DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS, INC.
INTERNATIONAL EQUITY FUND
Class A Shares, Class B Shares, Class C Shares
SUPPLEMENT DATED DECEMBER 10, 1998
TO PROSPECTUS DATED FEBRUARY 4, 1998
The following revises information under Summary of
Expenses for Class A, Class B and Class C of International
Equity Fund:
Annual Operating Expenses
(as a percentage of average
daily net assets) Class A Class B Class C
Shares Shares Shares
___________________________________________________________
Management Fees(1) 0.75% 0.75% 0.75%
12b-1 Plan Expenses 0.30% 1.00% 1.00%
(including service fees)(2)
Other Operating Expenses(1) 0.64% 0.64% 0.64%
---- ---- ----
Total Operating Expenses(1) 1.69% 2.39% 2.39%
==== ==== ====
(1) Delaware International had 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 the Total Operating Expenses (after voluntary
waivers and payments) of the Fund did not exceed 1.55% on an
annualized basis (exclusive of 12b-1 plan expenses, taxes,
interest, brokerage commissions and extraordinary expenses)
through November 30, 1998. This voluntary waiver and payment
of expenses has not been extended for the Fund. The expense
information in the Prospectus previously appearing in the
Summary of Expenses table for the Fund has been restated to
reflect the current fees and expenses.
(2) 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 following example illustrates the expenses that an
investor would pay on a $1,000 investment over various time
periods, 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 at the time of redemption, if applicable.
Assuming Redemption
International
Equity Fund 1 year 3 years 5 years 10 years
Class A $74(1) $108 $144 $246
Class B $74 $105 $148 $255(2)
Class C $34 $75 $128 $273
Assuming No Redemption
Class A $74 $108 $144 $246
Class B $24 $75 $128 $255(2)
Class C $24 $75 $128 $273
(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 on certain redemptions. See Contingent Deferred
Sales Charge for Certain Redemptions of Class A Shares
Purchased at Net Asset Value under Redemption and Exchange
in the Prospectus.
(2) At the end of approximately eight years after purchase,
Class B Shares of the Fund will be automatically converted
into Class A Shares of the Fund. 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 years one through eight and the
expenses of Class A Shares for years nine and ten. See
Automatic Conversion of Class B Shares under Classes of
Shares for a description of the automatic conversion
feature in the Prospectus.
DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS, INC.
INTERNATIONAL EQUITY FUND
INSTITUTIONAL CLASS
SUPPLEMENT DATED DECEMBER 10, 1998
TO PROSPECTUS DATED FEBRUARY 4, 1998
The following revises information under Summary of
Expenses for the International Equity Fund Institutional Class:
Annual Operating Expenses
(as a percentage of average
daily net assets)
___________________________________
Management Fees(1) 0.75%
12b-1 Plan Expenses None
Other Operating Expenses(1) 0.64%
----
Total Operating Expenses(1) 1.39%
====
(1) Delaware International had 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 the Total Operating Expenses (after voluntary
waivers and payments) of International Equity Fund
Institutional Class did not exceed 1.55% on an annualized basis
(exclusive of taxes, interest, brokerage commissions and
extraordinary expenses) through November 30, 1998. This
voluntary waiver and payment of expenses has not been extended
for the Fund. The expense information in the Prospectus
previously appearing in the Summary of Expenses table for the
Fund has been restated to reflect the current fees and
expenses.
The following example illustrates the expenses that an
investor would pay on a $1,000 investment over various time
periods, assuming (1) a 5% annual rate of return and (2)
redemption at the end of each time period. International
Equity Fund Institutional Class charges no redemption fees.
International Equity Fund
Institutional Class 1 year 3 years 5 years 10 years
$14 $44 $76 $167
GLOBAL BOND FUND
GLOBAL EQUITY FUND
(formerly Global Assets Fund)
EMERGING MARKETS FUND
Class A Shares, Class B Shares, Class C Shares
SUPPLEMENT DATED DECEMBER 10, 1998
TO PROSPECTUS DATED FEBRUARY 4, 1998, AS SUPPLEMENTED
The following replaces information under Summary of
Expenses for the Global Bond Fund:
Annual Operating Expenses
(as a percentage of average Global Bond Fund
daily net assets) Class A Class B Class C
Shares Shares Shares
__________________________________________________________
Management Fees(1) 0.46% 0.46% 0.46%
(after voluntary waivers)
12b-1 Plan Expenses 0.30% 1.00% 1.00%
(including service fees)(2)
Other Operating Expenses(1) 0.54% 0.54% 0.54%
---- ---- ----
Total Operating Expenses(1) 1.30% 2.00% 2.00%
(after voluntary waivers) ==== ==== ====
(1) Beginning December 1, 1998, Delaware International has
elected to voluntarily waive that portion, if any, of the
annual management fees payable by Global Bond Fund and to pay
the Fund's expenses to the extent necessary to ensure that the
Fund's total operating expenses (exclusive of 12b-1 plan
expenses, taxes, interest, brokerage commissions and
extraordinary expenses) do not exceed, on an annualized basis,
1.00% of average daily net assets through May 31, 1999. From
the commencement of operations through November 30, 1998,
Delaware International's voluntary commitments of waiver and
payment were different from those currently in effect for the
Fund. The expense information in the Prospectus previously
appearing in the Summary of Expenses table for the Fund has
been restated to reflect the current fees and expenses. If the
voluntary expense waivers and payments by Delaware
International were not in effect, the Total Operating Expenses,
as a percentage of average daily net assets, would be 1.59% for
Class A Shares, 2.29% for Class B Shares and 2.29% for Class C
Shares, which would include Management Fees of 0.75%.
