NEWPORT TIGER FUND
Class A, B, C and T Sahres
Supplement to Prospectus dated May 3, 1999
Effective immediately, John M. Mussey is no longer a co-manager of the Fund.
Mr. Mussey remains with Newport Pacific Management, Inc. (Newport Pacific)
and Newport Fund Management, Inc. (Newport) as Vice Chairman and as Chairman
of the Investment Strategy Committee.
The sub-caption Portfolio Managers in the Prospectus is revised in its entirety
to reflect portfolio management changes as well as changes to the corporate
titles of Thomas R. Tuttle and Christopher Legallet as follows:
Thomas R. Tuttle, President, of Newport (formerly Senior Vice President), has
co-managed the Fund since 1995. Mr. Tuttle is also President of Newport Pacific
(formerly Senior Vice President), Newport's immediate parent, and has managed
other funds or accounts on their behalf since 1983.
Robert B. Cameron, Senior Vice President of Newport and Newport Pacific, has
co-managed the Fund since October, 1998. Prior to joining Newport in 1996, Mr.
Cameron was a Director of Swiss Bank Corporation and the Head of Asian Equities
at CS First Boston San Francisco.
Christopher Legallet, Senior Vice President and Chief Investment Officer of
Newport and Newport Pacific, has co-managed the Fund since October, 1998. He has
been affiliated with Newport since 1997. Prior to his affiliation with Newport,
Mr. Legallet was a Managing Director of Jupiter Tyndall (Asia) Ltd. in Hong Kong
serving as lead manager for investment in Asia.
NT-36/273H-0699 June 25, 1999
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NEWPORT TIGER FUND
Class Z Shares
Supplement to Prospectus dated May 3, 1999
Effective immediately, John M. Mussey is no longer a co-manager of the Fund.
Mr. Mussey remains with Newport Pacific Management, Inc. (Newport Pacific)
and Newport Fund Management, Inc. (Newport) as Vice Chairman and as Chairman
of the Investment Strategy Committee.
The sub-caption Portfolio Managers in the Prospectus is revised in its entirety
to reflect portfolio management changes as well as changes to the corporate
titles of Thomas R. Tuttle and Christopher Legallet as follows:
Thomas R. Tuttle, President, of Newport (formerly Senior Vice President), has
co-managed the Fund since 1995. Mr. Tuttle is also President of Newport Pacific
(formerly Senior Vice President), Newport's immediate parent, and has managed
other funds or accounts on their behalf since 1983.
Robert B. Cameron, Senior Vice President of Newport and Newport Pacific, has
co-managed the Fund since October, 1998. Prior to joining Newport in 1996, Mr.
Cameron was a Director of Swiss Bank Corporation and the Head of Asian Equities
at CS First Boston San Francisco.
Christopher Legallet, Senior Vice President and Chief Investment Officer of
Newport and Newport Pacific, has co-managed the Fund since October, 1998. He has
been affiliated with Newport since 1997. Prior to his affiliation with Newport,
Mr. Legallet was a Managing Director of Jupiter Tyndall (Asia) Ltd. in Hong Kong
serving as lead manager for investment in Asia.
NT-36/274H-0699 June 25, 1999
