WRIGHT MANAGED BLUE CHIP SERIES TRUST
497, 2000-09-11
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                            Supplement to Prospectus
                                       of

                    The Wright Managed Blue Chip Series Trust
                                     for the

                   Catholic Values Equity Investment Portfolio
                                dated May 1, 2000



         As  of  the  date  of  this  Supplement,  the  Catholic  Values Equity
         Investment  Portfolio  will no longer be available  for  purchase. The
         portfolio  will be liquidated as of December 15, 2000. The proceeds of
         the liquidation  will be distributed  proportionately  to any remaining
         shareholders of that portfolio.

         Holders of variable  contracts  that use the  portfolios  as investment
         vehicles should contact the insurance  company issuing the contract for
         information about how to change funds underlying their contracts.









         September 12, 2000



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