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RYDEX SERIES TRUST
INVESTOR SHARES
SUPPLEMENT DATED SEPTEMBER 10, 1998, TO THE
PROSPECTUS DATED AUGUST 1, 1998
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED
IN THE PROSPECTUS. IT SHOULD BE RETAINED AND READ IN CONJUNCTION WITH SUCH
PROSPECTUS.
Please replace the first full paragraph on page 22 of the Prospectus with the
following information:
Investment in the Funds may be made (i) through securities
brokers and dealers or other financial institutions who have the
responsibility to transmit orders promptly and who may charge a
processing fee for purchases, redemptions or exchanges of shares,
or (ii) directly with the Trust by mail or by bank wire transfer as
follows:
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
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RYDEX SERIES TRUST
SUPPLEMENT DATED SEPTEMBER 10, 1998, TO THE
STATEMENTS OF ADDITIONAL INFORMATION DATED
MARCH 31, 1998, AUGUST 1, 1998 AND AUGUST 5, 1998
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED
IN THE STATEMENTS OF ADDITIONAL INFORMATION. IT SHOULD BE RETAINED AND READ
IN CONJUNCTION WITH SUCH STATEMENTS OF ADDITIONAL INFORMATION.
Please replace the section titled "PURCHASE AND REDEMPTION OF SHARES --
REDEMPTIONS IN-KIND" with the following information:
The Trust intends to pay your redemption proceeds in cash.
However, under unusual conditions that make the payment in cash
unwise (and for the protection of the remaining shareholders of the
Fund) the Trust reserves the right to pay all, or part, of your
redemption proceeds in liquid securities with a market value equal
to the redemption price (redemption in-kind). The Trust has elected
to be governed by Rule 18f-1 of the Investment Company Act of 1940
under which the Trust is obligated to redeem shares for any one
shareholder in cash only up to the lesser of $250,000 or 1% of a
Fund's net asset value during any 90-day period. Although it is
highly unlikely that your shares would ever actually be redeemed in
kind, you would probably have to pay brokerage costs to sell the
securities distributed to you.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
