Lord Abbett Growth & Income Fund
Lord Abbett International Fund
Lord Abbett World Bond-Debenture Fund
Supplement dated August 2, 1999 to
Prospectus dated March 1, 1999
Starting today, each fund has changed the sales charges and dealer's
concessions that apply to certain purchases of their class A shares. The
new amounts are reflected in the following charts, which replace and should
be referred to in lieu of the information in the "Front-End Sales Charges -
Class A Shares" charts in the "Purchases" section of the prospectus and the
Dealer's Concessions information in the "Compensation For Your Dealer"
sections of the prospectus:
Growth & Income Fund
International Fund
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
As a % of As a % of To Compute Offering Dealer's
Your Investment Offering Price Your Investment Price Divide NAV by Concession
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Less than $50,000 5.75% 6.10% .9425 5.00%
- --------------------------------------------------------------------------------------------------------
$50,000 to $99,999 4.75% 4.99% .9525 4.00%
- --------------------------------------------------------------------------------------------------------
$100,000 to $249,999 3.95% 4.11% .9605 3.25%
- --------------------------------------------------------------------------------------------------------
$250,000 to $499,999 2.75% 2.83% .9725 2.25%
- --------------------------------------------------------------------------------------------------------
$500,000 to $999,999 1.95% 1.99% .9805 1.75%
- --------------------------------------------------------------------------------------------------------
$1,000,000 and over No Sales Charge 1.0000 Same as in Prospectus
- --------------------------------------------------------------------------------------------------------
</TABLE>
World Bond-Debenture Fund
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
As a % of As a % of To Compute Offering Dealer's
Your Investment Offering Price Your Investment Price Divide NAV by Concession
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Less than $100,000 4.75% 4.99% .9525 4.00%
- --------------------------------------------------------------------------------------------------------
$100,000 to $249,999 3.95% 4.11% .9605 3.25%
- --------------------------------------------------------------------------------------------------------
$250,000 to $499,999 2.75% 2.83% .9725 2.25%
- --------------------------------------------------------------------------------------------------------
$500,000 to $999,999 1.95% 1.99% .9805 1.75%
- --------------------------------------------------------------------------------------------------------
$1,000,000 and over No Sales Charge 1.0000 Same as in Prospectus
- --------------------------------------------------------------------------------------------------------
</TABLE>
LST-1A
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