NORTHSTAR FUNDS
Prospectus Supplement dated January 23, 1998
to Prospectus dated August 1, 1997
The following information supplements the information contained in the section
of the Funds' prospectus entitled "YOUR GUIDE TO BUYING, SELLING AND EXCHANGING
SHARES OF NORTHSTAR FUNDS: FRONT-END SALES CHARGES - YOU MAY NOT HAVE TO PAY
FRONT-END SALES CHARGES OR A CDSC IF YOU ARE:" on page 30:
Effective January 23, 1998, a new category is added to the list of sales charge
waiver categories:
Investment Advisors or Financial Planners who place trades for their
own accounts or the accounts of their clients and who charge a management,
consulting or other fee for their services; and clients of such investment
advisors or financial planners who place trades for their own accounts don't pay
a front-end sales charge or a CDSC if the accounts are linked to the master
account of such investment advisor or financial planner on the books and records
of the broker or agent.
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The following information supplements the information contained in the section
of the Funds' prospectus entitled "YOUR GUIDE TO BUYING, SELLING AND EXCHANGING
SHARES OF NORTHSTAR FUNDS: BUYING, SELLING AND EXCHANGING" on page 32:
Some broker-dealers or agents might charge you a fee if you buy or sell
shares through them.
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THIS SUPPLEMENT SUPERSEDES ALL PRECEDING SUPPLEMENTS.
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NORTHSTAR HIGH-YIELD INVESTMENTS
Prospectus Supplement dated January 23, 1998
to Prospectus dated July 7, 1997
The following information supplements the information contained in the section
of the Funds' prospectus entitled "YOUR GUIDE TO BUYING, SELLING AND EXCHANGING
SHARES OF NORTHSTAR FUNDS: FRONT-END SALES CHARGES - YOU MAY NOT HAVE TO PAY
FRONT-END SALES CHARGES OR A CDSC IF YOU ARE:" on page 15:
Effective January 23, 1998, a new category is added to the list of sales charge
waiver categories:
Investment Advisors or Financial Planners who place trades for their
own accounts or the accounts of their clients and who charge a management,
consulting or other fee for their services; and clients of such investment
advisors or financial planners who place trades for their own accounts don't pay
a front-end sales charge or a CDSC if the accounts are linked to the master
account of such investment advisor or financial planner on the books and records
of the broker or agent.
-------------------------
The following information supplements the information contained in the section
of the Funds' prospectus entitled "YOUR GUIDE TO BUYING, SELLING AND EXCHANGING
SHARES OF NORTHSTAR FUNDS: BUYING, SELLING AND EXCHANGING" on page 17:
Some broker-dealers or agents might charge you a fee if you buy or sell
shares through them.
-------------------------
THIS SUPPLEMENT SUPERSEDES ALL PRECEDING SUPPLEMENTS.
