LINDNER INVESTMENTS
PROSPECTUS SUPPLEMENT, dated October 14, 1998, to Prospectus dated September
30, 1998:
The paragraph on page 41 of the Prospectus dealing with the Redemption Fee
is hereby amended to read as follows:
REDEMPTION FEE. The Funds charge a 2% fee if you redeem shares
within 60 days after purchase; this means that the amount payable on
redemption will be reduced by 2%. This fee is not charged on
redemptions made under a systematic withdrawal plan (see "Systematic
Withdrawal Plan"). The amount of this fee remains as an asset of
the Fund which has charged it, and it does not benefit the Adviser.
This redemption fee was not charged during the fiscal years ended
June 30, 1998, 1997, 1996 or 1995, but was reinstated by the Board
of Trustees of the Trust, effective October 1, 1998. The redemption
fee may be waived at the sole discretion of the Funds.
STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT, dated October 14, 1998, to
Statement of Additional Information dated September 30, 1998:
The paragraph beginning on page B-6 of the Statement of Additional
Information and dealing with portfolio turnover of the Lindner Bulwark Fund
is hereby amended to read as follows:
The Bulwark Fund may engage in short-term transactions if such
transactions further its primary investment objective of growth of
capital. Short sales, trading in options and futures and trading in
commodities are typically short-term investments. The rate of
portfolio turnover will not be a determining factor in the purchase
and sale of such securities, and the portfolio turnover rate of the
Bulwark Fund is expected to exceed 100%, which is higher than most
mutual funds. However, the Adviser does not expect the annual
portfolio turnover rate of the Bulwark Fund to exceed 250%. To the
extent short-term trading results in the realization of short-term
capital gains, shareholders will be taxed on such gains at ordinary
income tax rates. However, certain tax rules may restrict the
Bulwark Fund's ability to sell securities in some circumstances when
the security has been held for less than three months. Increased
portfolio turnover necessarily results in correspondingly higher
costs including brokerage commissions, dealer mark-ups and other
transaction costs on the sale of securities and reinvestment in
other securities, and may result in the acceleration of taxable
gains.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
