GARDNER LEWIS INVESTMENT TRUST
The Chesapeake Aggressive Growth Fund
SUPPLEMENT
Dated October 9, 2000
This Supplement to the Prospectus and the Statement of Additional Information of
The Chesapeake Aggressive Growth Fund ("Fund"), a series of the Gardner Lewis
Investment Trust, is to notify potential investors and other interested parties
that as of September 30, 2000, the Fund had substantial net undistributed
realized capital gains which will be distributed to shareholders of record prior
to November 30, 2000. It is important to note that the capital gains
distribution will be taxable to certain shareholders. You should consult your
tax advisor as to how this may affect you. For additional information, please
see the Fund's annual report to shareholders dated August 31, 2000. You may also
contact the Fund at 1-800-430-3863 for further information.
Investors Should Retain This Supplement for Future Reference
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GARDNER LEWIS INVESTMENT TRUST
The Chesapeake Growth Fund
Super-Institutional Shares
Institutional Shares
Class A Investor Shares
SUPPLEMENT
Dated October 9, 2000
This Supplement to the Prospectuses and the Statement of Additional Information
of The Chesapeake Growth Fund ("Fund"), a series of the Gardner Lewis Investment
Trust, is to notify potential investors and other interested parties that as of
September 30, 2000, the Fund had substantial net undistributed realized capital
gains which will be distributed to shareholders of record prior to November 30,
2000. It is important to note that the capital gains distribution will be
taxable to certain shareholders. You should consult your tax advisor as to how
this may affect you. For additional information, please see the Fund's
semi-annual report to shareholders dated August 31, 2000. You may also contact
the Fund at 1-800-430-3863 for further information.
Investors Should Retain This Supplement for Future Reference
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GARDNER LEWIS INVESTMENT TRUST
The Chesapeake Core Growth Fund
SUPPLEMENT
Dated October 9, 2000
This Supplement to the Prospectus and the Statement of Additional Information of
The Chesapeake Core Growth Fund ("Fund"), a series of the Gardner Lewis
Investment Trust, is to notify potential investors and other interested parties
that as of September 30, 2000, the Fund had substantial net undistributed
realized capital gains which will be distributed to shareholders of record prior
to November 30, 2000. It is important to note that the capital gains
distribution will be taxable to certain shareholders. You should consult your
tax advisor as to how this may affect you. For additional information, please
see the Fund's semi-annual report to shareholders dated August 31, 2000. You may
also contact the Fund at 1-800-430-3863 for further information.
Investors Should Retain This Supplement for Future Reference
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