THE NORTHSTAR FUNDS
Prospectus Supplement dated
October 5, 1998 to Prospectus dated
March 1, 1998
THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES THE INFORMATION CONTAINED IN
THE SECTION OF THE FUNDS' PROSPECTUS ENTITLED "NORTHSTAR STRATEGIC INCOME FUND"
BEGINNING ON PAGE 20:
The Board of Trustees of the Northstar Strategic Income Fund recently approved a
proposal for the reorganization of the Northstar Strategic Income Fund (the
"Fund"). If the reorganization is approved by the shareholders of the Fund, the
Fund's assets will be acquired by the Northstar High Yield Fund, shareholders of
the Fund will become shareholders of the Northstar High Yield Fund and the Fund
will be terminated. A shareholder meeting to consider the reorganization has
been scheduled for November 19, 1998, and if approved the reorganization will be
completed on November 20, 1998.
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NORTHSTAR HIGH YIELD INVESTMENTS
Prospectus Supplement dated October 5, 1998
to Prospectus dated March 1, 1998
THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES THE INFORMATION CONTAINED IN
THE SECTION OF THE FUNDS' PROSPECTUS ENTITLED "NORTHSTAR STRATEGIC INCOME FUND"
BEGINNING ON PAGE 6:
The Board of Trustees of the Northstar Strategic Income Fund recently approved a
proposal for the reorganization of the Northstar Strategic Income Fund (the
"Fund"). If the reorganization is approved by the shareholders of the Fund, the
Fund's assets will be acquired by the Northstar High Yield Fund, shareholders of
the Fund will become shareholders of the Northstar High Yield Fund and the Fund
will be terminated. A shareholder meeting to consider the reorganization has
been scheduled for November 19, 1998, and if approved the reorganization will be
completed on November 20, 1998.
