<PAGE>
Supplement to the Current Prospectus
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Delaware Pooled Trust, Inc. August 17, 1998
The following supplements the information in the section of the Prospectus
entitled Performance Information.
Comparative Performance
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The Emerging Markets Portfolio of Delaware Pooled Trust, Inc. ("The Emerging
Markets Portfolio of DPT") commenced operations on April 14, 1997. Delaware
International Advisers Ltd. ("Delaware International"), the investment adviser
to The Emerging Markets Portfolio of DPT, also serves as investment manager to
Delaware Investment's Emerging Markets Fund (the "G&I Emerging Markets Fund"),
which is an investment series of Delaware Group Global & International
Funds, Inc. Shares of the G&I Emerging Markets Fund were initially offered to
the public on June 10, 1996. Except as set forth below, The Emerging Markets
Portfolio of DPT and the G&I Emerging Markets Fund are managed with
substantially similar investment objectives, policies and strategies.
The Emerging Markets Portfolio of DPT has achieved the performance set forth
below for the one year period ended June 30, 1998, and for the period from the
commencement of its operations on April 14, 1997 through June 30, 1998,. The
Institutional Class of the G&I Emerging Markets Fund has achieved the
performance set forth below for the period from April 14, 1997 through June 30,
1998, the one-year period ended June 30, 1998, and the period from the
commencement of operations on June 10, 1996 through June 30, 1998. Performance
information for the Morgan Stanley Capital International Emerging Markets Free
Index, an unmanaged index, has also been provided.
The Emerging Markets G&I Emerging MSCI Emerging
Portfolio of DPT(1),(2) Markets Fund(1),(3) Markets Free Index(1),(4)
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One Year ....... (34.87%) One Year ....... (36.73%) One Year ........ (39.08%)
4/14/97-6/30/98 (22.99%) 4/14/97-6/30/98 (23.92%) 4/30/97-6/30/98 . (29.95%)
Lifetime ....... (9.38%) 6/30/96-6/30/98 . (17.09%)
(1) Return and share value fluctuate so that shares, when redeemed, may be
worth more or less than their original cost. Past performance is not a
guarantee of future results.
(2) The performance presented is the average annual total return for the
one-year period ended June 30, 1998, and for the lifetime period from the
commencement of operations on April 14, 1997 through June 30, 1998 for The
Emerging Markets Portfolio of DPT. During the period presented, Delaware
International voluntarily waived its investment management fee and/or paid
fund expenses to the extent necessary to limit total fund operating
expenses to no more than 1.55%.
(3) The performance presented is the average annual total return for the
one-year period ended June 30, 1998, for the period from April 14, 1997
through June 30, 1998, and for the lifetime period from the commencement of
operations on June 10, 1996 through June 30, 1998 for the G&I Emerging
Markets Fund Institutional Class, which is available only to certain
eligible investors. The G&I Emerging Markets Fund also offers an A Class, B
Class and C Class. The performance of the A Class, B Class, and C Class
varies from the performance of the Institutional Class due to varying
expenses to the extent necessary to limit total fund operating expenses to
no more than 1.70%.
(4) The performance presented is the average annual total return for the
one-year period ended June 30, 1998, for the period from April 14, 1997
through June 30, 1998, and for the period from June 30, 1996 through June
30, 1998 for the Morgan Stanley Capital International Emerging Markets Free
Index, an unmanaged index of emerging market stocks. Performance of the
index has not been adjusted to reflect fees or expenses.
<PAGE>
Supplement to the Current Prospectus
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Delaware Pooled Trust, Inc. August 17, 1998
The performance of the G&I Emerging Markets Fund has been presented to provide
investors with additional information on which to base their investment
decision. Emerging markets investment performance can be volatile and should
be evaluated over a multi-year period. The performance of the G&I Emerging
Markets Fund is not the performance of The Emerging Markets Portfolio of DPT
and should not be considered as a substitute for the performance of The
Emerging Markets Portfolio of DPT. The performance of the G&I Emerging Markets
Fund should not be considered indicative of the past or future performance of
The Emerging Markets Portfolio of DPT.
