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NICHOLAS/APPLEGATE-Registered Trademark- mutual funds
SUPPLEMENT TO PROSPECTUSES
Series A, B & C Global Portfolios dated August 2, 1996t
Global Qualified Portfolios dated August 2, 1996
Global Institutional Portfolios dated August 2, 1996
MARCH 3, 1997
The name of the International Growth Fund has been changed to the International
Small Cap Growth Fund, in order to more accurately reflect its investment
policies. The names of each of the International Growth Portfolios have
correspondingly been changed to the International Small Cap Growth Portfolios.
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NICHOLAS/APPLEGATE-Registered Trademark- mutual funds
SUPPLEMENT TO STATEMENTS OF ADDITIONAL INFORMATION
Series A, B, C and Institutional Portfolios dated October 30, 1996
Qualified Portfolios dated August 2, 1996
MARCH 3, 1997
The name of the International Growth Fund has been changed to the International
Small Cap Growth Fund, in order to more accurately reflect its investment
policies. The names of each of the International Growth Portfolios have
correspondingly been changed to the International Small Cap Growth Portfolios.
