WRIGHT EQUIFUND EQUITY TRUST
497, 2000-11-17
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                            Supplement to Prospectus

                                       of

                        The Wright EquiFund Equity Trust

                         Wright EquiFund-Hong Kong/China
                              Wright EquiFund-Japan
                             Wright EquiFund-Mexico
                          Wright EquiFund-Netherlands*

                                      Dated
                                   May 1, 2000

                                 As supplemented
                                  July 1, 2000



       The Board of Trustees of The Wright  EquiFund Equity Trust has approved
       the termination and liquidation of Wright EquiFund-Netherlands  series,
       effective December 22, 2000.




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




       November 20, 2000

<PAGE>


                                Supplement to the
                       Statement of Additional Information

                                       of

                        The Wright EquiFund Equity Trust

                         Wright EquiFund-Hong Kong/China
                              Wright EquiFund-Japan
                             Wright EquiFund-Mexico
                          Wright EquiFund-Netherlands*

                                      Dated
                                   May 1, 2000




       The Board of Trustees of The Wright  EquiFund Equity Trust has approved
       the termination and liquidation of Wright EquiFund-Netherlands  series,
       effective December 22, 2000.




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




      November 20, 2000



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