THE STYLE MANAGER FUND
(A PORTFOLIO OF THE VIRTUS FUNDS)
SUPPLEMENT TO THE STYLE MANAGER FUND (FORMERLY THE STRATEGIC STOCK FUND)
PROSPECTUS DATED NOVEMBER 30, 1995.
The Style Manager Fund (`Style Manager'') has called a Special Meeting of
Shareholders on 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
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 27, 1996
Federated Securities Corp. is the distributor of the Funds
and is a subsidiary of Federated Investors.
Cusip 927913806
G01817-03 (9/96)
