
assessed on the redemption of shares of the Funds redeemed  within six months 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"  table on page 5 is revised by the insertion of
"1%*" on each "Redemption Fee" line and the following footnote:

*Applicable  only to shares purchased after October 12, 1998 and redeemed within
six months of purchase.

No redemption fee will be payable or imposed with respect to shares of the Funds
purchased by an investor  making an investment  through an  investment  adviser,
financial  planner,  broker  or other  intermediary  that  charges a fee for its
services  and has entered into an  agreement  with the Funds or their  Principal
Underwriter.




October 12, 1998



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