The charts on the following pages contain certain additional performance
information. For a description of the differences between The Emerging Markets
Portfolio of DPT and the G&I Emerging Markets Fund, see Differences Between
Funds.
Differences Between Funds
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The investment objective of The Emerging Markets Portfolio of DPT is identical
to the investment objective of the G&I Emerging Markets Fund and the two funds
invest in substantially similar securities. Investment strategies for the two
funds will be substantially similar; however, because of the nature of investors
in The Emerging Markets Portfolio of DPT, cash flows tend to be substantial and
irregular, while cash flows in the G&I Emerging Markets Fund tend to be more
regular and in smaller amounts. The differences in cash flows may affect the
timing of investment decisions, the relative speed with which such decisions may
be implemented, the investments held by each Fund from time to time, and,
consequently, performance. In addition, investments may be made for each fund
during varying market conditions.
Shares of each of The Emerging Markets Portfolio of DPT and the G&I Emerging
Markets Fund Institutional Class may be purchased and sold without the
imposition of a sales charge; however, investors in The Emerging Markets
Portfolio of DPT are subject to a purchase reimbursement fee and a redemption
reimbursement fee equal in each case to 0.75% (as a percentage of the dollar
amount purchased or redeemed). The reimbursement fees, which are paid directly
to The Emerging Markets Portfolio of DPT, are designed to reflect an
approximation of the brokerage and related transaction costs associated with the
investment of an investor's purchase amount or the disposition of assets to meet
redemptions, and to limit the extend to which The Emerging Markets Portfolio of
DPT and its existing shareholders would have to bear such costs. The G&I
Emerging Markets Fund does not assess reimbursement fees; therefore, all
transaction costs associated with purchases and redemptions are borne by the G&I
Emerging Markets Fund.
After giving effect to voluntary expense limitations described in each fund's
prospectus, the total operating expenses of The Emerging Markets Portfolio of
DPT during the current fiscal year are not expected to exceed 1.55% of the
average net assets of the Portfolio, compared to 1.70% for the Institutional
Class of the G&I Emerging Markets Fund. A component of the total operating
expenses is the investment management fee payable to Delaware International,
which is currently subject to a limit of 1.00% for The Emerging Markets
Portfolio of DPT compared to a maximum fee of 1.25% for the G&I Emerging Markets
Fund.
<PAGE>
Growth of $10,000 Investment
Distributions Reinvested June 10, 1996 - June 30, 1998
G & I Lipper Emerging MSCI Emerging
Emerging Markets Markets Fund Markets Free
Fund(1) Average(2) Index(3)
6/96 $10,000 $10,000 $10,000
7/96 $ 9,582 $ 9,418 $ 9,317
8/96 $10,000 $ 9,681 $ 9,556
9/96 $10,030 $ 9,750 $ 9,639
10/96 $ 9,850 $ 9,496 $ 9,381
11/96 $ 9,940 $ 9,708 $ 9,539
12/96 $10,101 $ 9,877 $ 9,582
1/97 $11,066 $10,620 $10,235
2/97 $11,538 $10,991 $10,673
3/97 $11,327 $10,738 $10,393
4/97 $11,628 $10,770 $10,411
5/97 $12,100 $11,207 $10,709
6/97 $12,844 $11,783 $11,282
7/97 $12,995 $12,111 $11,450
8/97 $12,020 $10,918 $ 9,994
9/97 $12,553 $11,350 $10,271
10/97 $10,744 $ 9,561 $ 8,585
11/97 $10,301 $ 9,206 $ 8,272
12/97 $10,259 $ 9,309 $ 8,471
1/98 $ 9,462 $ 8,629 $ 7,807
2/98 $10,775 $ 9,413 $ 8,622
3/98 $10,980 $ 9,772 $ 8,996
4/98 $10,991 $ 9,836 $ 8,898
5/98 $ 9,548 $ 8,581 $ 7,679
6/98 $ 8,127 $ 7,800 $ 6,873
Chart assumes $10,000 invested on June 10, 1996 and includes the effect of the
reinvestment of all dividends and capital gains.
(1) Performance of Delaware Group Global & International Funds, Inc. Emerging
Markets Fund (the "G & I Emerging Markets Fund") Institutional Class, net
of management fees and expenses. Past performance may not be indicative of
future results.
