ASIA BLUE CHIP FUND
(A Series of Guinness Flight Investment Funds)
Supplement Dated June 28, 2000 to Prospectus Dated April 28, 2000
The Board of Trustees of Guinness Flight Investment Funds is
recommending a change of fundamental investment objective and related name
change for the Guinness Flight Asia Blue Chip Fund (the "Fund"), subject to
approval by shareholders of the Fund at a Special Meeting of Shareholders
scheduled to be held in August of this year.
If approved by shareholders, the Fund will seek to achieve its
investment objective of long-term capital appreciation by investing primarily in
equity securities of companies located in Asia that will help to shape and
benefit from the regional and global development of the New Economy. Currently,
the Fund invests primarily in equity securities of established and sizeable
companies that are located in Asia. Subject to approval of the proposed change
in investment objective, it is expected that the Fund's name will be changed to
"Guinness Flight Asia New Economy Fund."
Proxy Materials describing the details of the proposed change
of investment objective will be mailed to shareholders of the Fund in July for
the purpose of obtaining shareholder approval.
