<PAGE> 1
BERGER INVESTMENT PORTFOLIO TRUST
BERGER INFORMATION TECHNOLOGY FUND
(INVESTOR SHARES)
SUPPLEMENT DATED NOVEMBER 22, 2000
TO
PROSPECTUS DATED
JUNE 26, 2000
Effective October 17, 2000, the Board of Trustees for the Berger
Information Technology Fund approved a seven-for-one share split for the Fund.
Shareholders of record as of the close of business on October 16, 2000 each
received six additional shares for each share held, which resulted in a split in
the Fund's net asset value. The following unaudited financial highlights
supplement the audited financial highlights in the Fund's prospectus. The table
below reflects the split adjusted net asset value for the Fund.
The financial highlights are intended to help you understand the Fund's
financial performance for the periods indicated. Certain information reflects
financial results for a single Fund share. Total return shows you how much an
investment in the Fund increased or decreased during each period, assuming you
reinvested all dividends and distributions.
Berger Information Technology Fund - Investor Shares (unaudited)
For a Share Outstanding Throughout the Period
<TABLE>
<CAPTION>
Period from
Year Ended July 2, 1999(1) to
September 30, 2000(2) September 30, 1999(2)
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<S> <C> <C>
Net asset value, beginning of period $8.21 $7.64
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From investment operations
Net investment income (loss) (0.00)(5) (0.00)(5)
Net realized and unrealized gains (losses) from
investments and foreign currency transactions 9.43 0.57
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Total from investment operations 9.43 0.57
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Less dividends and distributions
Distributions (from capital gains) (0.05) --
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Total dividends and distributions (0.05) --
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Net asset value, end of period $17.59 $8.21
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Total Return(6) 114.97% 7.46%
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Ratios/Supplemental Data:
Net assets, end of period (in thousands) $72,173 $4,811
Net expense ratio to average net assets(3) 1.63% 1.83%(4)
Ratio of net investment loss to average net assets (1.36)% (1.58)%(4)
Gross expense ratio to average net assets 1.63% 2.16%(4)
Portfolio turnover rate(6) 38% 31%
</TABLE>
1. Commencement of investment operations for Investor Shares.
2. All per share data has been adjusted to reflect a 7-for-1 share split,
effective October 17, 2000.
3. Net expenses represent gross expenses reduced by fees waived and/or
reimbursed by the Advisor.
4. Annualized.
5. Amount represents less than $0.01 per share.
6. Not annualized.
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The following unaudited financial highlights are for the periods ending
February 28, 1998 and 1999, and for the period from March 1, 1999 to July 1,
1999, prior to the Fund's reorganization. Prior to the Fund's reorganization on
July 2, 1999, the Fund was known as the InformationTech 100(R) Fund. At the time
of the reorganization, the Fund adopted share classes and first began offering
the Investor Shares. Therefore, the 0.25% 12b-1 fee paid by the Investor Shares
is not reflected in the data on the table.
Berger Information Technology Fund (unaudited)
Supplemental Financial Highlights
For a Share Outstanding Throughout the Period
<TABLE>
<CAPTION>
Period from Period from
March 1, 1999 to Year Ended April 8, 1997(1)
July 1, 1999(2) February 28, 1999(2) to February 28, 1998(2)
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Net asset value, beginning of period $6.34 $4.31 $2.86
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From investment operations
Net investment income (loss) (0.03) (0.04) (0.01)
Net realized and unrealized gains
(losses) from investments and
foreign currency transactions 1.43 2.07 1.46
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Total from investment operations 1.40 2.03 1.45
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Less dividends and distributions
Distributions (from capital gains) (0.10) -- --
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Total dividends and distributions (0.10) -- --
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Net asset value, end of period $7.64 $6.34 $4.31
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Total Return(5) 20.54% 47.13% 50.75%
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Ratios/Supplemental Data:
Net assets, end of period (in thousands) $18,101 $12,446 $2,674
Net expense ratio to average net assets3 1.48%(4) 1.50% 1.50%(4)
Ratio of net investment loss to
average net assets (1.22)%(4) (1.19)% (1.01)%(4)
Gross expense ratio to average net assets 2.03%(4) 2.67% 12.17%(4)
Portfolio turnover rate(5) 11% 35% 33%
</TABLE>
1. Commencement of investment operations for the Fund.
2. All per share data has been adjusted to reflect a 7-for-1 share split,
effective October 17, 2000.
3. Net expenses represent gross expenses reduced by fees waived and/or
reimbursed by the Advisor.
4. Annualized.
5. Not annualized.
The Prospectus is amended accordingly to reflect this change.
