Supplement to Prospectus
of
Wright Selected Blue Chip Portfolio
Wright International Blue Chip Portfolio
dated May 1, 2000
Effective as of the date of this Supplement, the above Prospectus is
revised as follows:
1. The disclosure relating to Wright Selected Blue Chip
Portfolio under the caption "Principal Investment Strategies"
on page 2 of the Prospectus is revised as follows:
The fund invests at least 80% of its net assets in the equity
securities of well-established quality companies on the AWIL.
Wright also considers benchmark weightings and which
industries or sectors will perform best. Wright selects only
those companies whose current operations reflect defined,
quantified characteristics which Wright believes are likely to
provide comparatively superior total investment return.
Wright considers recent valuations and price/earnings momentum
when deciding which companies present the best value in terms
of current price, and current and forcasted earnings. Selected
companies may or may not currently pay dividends on their
shares. At the end of 1999, the fund's median market
capitalization was that of a mid-cap fund. Professional
investment personnel characterize the fund as a blend of
growth and value. The fund attempts to outperform the Standard
& Poor's Mid-Cap 400 Index (S&P Mid-Cap 400).
Typically, the fund sells an individual security when it is no
longer eligible for inclusion in the AWIL, or it ceases to
meet the investment criteria.
When the market is unfavorable, the fund's assets may be held
in cash or invested in short-term obligations without limit.
Although the fund would do this to reduce losses, defensive
investments may conflict with and hurt the fund's efforts
to achieve its investment objective.
The fund's objective may be changed by the trustees without
shareholder approval.
2. The disclosure relating to Wright Selected Blue Chip
Portfolio under the caption "Past Performance" on page 3 of
the Prospectus is revised by the deletion of the second
sentence of the paragraph following the bar chart.
3. The disclosure relating to Wright International Blue Chip
Portfolio under the caption "Principal Investment Strategies"
on page 4 of the Prospectus is revised by the deletion of the
following disclosure:
"The fund invests no more than 20% of its assets in any one
country."
July 1, 2000
<PAGE>
Supplement to Statement of Additional Information
of
Wright Selected Blue Chip Portfolio
Wright International Blue Chip Portfolio
dated May 1, 2000
Effective as of the date of this Supplement, the above Statement of
Additional Information is revised as follows:
The last paragraph under the disclosure for Wright Selected Blue Chip
Portfolio on page 2 of the Statement of Additional Information is
revised to read:
"The equity securities in which WSBCP invests are
limited to those companies on the AWIL whose current
operations reflect characteristics which have been identified
by the investment adviser as being likely to provide
comparatively superior total investment return over the
intermediate term. WSBCP purchases securities which meet
WSBCP's investment criteria. Portfolio securities are
generally considered for sale if such securities are no longer
included in the AWIL or no longer meet WSBCP's investment
criteria."
July 1, 2000
