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THE SARATOGA ADVANTAGE TRUST
Class I Shares Prospectus
Class B Shares Prospectus
Class C Shares Prospectus
Supplement dated September 21, 1999
to the Prospectus dated January 1, 1999
Since August 11, 1999, the Large Capitalization Value Portfolio has been managed
by a portfolio team comprised of senior professionals of OpCap Advisors. One
member of the team, Frank LeCates, has primary supervisory authority over
implementation of the management team's purchase and sale recommendations. Mr.
LeCates is the Director of Research at Oppenheimer Capital, the parent of OpCap
Advisors. Mr. LeCates brings 28 years of investment experience to his current
position. Formerly with Donaldson, Lufkin & Jenrette for 18 years, he has served
as head of institutional equity sales, Director of Research and as a securities
analyst. Mr. LeCates graduated from Princeton University, earned his MBA at
Harvard Business School and is a CFA.
Effective September 21, 1999, Funds Distributor, Inc. ("FDI"), 60 State Street,
Suite 1300, Boston, Massachusetts 02109, replaced Unified Management Corporation
as the Trust's distributor. Effective October 1, 1999, FDI will replace Unified
Fund Services, Inc. as the Trust's administrator.
