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SUPPLEMENT DATED APRIL 21, 1998 TO THE
PROSPECTUSES DATED MARCH 1 AND MARCH 31, 1998
OF RYDEX SERIES TRUST
6116 EXECUTIVE BLVD., SUITE 400
ROCKVILLE, MD 20852
The supplement supersedes and replaces any existing supplements to each
prospectus. This supplement provides new and additional information beyond that
contained in each prospectus. It should be retained and read in conjunction
with each prospectus.
As of April 21, 1998, the following Rydex Sector Funds had commenced operations:
Banking Basic Materials Energy
Biotechnology Electronics Health Care
Energy Services Transportation Technology
Retailing Telecommunications
Leisure Financial Services
Rydex Series Trust (the "Trust") will not commence the continuous offering of
Investor Class or Advisor Class shares of any remaining Sector Fund unless the
subscriptions for that Fund equal at least $5 million. The Trust is soliciting
subscriptions for both Investor Class shares and Advisor Class shares of the
following Sector Funds until such Funds have subscriptions of at least $5
million:
Consumer Products
Prior to investing or sending money, please call 1-800-717-7776 and select
"Sector Funds Information" to find out which Sector Funds are open. To purchase
a Sector Fund that has commenced operations, see "HOW TO INVEST IN THE FUNDS."
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
