DELAWARE POOLED TRUST INC
497, 1999-08-20
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<PAGE>

SUPPLEMENT TO THE CURRENT PROSPECTUS
- --------------------------------------------------------------------------------
DELAWARE POOLED TRUST, INC.                                      AUGUST 18, 1999

The following supplements the information in the Prospectus regarding The
Emerging Markets Portfolio.

COMPARATIVE PERFORMANCE
- --------------------------------------------------------------------------------
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 Investments' 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 and two-year period ended June 30, 1999, and for
the period from the commencement of its operations on April 14, 1997 through
June 30, 1999. The Institutional Class of the G&I Emerging Markets Fund has
achieved the performance set forth below for the one-year period, two-year
period and three-year period ended June 30, 1999, for the period from April 14,
1997 through June 30, 1999, and for the period from the commencement of its
operations on June 10, 1996 through June 30, 1999. Performance information for
the Morgan Stanley Capital International Emerging Markets Free Index, an
unmanaged index, has also been provided.

<TABLE>
<CAPTION>
   The Emerging Markets                   G&I Emerging                          MSCI Emerging
   Portfolio of DPT(1,2)                Markets Fund(1,3)                  Markets Free Index(1,4)
- ----------------------------       ----------------------------         ----------------------------
<S>                   <C>                                <C>                                 <C>
One Year ..........   7.11%        One Year ..........   5.96%          One Year ..........  28.72%
Two Year .......... (16.48%)       Two Year .......... (18.11%)         Two Year .......... (11.45%)
4/14/97-6/30/99 ... (10.61%)       4/14/97-6/30/99 ... (11.47%)         4/30/97-6/30/99 ...  (7.24%)
                                   Three Year ........  (4.85%)         Three Year ........  (4.00%)
                                   Lifetime ..........  (4.61%)         6/30/96-6/30/99 ...  (4.00%)
</TABLE>
- -------------------
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 and two-year period ended June 30, 1999, and for the
     lifetime period from the commencement of operations on April 14, 1997
     through June 30, 1999 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%. In the absence of such
     waivers, performance would have been reduced.
3.   The performance presented is the average annual total return for the
     one-year period, two-year period and three-year period ended June 30, 1999,
     for the period from April 14, 1997 through June 30, 1999, and for the
     lifetime period from the commencement of operations on June 10, 1996
     through June 30, 1999 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. 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 1.70%. In the absence of such
     waiver, performance would have been reduced.
4.   The performance presented is the average annual total return for the
     one-year period, two-year period and three-year period ended June 30, 1999,
     for the period from April 30, 1997 through June 30, 1999, and for the
     period from June 30, 1996 through June 30, 1999 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
- --------------------------------------------------------------------------------
DELAWARE POOLED TRUST, INC.                                      AUGUST 18, 1999

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
- --------------------------------------------------------------------------------
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 extent 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 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, 1999

<TABLE>
<CAPTION>
      G&I Emerging Markets Fund(1)      Lipper Emerging Markets Fund Average(2)          MSCI Emerging Markets Free Index(3)
 <S>             <C>                                      <C>                                             <C>
Jun-96         10,000                                  10,000                                          10,000
Jul-96          9,582                                   9,418                                           9,317
Aug-96         10,000                                   9,681                                           9,556
Sep-96         10,030                                   9,750                                           9,639
Oct-96          9,850                                   9,496                                           9,381
Nov-96          9,940                                   9,708                                           9,539
Dec-96         10,101                                   9,877                                           9,582
Jan-97         11,066                                  10,620                                          10,235
Feb-97         11,538                                  10,991                                          10,673
Mar-97         11,327                                  10,738                                          10,393
Apr-97         11,628                                  10,770                                          10,411
May-97         12,100                                  11,207                                          10,709
Jun-97         12,844                                  11,783                                          11,282
Jul-97         12,995                                  12,111                                          11,450
Aug-97         12,020                                  10,918                                           9,994
Sep-97         12,553                                  11,350                                          10,271
Oct-97         10,744                                   9,561                                           8,585
Nov-97         10,301                                   9,206                                           8,272
Dec-97         10,259                                   9,309                                           8,471
Jan-98          9,462                                   8,629                                           7,807
Feb-98         10,775                                   9,413                                           8,622
Mar-98         10,980                                   9,772                                           8,996
Apr-98         10,991                                   9,836                                           8,898
May-98          9,548                                   8,581                                           7,679
Jun-98          8,127                                   7,800                                           6,873
Jul-98          8,277                                   8,060                                           7,091
Aug-98          5,834                                   5,798                                           5,041
Sep-98          6,178                                   6,011                                           5,361
Oct-98          6,544                                   6,542                                           5,925
Nov-98          7,050                                   6,953                                           6,418
Dec-98          6,545                                   6,893                                           6,325
Jan-99          5,966                                   6,862                                           6,223
Feb-99          6,163                                   7,112                                           6,284
Mar-99          6,862                                   7,448                                           6,723
Apr-99          7,856                                   8,457                                           7,992
May-99          7,801                                   8,374                                           7,945
Jun-99          8,610                                   9,375                                           8,847
</TABLE>

 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 86 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
- --------------------------------------------------------------------------------
JUNE 30, 1996 - JUNE 30, 1999

