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Previous: MORGAN STANLEY DEAN WITTER & CO, 424B3, 1999-03-04 |
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<PAGE>
NICHOLAS | APPLEGATE-Registered Trademark- MUTUAL FUNDS
SUPPLEMENT TO PROSPECTUSES
Class A, B and C Shares dated September 18, 1998
Institutional Shares dated July 24, 1998
Advisory Shares dated July 24, 1998
MARCH 4, 1999
PLEASE REVISE THE "PORTFOLIO TEAMS" SECTION AS FOLLOWS:
Douglas Forsyth is now a member of the Convertible Fund team.
Delete the reference to Sandra Durn as a member of the Convertible Fund team.
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