BERGER BALANCED FUND
SUPPLEMENT DATED SEPTEMBER 3, 1997
TO PROSPECTUS DATED SEPTEMBER 3, 1997
Orders to purchase shares of the Berger Balanced Fund will
not be processed until the Fund commences operations, currently
scheduled for September 30, 1997. Orders to purchase Fund shares that
are received before September 30, 1997, will be treated as orders to
purchase Fund shares as of the commencement of operations and will be
accepted by the Fund and invested at the initial public offering price
of $10 per share on September 30, 1997. Payments accompanying any
order received prior to that date will be held uncashed and uninvested
by the Fund's transfer agent until processed on September 30, 1997.
