THE STYLE MANAGER FUND
THE STYLE MANAGER: LARGE CAP FUND
(PORTFOLIOS OF THE VIRTUS FUNDS)
SUPPLEMENT TO THE TRUST SHARES COMBINED PROSPECTUS DATED NOVEMBER 30, 1995
AND THE INVESTMENT SHARES COMBINED PROSPECTUS DATED NOVEMBER 30, 1995,
REVISED DECEMBER 29, 1995 AND
MARCH 15, 1996.
The Style Manager Fund (`Style Manager'') and The Style Manager: Large Cap
Fund (`Large Cap'') have called a Special Meeting of Shareholders on or
about October 21, 1996 to seek approval of the following items:
A new sub-advisory agreement between Virtus Capital Management, Inc.
(``VCM') and Trend Capital Management, Inc. (``Trend''), on behalf of
Style Manager and Large Cap and
An amendment to the Investment Advisory Contract between VCM and The
Virtus Funds on behalf of Style Manager, increasing the advisory fee
payable by Style Manager to VCM to 1.25% of the average daily net
assets of Style Manager, from 1.00% of assets.
September 9, 1996
Federated Securities Corp. is the distributor of the Funds
and is a subsidiary of Federated Investors.
Cusip 927913806
Cusip 927913848
G01817-02 (9/96)
