DELAWARE POOLED TRUST, INC.
SUPPLEMENT TO PROSPECTUS DATED AUGUST 31, 1998
The following table replaces the Annual Fund Operating Expenses
under Fund Expenses for The Real Estate Investment Trust
Portfolio:
Annual Fund Operating Expenses The Real Estate
(as a percentage of Investment Trust
average daily net assets) Portfolio
Investment Advisory Fees
After Voluntary Waiver 0.67%*
12b-1 Fees None
Other Expenses 0.28%*
Total Fund Operating
Expenses After Voluntary
Waiver 0.95%*
*Beginning November 11, 1998, Delaware has elected voluntarily to
waive that portion, if any, of the annual Investment Advisory
Fees payable by The Real Estate Investment Trust Portfolio and to
pay the Portfolio's expenses to the extent necessary to ensure
that Total Operating Expenses of the Portfolio on an annualized
basis (exclusive of taxes, interest, brokerage commissions and
extraordinary expenses) do not exceed 0.95%, as a percentage of
average daily net assets, through April 30, 1999. Prior to
November 11, 1998, Delaware's voluntary commitments of waiver and
payment were different from those currently in effect for the
Portfolio. The expense information in the Prospectus appearing
in the Annual Fund Operating Expenses table for the Portfolio has
been restated to reflect the current fees. Total Operating
Expenses as of October 31, 1998 would have been 1.03% and
Investment Advisory Fees would have been 0.75% without the
voluntary waiver and payment commitments.
Delaware or, as relevant, Delaware International has extended
each of the other voluntary waivers and payments stated in the
Prospectus for the other portfolios through April 30, 1999.
The following revises the information in the example of expenses
for The Real Estate Investment Trust Portfolio:
For the Real Estate Investment Trust Portfolio, the
following example illustrates the expenses that you would incur
on a $1,000 investment, assuming (1) a 5% annual rate of return,
and (2) redemption at the end of each time period. The following
example also assumes the voluntary waiver of the Investment
Advisory Fees by Delaware as noted above.
1 year 3 years 5 years 10 years
$10 $30 $53 $117
REIT FUND
CLASS A SHARES, CLASS B SHARES, CLASS C SHARES
SUPPLEMENT TO PROSPECTUS DATED DECEMBER 24, 1997
The following replaces the Annual Operating Expenses table under
Summary of Expenses:
Annual Operating Expenses Class Class Class
(as a percentage of average A B C
daily net assets) Shares Shares Shares
_________________________________________________________________
Management Fees
(after voluntary waivers) 0.67%+ 0.67%+ 0.67%+
12b-1 Expenses
(including service fees) 0.25%++ 1.00%++ 1.00%++
Other Operating Expenses 0.28%+ 0.28%+ 0.28%+
Total Operating Expenses
(after voluntary waivers) 1.20%+ 1.95%+ 1.95%+
+ Beginning November 11, 1998, the Manager has elected
voluntarily to waive that portion, if any, of the annual
Management Fees payable by the Fund and to pay the Fund's
expenses to the extent necessary to ensure that Total Operating
Expenses of the Fund on an annualized basis (exclusive of taxes,
interest, brokerage commissions, extraordinary expenses and 12b-1
expenses) do not exceed 0.95%, as a percentage of average daily
net assets, through April 30, 1999. Prior to November 11, 1998,
the Manager's voluntary commitments of waiver and payment were
different from those currently in effect for the Fund. The
expense information in the Prospectus appearing in the Annual
Operating Expenses table for the Fund has been restated to
reflect the current fees. Total Operating Expenses for the
fiscal year ended October 31, 1998 would have been 1.28% for
Class A Shares, 2.03% for Class B Shares and 2.03% for Class C
Shares and Management Fees would have been 0.75% without the
voluntary waiver and payment commitments.
++ Class A Shares, Class B Shares and Class C Shares are
subject to separate 12b-1 Plans. Long-term shareholders may pay
more than the economic equivalent of the maximum front-end sales
charges permitted by rules of the National Association of
Securities Dealers, Inc. (the "NASD"). The annual 12b-1 Plan
expenses for Class A Shares have been set by the Board of
Directors at 0.25% of the average daily net assets of such Class.
The maximum annual 12b-1 Plan expenses permitted under the 12b-1
Plan for Class A Shares are 0.30% of the average daily net assets
of such Class.
The following replaces the information in the example of
expenses:
The following example illustrates the expenses that you
would incur on a $1,000 investment, assuming (1) a 5% annual rate
of return, (2) redemption and no redemption at the end of each
time period and (3) for Class B Shares and Class C Shares,
payment of a CDSC, if applicable. The following example also
assumes the voluntary waiver of the Management Fees by the
Manager as noted above.
Assuming Redemption
1 year 3 years 5 years 10 years
Class A Shares $69(1) $93 $120 $195
Class B Shares $60 $91 $125 $208(2)
Class C Shares $30 $61 $105 $227
Assuming No Redemption
1 year 3 years 5 years 10 years
Class A Shares $69 $93 $120 $195
Class B Shares $20 $61 $105 $208(2)
Class C Shares $20 $61 $105 $227
(1) Generally, no redemption charge is assessed upon redemption
of Class A Shares. Under certain circumstances, however, a
Limited CDSC or other CDSC, which has not been reflected in
this calculation, may be imposed in the event of certain
redemptions.
(2) At the end of approximately eight years after purchase,
Class B Shares will be automatically converted into Class A
Shares. The example above assumes conversion of Class B
Shares at the end of the eighth year. However, the
conversion may occur as late as three months after the
eighth anniversary of purchase, during which time the higher
12b-1 Plan fees payable by Class B Shares will continue to
be assessed. The ten year expense numbers for Class B
Shares reflect the expenses of Class B Shares for year eight
and the expenses of Class A Shares for years nine and ten.
REIT FUND
INSTITUTIONAL CLASS
SUPPLEMENT TO PROSPECTUS DATED DECEMBER 24, 1997
The following replaces the Annual Operating Expenses table under
Summary of Expenses:
Annual Operating Expenses
(as a percentage of average
daily net assets)
_____________________________________________
Management Fees
(after voluntary waivers) 0.67%+
12b-1 Expenses none
Other Operating Expenses 0.28+
Total Operating Expenses
(after voluntary waivers) 0.95%+
+ Beginning November 11, 1998, the Manager has elected
voluntarily to waive that portion, if any, of the annual
Management Fees payable by the Fund and to pay the Fund's
expenses to the extent necessary to ensure that Total Operating
Expenses of the Fund on an annualized basis (exclusive of taxes,
interest, brokerage commissions and extraordinary expenses) do
not exceed 0.95%, as a percentage of average daily net assets,
through April 30, 1999. Prior to November 11, 1998, the
Manager's voluntary commitments of waiver and payment were
different from those currently in effect for the Fund. The
expense information in the Prospectus appearing in the Annual
Operating Expenses table for the Fund has been restated to
reflect the current fees. Total Operating Expenses for the
fiscal year ended October 31, 1998 would have been 1.03% and
Management Fees would have been 0.75% without the voluntary
waiver and payment commitments.
The following revises the information in the example of expenses:
The following example illustrates the expenses that you
would incur on a $1,000 investment, assuming (1) a 5% annual rate
of return, and (2) redemption at the end of each time period.
The following example also assumes the voluntary waiver of the
Management Fees by the Manager as noted above.
1 year 3 years 5 years 10 years
$10 $30 $53 $117