<TABLE>
<CAPTION>
     Delaware Pooled Trust, Inc.                                                                           G&I Emerging Markets Fund
     The Emerging Markets Portfolio     G&I Emerging Markets Fund     MSCI Emerging Markets Free Index     Relative Return*
     ------------------------------     -------------------------     --------------------------------     -------------------------
<S>                <C>                             <C>                              <C>                             <C>
Jul-96                                            -4.2                             -6.8                             2.8
Aug-96                                             4.4                              2.6                             1.8
Sep-96                                             0.3                              0.9                            -0.6
Oct-96                                            -1.8                             -2.7                             0.9
Nov-96                                             0.9                              1.7                            -0.8
Dec-96                                             1.6                              0.5                             1.2
Jan-97                                             9.6                              6.8                             2.6
Feb-97                                             4.3                              4.3                             0
Mar-97                                            -1.8                             -2.6                             0.8
Apr-97                                             2.7                              0.2                             2.5
May-97             4.6                             4.1                              2.9                             1.2
Jun-97             5.9                             6.2                              5.4                             0.8
Jul-97             0.4                             1.2                              1.5                            -0.3
Aug-97            -8.4                            -7.5                            -12.7                             6
Sep-97             4.9                             4.4                              2.8                             1.6
Oct-97           -14.7                           -14.4                            -16.4                             2.4
Nov-97            -2.7                            -4.1                             -3.7                            -0.5
Dec-97             0.5                            -0.4                              2.4                            -2.8
Jan-98            -5.4                            -7.8                             -7.8                             0.1
Feb-98            11.2                            13.9                             10.4                             3.1
Mar-98             1.8                             1.9                              4.3                            -2.3
Apr-98             0.3                             0.1                             -1.1                             1.2
May-98           -12.3                           -13.1                            -13.7                             0.7
Jun-98           -14                             -14.9                            -10.5                            -4.9
Jul-98             2.1                             1.9                              3.2                            -1.3
Aug-98           -27.5                           -29.5                            -28.9                            -0.9
Sep-98             4.9                             5.9                              6.3                            -0.4
Oct-98             5.2                             5.9                             10.5                            -4.2
Nov-98             7.4                             7.7                              8.3                            -0.5
Dec-98            -8.4                            -7.2                             -1.5                            -5.8
Jan-99           -10.2                            -8.9                             -1.6                            -7.4
Feb-99             3.6                             3.3                              1                               2.3
Mar-99            13.2                            11.4                             13.2                            -1.6
Apr-99            14.9                            14.5                             12.4                            13.6
May-99            -1.6                            -0.7                             -0.6                            -1.0
Jun-99            12.0                            10.4                             11.4                            12.0
</TABLE>

- -------------------
*    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>


<TABLE>
<CAPTION>
DEFENSIVE CHARACTERISTICS(1)
- ---------------------------------------------------------------------------------------------------------------------------------
JUNE 30, 1996 - JUNE 30, 1999
                                          G & I EMERGING             MSCI EMERGING               US CONSUMER           NUMBER OF
                                          MARKETS FUND(2)        MARKETS FREE INDEX(3)          PRICE INDEX(4)           MONTHS
                                          ---------------        ---------------------          --------------         ----------
<S>                                           <C>                       <C>                          <C>
BULL MARKET PERFORMANCE                       203.7%                    195.4%                                             22

BEAR MARKET PERFORMANCE                       -71.7%                    -70.1%                                             14

TOTAL PERFORMANCE (ANNUALIZED)(5)              -4.9%                     -4.0%                        2.0%                 36


</TABLE>

- -------------------
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 compound 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 + 2.037) x (1 - 0.717) =
     0.859 or (4.87%) annualized.


<PAGE>

COMPARATIVE ANNUALIZED PERFORMANCE
AGAINST COMPETITORS(1)
- --------------------------------------------------------------------------------
JUNE 30, 1996 - JUNE 30, 1999

Maximum                                           6.8%

25th Percentile                                  -0.6%

Median                                           -2.7%

MSCI Emerging Markets Free Index(3)              -4.0%

G & I Emerging Markets Fund(2)                   -4.9%

75th Percentile                                  -5.0%

Minimum                                         -16.6%

- -------------------
1.   Percentile, Maximum, Median and Minimum data are from Lipper Emerging
     Markets Equity Fund universe, consisting of 56 funds during the measurement
     period. Multiple share classes are combined and regional or country funds
     are excluded.
2.   Performance represents the compound total return of the Delaware Group
     Global & International Funds, Inc. Emerging Markets Fund (the "G & I
     Emerging Markets Fund") Institutional Class for the period June 30, 1996 to
     June 30, 1999 and is net of management fees and fund expenses. The average
     annual total return for the lifetime period from the commencement of
     operations on June 10, 1996 through June 30, 1999 is (4.61%), for the
     one-year period ended June 30, 1999 is 5.96%, for the two-year period ended
     June 30, 1999 is (18.11%) and for the three-year period ended June 30, 1999
     is (4.85%). Past performance may not be indicative of future results.
3.   Morgan Stanley Capital International Emerging Markets Free Index is an
     unmanaged index of emerging markets stocks. Performance represents the
     compound total return of the Index and has not been adjusted to reflect
     management fees or other expenses.



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