WRIGHT EQUIFUND EQUITY TRUST
497, 2000-06-29
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                            Supplement to Prospectus
                                       of
                         Wright EquiFund-Hong Kong/China
                              Wright EquiFund-Japan
                             Wright EquiFund-Mexico
                           Wright EquiFund-Netherlands
                                dated May 1, 2000

         Effective as of the date of this  Supplement, the  Redemption  Fee Box
         under the  caption  "Selling  Shares" on page 11 of the Prospectus  is
         replaced by the following:


                               Redemption Fee

         If you redeem shares purchased after July 1, 2000 within three
         months after purchase, you will pay a redemption fee of 2.00%.
         These redemption fees may be waived on shares purchased for
         Wright's investment advisory clients.

     The following  revisions are made to the Shareholder  Fees disclosure under
     the caption  "Fees and  Expenses" on pages 3, 5, 7 and 9,  respectively,
     of the Prospectus:



    Shareholder Fees(1)
-------------------------------------------------------------------------------

  (paid directly from your investment)    Maximum redemption fee          2.00%
                                        (% of redemption proceeds)

-------------------------------------------------------------------------------

 (1) A  redemption fee applies if you redeem your shares within three
     months of purchase.






         July 1, 2000



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