(2) Performance of the Lipper Emerging Markets Equity Fund Universe consisting
of between 55 and 79 funds during the measurement period. Multiple share
classes are combined and regional or country funds are excluded.
(3) Morgan Stanley Capital International Emerging Markets Free Index, an
unmanaged index of emerging markets stocks. The performance of the Index
has not been adjusted to reflect management fees or other expenses.
<PAGE>
Monthly Results
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G & I Emerging Markets Fund June 30, 1996 - June 30, 1998
G & I
Delaware Pooled G & I MSCI Emerging Emerging
Trust, Inc. - Emerging Markets Markets Fund
The Emerging Markets Free Relative
Markets Portfolio Fund Index Return*
7/96 -4.2% -6.8% 2.8%
8/96 4.4% 2.6% 1.8%
9/96 0.3% 0.9% -0.6%
10/96 -1.8% -2.7% 0.9%
11/96 0.9% 1.7% -0.8%
12/96 1.6% 0.5% 1.2%
1/97 9.6% 6.8% 2.6%
2/97 4.3% 4.3% 0.0%
3/97 -1.8% -2.6% 0.8%
4/97 2.7% 0.2% 2.5%
5/97 4.6% 4.1% 2.9% 1.2%
6/97 5.9% 6.2% 5.4% 0.8%
7/97 0.4% 1.2% 1.5% -0.3%
8/97 -8.4% -7.5% -12.7% 6.0%
9/97 4.9% 4.4% 2.8% 1.6%
10/97 -14.7% -14.4% -16.4% 2.4%
11/97 -2.7% -4.1% -3.7% -0.5%
12/97 0.5% -0.4% 2.4% -2.8%
1/98 -5.4% -7.8% -7.8% 0.1%
2/98 11.2% 13.9% 10.4% 3.1%
3/98 1.8% 1.9% 4.3% -2.3%
4/98 0.3% 0.1% -1.1% 1.2%
5/98 -12.3% -13.1% -13.7% 0.7%
6/98 -14.0% -14.9% -10.5% -4.9%
* G & I Emerging Markets Fund Relative Return is the geometric difference
between the monthly performance of the Delaware Group Global &
International Funds, Inc. Emerging Markets Fund (the "G & I Emerging
Markets Fund") Institutional Class, net of management fees and expenses,
and the Morgan Stanley Capital International Emerging Markets Free Index,
an unmanaged index of emerging markets stocks. For example, (1.044 / 1.026)
- 1 = 1.8%. Performance of the Index has not been adjusted to reflect
management fees or other expenses. Past performance may not be indicative
of future results.
<PAGE>
Defensive Characteristics(1)
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June 30, 1996 - June 30, 1998
G & I MSCI US
Emerging Emerging Consumer
Markets Markets Price
Fund(2) Free Index(3) Index(4)
Bull Market 69.8% 57.3%
Bear Market -52.1% -56.3%
Total Performance (Annualized)(5) -9.9% -17.1% 2.0%
Bull Market Performance Bear Market Total Performance
Performance (Annualized)
Number of Months
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14 10 24
(1) A Bull Market month is defined as one in which the MSCI EMF Index showed a
positive US dollar return, and a Bear Market month as one in which the MSCI
EMF Index showed a negative US dollar return. Bull Market Performance and
Bear Market Performance have not been annualized. Past performance may not
be indicative of future results.
(2) Compound total return of Delaware Group Global & International Funds, Inc.
Emerging Markets Fund (the "G & I Emerging Markets Fund") Institutional
Class, net of management fees and expenses.
(3) Morgan Stanley Capital International Emerging Markets Free Index is an
unmanaged index of emerging markets stocks. The com-pound total return of
the Index has not been adjusted to reflect management fees or other
expenses.
(4) Source: United States Bureau of Labor Statistics. Data is for Consumer
Price Index - All Urban Consumers.
(5) Total performance is calculated as the compound product of the Bull Market
period and the Bear Market period. For example, the G & I Emerging Markets
Fund performance is calculated as follows:
(1.698) x (1 - 0.521) = (1 - 0.813) or (9.9%) annualized.
