DELAWARE POOLED TRUST
The Select Equity Portfolio
Supplement dated January 10, 2001
to the current Statement of Additional Information
The following supplements the section of the Statement of
Additional Information entitled "INVESTMENT MANAGEMENT AGREEMENTS
AND SUB-ADVISORY AGREEMENTS":
As of January 1, 2001, management of Vantage Investment
Advisors and Delaware Investments have consolidated Vantage into
Delaware. As a result of the consolidation, Vantage no longer
serves as sub-adviser to the Portfolio. The consolidation will
not result in any change in the investment professionals
providing services to the Portfolio. Accordingly, the final
paragraph on page 85 of the Statement of Additional Information
is deleted.
