DG EQUITY FUND
(A Portfolio of DG Investor Series)
Supplement to the Combined Prospectus dated June 30, 1997
There will be a special offering period during which shares of the DG Equity
Fund may be purchased with no sales charge. This offering period will end August
31, 1997. The following sections in the Combined Prospectus should be noted in
regard to this offering only for the aforementioned time period: "Summary of
Fund Expenses"; "What Shares Cost"; and "Reducing the Sales Charge."
July 11, 1997
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Cusip 23321N202
G01258-14 (7/97)
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DG INVESTOR SERIES
Federated Investors
Federated Investors Tower
Pittsburgh, Pennsylvania 15222-3779
(412) 288-1900
July 11, 1997
EDGAR Operations Branch
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, Northwest
Washington, DC 20549
RE: DG INVESTOR SERIES
DG Equity Fund
1933 Act File No. 33-46431
1940 Act File No. 811-6607
Dear Sir or Madam:
Pursuant to Rule 497(e) of the Securities Act of 1933, the
Supplement to the Combined Prospectus for DG Equity Fund, a portfolio of DG
Investor Series, dated June 30, 1997, as amended on July 11, 1997, is hereby
electronically transmitted.
If you have any questions regarding this filing, please call me at
(412) 288-8094.
Very truly yours,
/s/ J. Martin Levine
J. Martin Levine
Compliance Analyst
Enclosures
