SUPPLEMENT TO THE PROSPECTUS
OF
KEYSTONE FUND OF THE AMERICAS
(the "Fund")
The section of the prospectus entitled "Portfolio Manager" under "Fund
Management and Expenses" is hereby supplemented to reflect the following:
Antonio T. Docal and Francis X. Claro are currently the Fund's co-portfolio
managers. Mr. Docal joined Keystone Investment Management Company ("Keystone")
in 1994. He is a Vice President and portfolio manager and has more than ten
years of experience in international trade and mergers and acquisitions for the
Latin American region. Mr. Claro joined Keystone in 1994 and is a Vice President
and portfolio manager. Mr. Claro has more than six years of experience in
international finance and consulting.
February 3, 1997
