GALAXY VIP FUND
497, 1998-08-10
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                              THE GALAXY VIP FUND
 
                         SUPPLEMENT DATED JULY 1, 1998
                       TO PROSPECTUS DATED APRIL 30, 1998
 
GROWTH AND INCOME FUND--PORTFOLIO MANAGER
 
    Effective July 1, 1998, Gregory M. Miller is the portfolio manager of the
Growth and Income Fund. Mr. Miller, a Vice President, has been associated with
Fleet since 1985.


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