Delaware New Pacific Fund
Supplement to Prospectus dated February 1, 2000
The following replaces the information for Delaware New
Pacific Fund in the section of the prospectus entitled
"Portfolio managers" under "Who manages the Funds":
Calum Graham, Director Emerging Markets of AIB Govett Asset
Management Limited, has had primary responsibility for
making day-to-day investment decisions for Delaware New
Pacific Fund since March 2000. Mr. Graham joined AIB Govett
Asset Management Limited in 1996. In 1999 he was promoted to
Director of Global Emerging Markets. Prior to joining AIB
Govett Asset Management Limited, he worked as a graduate
trainee for Cazenove & Co. and then joined the equity
research and sales team for three years. He is a director
of AIB Govett Asset Management Limited. Mr. Graham has a
B.Sc. from St. Andrew s University.
