Please file this Prospectus Supplement with your records.
STRONG SHORT-TERM GLOBAL BOND FUND
STRONG INTERNATIONAL BOND FUND
STRONG INTERNATIONAL STOCK FUND
STRONG ASIA PACIFIC FUND
Supplement to Prospectus dated March 1, 1997
STRONG SHORT-TERM GLOBAL BOND FUND
Change in Dividend Payments. Effective October 1, 1997, the
Strong Short-Term Global Bond Fund will pay dividends monthly
rather than quarterly. The Fund's last quarterly dividend
payment will be for the three-month period ending September 30,
1997. The Fund's first monthly dividend payment will be for
the month ending October 31, 1997. Dividend checks and
dividend reinvestments will be automatically changed to this
monthly cycle.
The Fund will declare dividends on each day its net asset value
is calculated, except for bank holidays. Net investment income
earned on weekends, holidays (including bank holidays), and
days on which net asset value is not calculated is declared as
a dividend on the day on which the Fund's net asset value was
most recently calculated.
Effects of Foreign Currency on Distributions. The Fund may
(but it is not required to) distribute with its monthly
dividends all or a portion of any net realized gains from
foreign currency transactions. The Fund anticipates that a
monthly dividend may, from time to time, represent more or less
than the amount of net investment income earned by the Fund in
the period to which the dividend relates. Any undistributed
net investment income and net realized gains from foreign
currency transactions ("undistributed income") would be
available to supplement future dividends, which might otherwise
have been reduced by reason of a decrease in the Fund's net
asset value or net realized losses from foreign currency
transactions. Distributions from undistributed income will
reduce the Fund's net asset value.
If the Fund's dividends exceed its taxable income in any year,
which is sometimes the result of foreign currency related
losses, all or a portion of the Fund's dividends may be treated
as a return of capital to shareholders for tax purposes. To
minimize the risk of return of capital, the Fund may adjust its
dividends to take currency fluctuations into account, which may
cause the dividends to vary or to be suspended. Any return of
capital will reduce the cost basis of your shares.
This Prospectus Supplement is dated August 15, 1997.
