Delaware U.S. Growth Fund
Supplement to Prospectus dated January 31, 2000
The following replaces the information in the section of the
Prospectus entitled "Portfolio managers" under "Who manages
the Fund":
Frank Houghton, Vice President/Senior Portfolio Manager, has
primary responsibility for making day-to-day investment
decisions for Delaware U.S. Growth Fund. He has been part
of the growth team that has managed the Fund since 1996.
Prior to joining Delaware Investments in March 2000, Mr.
Houghton was President and Portfolio Manager of Lynch &
Mayer, Inc., which he joined in 1990 and became President in
1999. Prior to joining Lynch & Mayer, Inc., Mr. Houghton
was Chairman of BMI Capital from 1984 to 1990, a Portfolio
Manager at Neuberger & Berman from 1977 to 1984 and a
Partner at Oppenheimer & Co., Inc. from 1969-1977. Mr.
Houghton received a BBA from Manhattan College and attended
New York University Graduate School of Business
Administration.
