US LARGE STOCK FUND
DEFA14A, 1998-07-10
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                                    RWB/WPG
                             U.S. LARGE STOCK FUND



                                                                    July 9, 1998

Dear Shareholder:

         Several weeks ago, we mailed to you proxy information so that you could
vote on some  important  proposals  that affect your fund. I am reminding you to
vote, if you haven't done so already.  I've enclosed  materials  describing each
proposal and a proxy card to cast your vote.

                            YOUR VOTE IS IMPORTANT.

         We need your  vote  before  the  fund's  special  meeting  is held.  As
previously explained, we believe the proposed transaction with Robeco Groep N.V.
is very much to the benefit of the  shareholders.  The  proposals  listed on the
enclosed  proxy  card  have  been  carefully  reviewed  by the  fund's  Board of
Trustees,  which is responsible  for protecting your interests as a shareholder.
The  Board  believes  that  these  proposals  are  fair and  reasonable,  and it
recommends that you approve them.

                       VOTING BY MAIL IS QUICK AND EASY.
                        EVERYTHING YOU NEED IS ENCLOSED.

         You are  entitled  to one vote for each  share  you own.  To cast  your
ballot,  simply record your vote on the enclosed proxy card. Be sure to sign the
card before mailing it in the postage-paid  envelope  provided.  If you have any
questions before you vote, please call us at 800-223-3332. We'll be glad to help
you get your vote in quickly. Thank you for your participation in this important
initiative.


                                        Sincerely,

                                        /s/ Roger J. Weiss 
                                        Roger J. Weiss
                                        Chairman of the Board of Trustees



P.S.  Your vote is extremely important, no matter how many shares you own.



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