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BERGER INVESTMENT PORTFOLIO TRUST
BERGER MID CAP VALUE FUND
SUPPLEMENT DATED MAY 16, 2000
TO
STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 31, 2000
Effective March 17, 2000, the sub-advisory fee paid by Berger LLC to
Perkins, Wolf, McDonnell & Company ("PWM") for sub-advising the Berger Mid Cap
Value Fund (the "Fund"), was reduced to the annual rate of 0.375% of the first
$500 million of the Fund's average daily net assets, 0.35% of the next $500
million and 0.325% of any amount in excess of $1 billion. The requirement for
Berger LLC to pay PWM a minimum of $400,000 per year for the first 2 1/2 years
of the Fund's life has also been eliminated. The Statement of Additional
Information is amended accordingly to reflect these changes. No change has been
made to the advisory fee paid by the Fund to Berger LLC for its services as
investment adviser to the Fund.
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BERGER INVESTMENT PORTFOLIO TRUST
BERGER INFORMATION TECHNOLOGY FUND
SUPPLEMENT DATED MAY 16, 2000
TO
STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 31, 2000
Effective May 16, 2000, the sub-advisory fee paid by Berger LLC to Bay
Isle Financial Corporation for sub-advising the Berger Information Technology
Fund (the "Fund") was reduced to the annual rate of 0.425% for the first $500
million of the Fund's average daily net assets, 0.40% of the next $500 million
and 0.375% of any amount in excess of $1 billion. The Statement of Additional
Information is amended accordingly to reflect this change. No change has been
made to the advisory fee paid by the Fund to Berger LLC for its services as
investment adviser to the Fund.
