GUINNESS FLIGHT WIRELESS WORLD FUND (TM)
April 11, 2000 Supplement to Prospectus dated February 28, 2000
The information provided under the sub-heading "Portfolio
Management" in the section of the Guinness Flight Wireless World Fund TM
Prospectus entitled "Guinness Flight Funds Management" is hereby supplemented to
reflect the addition of the following two Portfolio Managers who are also
responsible for management of the Fund's portfolio:
Seth Kirkham. Mr. Kirkham joined Investec Guinness Flight in April 2000 with
analytical responsibility for Pan-European telecommunications. Upon graduating
from Bristol University with a joint degree in Economics and Accounting, Mr.
Kirkham entered the Schroder Investment Management Graduate Program. He
subsequently entered Schroder's Pan-European research department, responsible
for telecommunications and Internet stocks. He has completed the Institute of
Investment Management and Research (IIMR) analyst exams, with an award in
Corporate Finance and Accounting.
Adrian Brass. Mr. Brass joined Investec Guinness Flight in April 2000. He has
analytical responsibility for Pan-European technology hardware and software
sectors. Mr. Brass received Joint Honors in Economics and Politics from the
University of Bristol in 1995. Upon graduation, he joined Schroder Investment
Management, first as an assistant fund manager, then as an analyst covering
technology hardware and industrial sectors. Mr. Brass headed the Pan-European
Industrials and Technology Hardware research team during his last year at
Schroder. He is a CFA and has completed the IMRO member exams.
