LIMITED TERM NEW YORK MUNICIPAL FUND
Supplement dated June 15, 2000 to the
Prospectus dated April 28, 2000
In order to correct typographical errors, the Prospectus is amended as follows:
1. The introductory phrase of the second sentence of the second paragraph ("What
Does the Fund Mainly Invest In?") on page 3 is revised as follows:
Under normal market conditions, as a fundamental policy, the Fund invests
at least 95% of its net assets in securities issued by:
The remainder of that sentence remains unchanged.
2. The following sentence is added to the beginning of the fourth paragraph on
page 3:
Under normal market conditions, at least 95% of the Fund's assets that are
invested in New York municipal securities will be invested in
investment-grade New York municipal securities.
June 15, 2000 PS0355.005
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LIMITED TERM NEW YORK MUNICIPAL FUND
Supplement dated June 15, 2000 to the
Statement of Additional Information dated April 28, 2000
The Statement of Additional Information is amended as follows:
3. The first sentence of the section captioned "Special Risks of Lower-Grade
Securities" on page 8 is replaced by the following sentence:
Up to 5% of the Fund's assets that are invested in New York municipal
obligations (as defined in the Prospectus) may be invested in New York
municipal obligations rated below investment grade.
June 15, 2000 PX0355.006
