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HERITAGE SERIES TRUST SMALL CAP STOCK FUND Supplement dated August 14, 1995 to the Prospectus dated April 3, 1995 The first paragraph on page 17 should be replaced by the following: Brokerage Practices. The Fund may use the Distributor as broker for agency transactions in listed and over-the-counter securities at commission rates and under circumstances consistent with the policy of best price and execution. See "Brokerage Practices" in the SAI. <PAGE>
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