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NORTHSTAR/NWNL TRUST
NORTHSTAR GROWTH FUND
Prospectus Supplement dated
December 18, 1995 to Prospectus
dated April 30, 1995.
At a Meeting held on December 1, 1995, the Trustees of the Northstar/NWNL
Trust, on behalf of the Northstar Growth Fund, approved, subject to approval
by the shareholders of the Fund, a subadvisory agreement between Northstar
Investment Management Corporation, the Fund's investment adviser (the
"Adviser"), and Navellier Fund Management, Inc. ("Navellier"). Proxies
will be mailed to shareholders on or around December 28, 1995 seeking
approval of the Agreement. If approved by shareholders, the Subadvisory
Agreement will become effective on or around February 1, 1996. Pursuant to
the Agreement, Navellier will assume responsibility for the day to day
investment management of the Fund, subject to the supervision of the Adviser
and the Trustees of the Fund. Navellier currently manages equity investments
of approximately $1.2 billion for individuals, institutions and a
Navellier-sponsored mutual fund. All fund and expenses related to the
subadvisory arrangement will be borne by the Adviser.
