SPECTRA FUND
Supplement dated July 15, 1996 to Prospectus dated May 7, l996
The following supplements, and should be read in conjunction with, the
disclosure found in the Prospectus of the above mutual fund (the "Fund"):
The second paragraph under the caption "Wire Transfers" is amended and
restated to read as follows:
The following information should be included in wire transfers to Fund
Accounts:
1. State Street Bank & Trust Company, Boston, MA 02101
2. ABA# 011000028
3. BNF = Spectra Fund
4. AC - 00797548
5. ORIGINATOR TO BENEFICIARY INFORMATION (OBI)
30-Shareholder Account Number (if new account, indicate such),
Shareholder Name, Social Security or Taxpayer Identification Number
Example:
State Street Bank & Trust Company, Boston, MA 02101
ABA #0l1000028
BNF = Spectra Fund
AC - 00797548
OBI = Spectra Fund
30-123456789 or 3O-New Account
John & Jane Doe
123-45-6789
96 0001
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SPECTRA FUND
Supplement dated July 15, 1996 to Statement of Additional Information
dated May 7, 1996
The following supplements, and should be read in conjunction with the
disclosure found in the Statement of Additional Information for the Fund:
The first sentence of paragraph one under the caption "CUSTODIAN AND
TRANSFER AGENT" is amended and restated to read as follows:
Effective July 15, 1996, State Street Bank and Trust Company, 225 Franklin
Street, Boston, Massachusetts 02110 serves as custodian for the Fund pursuant to
a custodian agreement.
96 0002
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