Delaware International's voluntary waivers and payments of
expenses to limit total operating expenses of Global Equity
Fund (formerly Global Assets Fund) to 1.55% of average daily
net assets and to limit total operating expenses of Emerging
Markets Fund to 1.70% of average daily net assets (in each case
exclusive of 12b-1 plan expenses, taxes, interest, brokerage
commissions and extraordinary expenses) have been extended
through May 31, 1999.
(2) 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 following example illustrates the expenses that an
investor would pay on a $1,000 investment over various time
periods, 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 at the time of redemption, if applicable. The following
example assumes the voluntary waiver of the management fee
and/or payment of expenses by the Delaware International.
Assuming Redemption
Global Bond Fund 1 year 3 years 5 years 10 years
Class A Shares $60(1) $87 $115 $197
Class B Shares $60 $93 $128 $215(2)
Class C Shares $30 $63 $108 $233
Assuming No Redemption
Global Bond Fund 1 year 3 years 5 years 10 years
Class A Shares $60 $87 $115 $197
Class B Shares $20 $63 $108 $215(2)
Class C Shares $20 $63 $108 $233
(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 on certain redemptions. See Contingent Deferred
Sales Charge for Certain Redemptions of Class A Shares
Purchased at Net Asset Value under Redemption and Exchange
in the Prospectus.
(2) At the end of approximately eight years after purchase,
Class B Shares of the Fund will be automatically converted
into Class A Shares of the Fund. 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 years one through eight and the
expenses of Class A Shares for years nine and ten. See
Automatic Conversion of Class B Shares under Classes of
Shares for a description of the automatic conversion
feature in the Prospectus.
GLOBAL BOND FUND
GLOBAL EQUITY FUND
(formerly Global Assets Fund)
EMERGING MARKETS FUND
Institutional Class
SUPPLEMENT DATED DECEMBER 10, 1998
TO PROSPECTUS DATED FEBRUARY 4, 1998, AS SUPPLEMENTED
The following replaces information under Summary of
Expenses for the Institutional Class of the Global Bond Fund:
Annual Operating Expenses
(as a percentage of average daily net assets)
_____________________________________________
Management Fees(1) 0.46%
(after voluntary waivers)
12b-1 Plan Expenses None
Other Operating Expenses(1) 0.54%
----
Total Operating Expenses(1) 1.00%
(after voluntary waivers) ====
(1) Beginning December 1, 1998, Delaware International has
elected to voluntarily waive that portion, if any, of the
annual management fees payable by Global Bond Fund and to pay
the Fund's expenses to the extent necessary to ensure that the
Fund's total operating expenses (exclusive of taxes, interest,
brokerage commissions and extraordinary expenses) do not
exceed, on an annualized basis, 1.00% of average daily net
assets through May 31, 1999. From the commencement of
operations through November 30, 1998, Delaware International's
voluntary commitments of waiver and payment were different from
those currently in effect for the Fund. The expense
information in the Prospectus previously appearing in the
Summary of Expenses table for the Fund has been restated to
reflect the current fees and expenses. If the voluntary
expense waivers and payments by Delaware International were not
in effect, the Total Operating Expenses, as a percentage of
average daily net assets, would be 1.29%, which would include
Management Fees of 0.75%.
Delaware International's voluntary waivers and payments of
expenses to limit total operating expenses of Global Equity
Fund (formerly Global Assets Fund) to 1.55% of average daily
net assets and to limit total operating expenses of Emerging
Markets Fund to 1.70% of average daily net assets (in each case
exclusive of taxes, interest, brokerage commissions and
extraordinary expenses) have been extended through May 31,
1999.
The following example illustrates the expenses that an
investor would pay on a $1,000 investment over various time
periods, assuming (1) a 5% annual rate of return and (2)
redemption at the end of each time period. Global Bond Fund
Institutional Class charges no redemption fees. The following
example assumes the voluntary waiver of the management fee
and/or payment of expenses by the Delaware International.
Global Bond Fund
Institutional Class 1 year 3 years 5 years 10 years
$10 $32 $55 $122
