SEC FILE NO. 33-73140
RULE 497(e)
NORTHSTAR GALAXY TRUST
Supplement dated April 11, 2000
to the Prospectus dated April 30, 1999
Change in Portfolio Manager for Northstar Research Enhanced Index Portfolio
The disclosure on pages 7, 12, and 13 of the Northstar Galaxy Trust Prospectus
is hereby amended to reflect that Nanette Buziak, Timothy Devlin and Bernard
Kroll share the responsibility for the day-to-day management of the Northstar
Galaxy Trust Research Enhanced Index Portfolio (the "Portfolio").
Ms. Buziak has co-managed the Portfolio since April 1999. At J.P. Morgan
Investment Management Inc., she serves as a Portfolio Manager and Member of the
Structured Equity Group.
Ms. Buziak has over 8 years of investment management experience. Before joining
J.P. Morgan Investment Management Inc. in 1997, Ms. Buziak was an index
arbitrage trader and convertible bond portfolio manager at First Marathon
America, Inc.
Mr. Kroll has co-managed the Portfolio since March 2000. At J.P. Morgan
Investment Management Inc., he serves as a Portfolio Manager and Member of the
Structured Equity Group.
Mr. Kroll has over 20 years of investment management experience. Before joining
J.P. Morgan Investment Management Inc. in 1996, Mr. Kroll was an equity
derivatives specialist at Goldman Sachs & Co. Earlier, he managed his own
software development firm and options broker-dealer, and managed several
derivative businesses at Kidder, Peabody & Co.
Mr. James Wiess no longer serves as portfolio manager of the Portfolio.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
