WRIGHT EQUIFUND EQUITY TRUST
497, 1998-11-18
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                        The Wright EquiFund Equity Trust

===============================================================================


                    Supplement to the Combined Prospectus of

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

                                      dated
                                   May 1, 1998



The  Board of  Trustees  of  Wright  EquiFund  Equity  Trust  has  approved  the
following:

         1. The termination and liquidation of Wright EquiFund-Nordic, effective
            December 18, 1998.

         2. The merger of Wright EquiFund-Belgium/Luxembourg into Wright
            EquiFund-Netherlands,  a fund with a similar investment objective
            and policies, on or about December 18, 1998. The reorganization is
            expected to be free of any tax consequences.

* As of the date of this Supplement, these Funds are not available for purchase.
  Contact the Principal Underwriter or your broker or the latest information.





November 18, 1998


                        The Wright EquiFund Equity Trust

===============================================================================


        Supplement to the Combined Statement of Additional Information of

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

                                      dated
                                   May 1, 1998



The  Board of  Trustees  of  Wright  EquiFund  Equity  Trust  has  approved  the
following:

         1. The termination and liquidation of Wright EquiFund-Nordic, effective
            December 18, 1998.

         2. The merger of Wright EquiFund-Belgium/Luxembourg into Wright
            EquiFund-Netherlands,  a fund with a similar investment objective
            and policies, on or about December 18, 1998. The reorganization is
            expected to be free of any tax consequences.

* As of the date of this Supplement, these Funds are not available for purchase.
  Contact the Principal Underwriter or your broker or the latest information.





November 18, 1998



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