JUNE 16, 2000
DELAWARE REIT FUND
(A Class, B Class, C Class, Institutional Class)
SUPPLEMENT TO THE PROSPECTUS DATED FEBRUARY 28, 2000
The Prospectus is hereby amended and supplemented by replacing the current
disclosure in the section entitled "Portfolio managers" with the following:
Damon J. Andres and Thomas J. Trotman have primary responsibility for making
day-to-day investment decisions for Delaware REIT Fund.
Damon J. Andres, Vice President/Portfolio Manager, earned a BS in Business
Administration with an emphasis in Finance and Accounting from the University
of Richmond. Prior to joining Delaware Investments in 1994, he provided
investment consulting services as a Consulting Associate with Cambridge
Associates, Inc. in Arlington, Virginia. Mr. Andres has been on the REIT
management team since 1997.
Thomas J. Trotman, Vice President/Portfolio Manager, earned a bachelor's
degree in Accounting from Muhlenberg College and an MBA from Widener
University. Prior to joining Delaware Investments in 1995, he was Vice
President and Director of Investment Research at Independence Capital
Management. Before that, he held credit-related positions at Marine
Midland Bank, U.S. Steel Corporation, and Amerada Hess. Mr. Trotman is a
CFA charterholder. Mr. Trotman has been on the REIT management team since
1998.
JUNE 16, 2000
DELAWARE POOLED TRUST
THE REAL ESTATE INVESTMENT TRUST PORTFOLIO
THE REAL ESTATE INVESTMENT TRUST PORTFOLIO II
SUPPLEMENT TO THE PROSPECTUS DATED FEBRUARY 28, 2000
The Prospectus is hereby amended and supplemented to reflect the following
change to the section entitled "Management of the Fund."
Damon J. Andres and Thomas J. Trotman have primary responsibility for making
day-to-day investment decisions for The Real Estate Investment Trust Portfolios.
Accordingly, all references to The Real Estate Investment Trust Portfolios are
deleted from the biography of "Christopher S. Beck."
