BERGER 100 FUND
BERGER GROWTH AND INCOME FUND
BERGER SMALL COMPANY GROWTH FUND
BERGER NEW GENERATION FUND
SUPPLEMENT DATED FEBRUARY 3, 1997
TO PROSPECTUS DATED NOVEMBER 28, 1996
Effective February 3, 1997, Patrick S. Adams has been
appointed portfolio manager of the Berger 100 Fund and co-manager,
along with Berger Associates Senior Analyst Mark R. McKinney, of the
Berger Growth and Income Fund. Mr. Adams and Mr. McKinney assumed
responsibility for the day-to-day investment management of those
Funds, succeeding Rodney L. Linafelter. William R. Keithler continues
as portfolio manager for the Berger Small Company Growth Fund and the
Berger New Generation Fund.
Accordingly, page 18 of the Prospectus is amended to read as
follows: the third and fourth paragraphs under "6. Management and
Investment Advice" are deleted in their entirety and replaced with the
following:
"Patrick S. Adams, Senior Vice President of Berger
Associates, is the portfolio manager for the
Berger 100 Fund. Mr. Adams also co-manages the
Berger Growth and Income Fund, along with Berger
Associates Senior Analyst Mark R. McKinney. The
portfolio managers are responsible for the
investments for their Funds, including the day-to-
day investment decisions for the Funds."
"Mr. Adams joined Berger Associates in February
1997, where he serves as portfolio manager for the
Berger 100 Fund, co-manager for the Berger Growth
and Income Fund, and portfolio manager for
retirement plans and institutional and private
investors. Mr. Adams previously served as Senior
Vice President with Zurich Kemper Investments,
Inc., from June 1996 to January 1997, where he was
portfolio manager of the Kemper Growth Fund. Mr.
Adams served as Portfolio Manager with Founders
Asset Management, Inc., from March 1993 to May
1996, where he managed the Founders Blue Chip
Growth Fund and the Founders Balanced Fund. Prior
to that, Mr. Adams served in various positions
with First of America Investment Corp. for over
three years, including as Senior Portfolio
Manager/Senior Analyst from January 1992 to
February 1993, during which time he managed the
Parkstone Equity Fund."
"Mr. McKinney joined Berger Associates in January
1996, where he serves as Senior Analyst and co-
portfolio manager, along with Patrick Adams, for
the Berger Growth and Income Fund. Mr. McKinney
previously served as Analyst/Portfolio Manager
with Farmers Insurance Co. from April 1992 to
January 1996."
