Please file this Prospectus Supplement with your records.
STRONG AMERICAN UTILITIES FUND
STRONG ASSET ALLOCATION FUND
STRONG BLUE CHIP 100 FUND
STRONG EQUITY INCOME FUND
STRONG GROWTH AND INCOME FUND
STRONG LIMITED RESOURCES FUND
STRONG TOTAL RETURN FUND
Supplement to Prospectus dated March 1, 1998
Effective immediately, the Minimum Investment Requirement to open
a regular account is increased (i) in the Strong American
Utilities Fund from $1,000 to $2,500, and (ii) in the Strong
Total Return Fund from $250 to $2,500. This information modifies
the Minimum Investment Requirements found on page II-4 of the
Prospectus under the heading "What You Should Know About Buying
Shares."
The following information updates the performance table found on
page I-33 of the Prospectus under the heading "Historical
Performance Data of Reaves."
Subadvisor's
Equity
Time Period Composite S&P 500(1)
Average Annual Returns (as of
12/31/97)
1 Year 28.3% 33.4%
3 Year 23.9% 31.2%
5 Year 16.3% 20.3%
10 Year 15.3% 18.0%
15 Year 17.9% 17.4%
1/1/78--12/31/97(2) 17.7% 16.6%
Cumulative Returns
1/1/78--12/31/97(2) 2492.0% 2054.2%
(1) The S&P 500 Stock Index is an unmanaged index generally
representative of the U.S. stock market. The index does not
reflect investment management fees, brokerage commissions, and
other expenses associated with investing in equity securities.
2) Reaves' Equity Composite began on January 1, 1978.
The date of this Prospectus Supplement is May 1, 1998.
