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THE FULCRUM TRUST (THE "TRUST")
SUPPLEMENT EFFECTIVE AUGUST 18, 1999
TO THE PROSPECTUS
DATED MAY 1, 1999
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We regret to report that Bruce B. Bee, President of Bee & Associates
Incorporated ("Bee & Associates"), the Portfolio Manager for the International
Growth Portfolio, has recently passed away. The Board of Trustees of the Trust
has approved the continuation of the Trust's Portfolio Manager Agreement with
Bee & Associates. Shareholder approval of the continuance of that agreement
will likely be required.
The following information replaces the information regarding Mr. Bee in the
section entitled "International Growth Portfolio" in the table on page 19 of the
Prospectus:
<TABLE>
<CAPTION>
Name and Title of Individual Managed Portfolio Business Experience
Portfolio Manager(s) Since for the Past Five Years
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<S> <C> <C>
Edward N. McMillan, President 1999 Mr. McMillan has served as
and Managing Director President of Bee & Associates
since July 1999; prior to joining
Bee & Associates in 1993
as a Principal, he was President
and Chief Executive Officer of
First Boston Asset Management.
Adam D. Schor, Chief 1999 Mr. Schor has served as Chief
Investment Officer and Investment Officer of Bee &
Managing Director Associates since July 1999
having joined the firm as a
Principal in 1997; he previously
was with Harris Associates and
served as portfolio manager of
the Oakmark International Small
Cap Fund and as an analyst for
the Oakmark International Fund.
Jason P. Yee, Managing Director 1999 Mr. Yee has served as a Principal
of Bee & Associates since July
1999; he joined the firm in 1996
from Janus Capital Corporation
where he served as an equity
research analyst.
</TABLE>
