Please file this Prospectus Supplement with your records.
STRONG DOW 30 VALUE FUND
Supplement to the Prospectus dated December 31, 1997
CHANGE IN INCOME DIVIDENDS. After July 1, 1998, the Strong
Dow 30 Value Fund ("Fund") will pay dividends from net
investment income annually instead of quarterly. This
information modifies the information about dividends found
on page I-10 of the Prospectus under the heading "About the
Fund -- Distributions and Taxes." Therefore, the last
quarterly dividend will be payable by the Fund on June 30,
1998. The next dividend will be payable by the Fund on
December 29, 1998 and annually thereafter.
EARLY REDEMPTION FEE. Shares of the Fund purchased after
March 1, 1998 will be subject to a 0.50% redemption fee if
the shares are held for less than six (6) months. The Fund
is taking this action to protect the long-term investors in
the Fund from the negative effects caused by short-term
"market timers." Market timers engage in frequent purchases
and redemptions that can disrupt the Fund's investment
program and create additional transaction costs that are
borne by all shareholders.
Redemption fees will be paid to the Fund to help offset
transaction costs. The Fund will use the "first-in, first-
out" (FIFO) method to determine the six-month holding
period. Under this method, the date of the redemption or
exchange will be compared with the earliest purchase date of
shares held in the account. If this holding period is less
than six months, the fee will be assessed. The fee may apply
to shares held through omnibus accounts.
In determining the "six months", the Fund will use the six-
month anniversary date of the transaction. For example,
shares purchased on May 1, 1998 will be subject to the fee
if they are redeemed on or prior to October 31, 1998. If
they are redeemed on or after November 1, 1998, they will
not be subject to the fee.
The date of this Prospectus Supplement is May 15, 1998.
