March 6, 2000
Delaware U.S. Growth Fund
Class A * Class B * Class C * Institutional Class
Supplement to the current Prospectuses dated February 1, 2000
On March 1, 2000, Management of Lynch & Mayer, Inc. and Delaware Investments
integrated Lynch & Mayer's investment personnel into Delaware's. Frank
Houghton and Rufus Winton, formerly of Lynch & Mayer, have joined Delaware's
growth team and continue to act as the Fund's portfolio managers with
day-to-day investment responsibility for the Fund. As a result of the
integration, Lynch & Mayer no longer serves as sub-adviser to the Fund.
