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<PAGE> Rule 497(e) Registration No. 33-65632 WSIS SERIES TRUST PROSPECTUS SUPPLEMENT to Prospectus dated March 1, 1996 The second sentence in the last paragraph on page 23 of the Prospectus is replaced in its entirety with the following: "Effective July 11, 1996, Jane P. Lucas, a Director of Schroder Wertheim Investment Services, Inc., is primarily responsible for making recommendations to the committee for Wertheim Equity Value Fund." July 11, 1996
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