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NORTHSTAR/NWNL TRUST
NORTHSTAR GROWTH FUND
Prospectus Supplement dated
December 28, 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 (the "Agreement")
between Northstar Investment Management Corporation, the Fund's investment
adviser (the "Adviser"), and Navellier Fund Management, Inc. ("Navellier").
Shareholders of record as of December 31, 1995 will be asked to vote on the
Agreement at a meeting to be held on January 30, 1996. If approved by
shareholders, the 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 fees and expenses related to the
subadvisory arrangement will be borne by the Adviser.
