May 13, 1998
VIA EDGAR TRANSMISSION
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, DC 20549
Re: The CVO Greater China Fund, Inc.
Securities Act of 1933 Registration No. 33-83822 and
Investment Company Act of 1940 File No. 811-8760
Rule 497(e) Filing
Dear Sir or Madam:
This letter is being transmitted by means of electronic submission,
on behalf of The CVO Greater China Fund, Inc. (the "Fund"),
and pursuant to the provisions of Rule 497(e) promulgated under the
Securities Act of 1933, as amended. We are filing via EDGAR Supplements
to the Prospectus and Statement of Additional Information, such documents
are dated May 13, 1998, which reflect the transition of services from
BISYS Fund Services to PFPC Inc.
If you have any questions regarding this filing, please do not hesitate
to contact the undersigned at (614) 470-8305.
Sincerely,
/s/Matthew Constancio
Matthew Constancio
Manager, Client Legal Services
BISYS Fund Services
cc: Mr. Peter O'Rourke, Esq. Kramer, Levin, Naftalis & Frankel
Mr. Stephen B. Wells, Esq. OFFITBANK
CVO GREATER CHINA FUND, INC.
(the "Fund")
Supplement dated May 13, 1998 to the
Prospectus dated February 27, 1998
Certain of the existing service arrangements with respect to the Fund will
change as described below:
Change in Administrator and Fund Accounting Agent
Effective on or about June 1, 1998, PFPC Inc. ("PFPC"), an indirect wholly
owned subsidiary of PNC Bank Corp., serves as administrator and fund
accounting agent to the Fund pursuant to the terms of an Administration
and Fund Accounting Services Agreement.
The services provided by PFPC as administrator and fund accounting agent
include regulatory compliance, assistance in the preparation and filing
of post-effective amendments to the Fund's registration statement with the
Securities and Exchange Commission (the "SEC"), preparation of annual, semi-
annual and other reports to shareholders and the SEC, filing of federal
and state income tax returns, preparation of financial and management
reports, preparation of board meeting materials, preparation and filing
of blue sky registrations and monitoring compliance with the amounts and
conditions of each state's qualification. For the administrative and
fund accounting services PFPC provides to the Fund, PFPC is paid an annual
fee calculated daily and paid monthly which will not exceed .125% of
average daily net assets.
Change in Transfer and Dividend Disbursing Agent
Effective May 25, 1998, PFPC, with principal offices located at 400
Bellevue Parkway, Wilmington, DE 19809, serves as the transfer and
dividend disbursing agent of the Fund.
Change in Shareholder Servicing Agent
Effective May 25, 1998, PFPC serves as the Fund's shareholder servicing
agent.
Change in Distributor
Effective June 1, 1998, OFFIT Funds Distributor, Inc. (the "Distributor")
is a wholly-owned subsidiary of Provident Distributors, Inc. and the
Distributor's principal offices are located at Four Falls Corporate Center,
6th Floor, West Conshohocken, PA 19428.
Address Changes
Effective May 25, 1998:
a. The address of the Fund is 400 Bellevue Parkway, Suite 108,
Wilmington, DE 19809.
b. Initial purchases of Class I and Class II Shares of the Fund may be
made by sending a completed Account Application, along with a check
made payable to CVO Greater China Fund, Inc., to the Fund at: CVO
Greater China Fund, Inc., c/o PFPC Inc., P.O. Box 8701, Wilmington,
DE 19899. Subsequent purchases of Class I and Class II Shares may
also be made by mailing a check made payable to the Fund to this
address.
c. The address to which a person may write to the Fund to: (i) transfer
the registration of Class I or Class II Shares; or (ii) submit
redemption requests for Class I or Class II Shares in "good order" is:
The CVO Greater China Fund, Inc.
c/o PFPC Inc.
P.O. Box 8701
Wilmington, DE 19899
CVO GREATER CHINA FUND, INC.
(the "Fund")
Supplement dated May 13, 1998 to the
Statement of Additional Information dated February 27, 1998
Certain of the existing service arrangements with respect to the Fund will
change as described below:
Change in Administrator and Fund Accounting Agent
Effective on or about June 1, 1998, PFPC Inc. ("PFPC"), an indirect wholly
owned subsidiary of PNC Bank Corp., serves as administrator and fund
accounting agent to the Fund pursuant to the terms of an Administration
and Fund Accounting Services Agreement.
The services provided by PFPC as administrator and fund accounting agent
include regulatory compliance, assistance in the preparation and filing
of post-effective amendments to the Fund's registration statement with the
Securities and Exchange Commission (the "SEC"), preparation of annual,
semi-annual and other reports to shareholders and the SEC, filing of
federal and state income tax returns, preparation of financial and
management reports, preparation of board meeting materials, preparation
and filing of blue sky registrations and monitoring compliance with the
amounts and conditions of each state's qualification. For the
administrative and fund accounting services PFPC provides to the Fund,
PFPC is paid an annual fee calculated daily and paid monthly which will
not exceed .125% of average daily net assets.
Change in Transfer and Dividend Disbursing Agent
Effective May 25, 1998, PFPC, with principal offices located at 400
Bellevue Parkway, Wilmington, DE 19809, serves as the transfer and
dividend disbursing agent of the Fund.
Change in Shareholder Servicing Agent
Effective May 25, 1998, PFPC serves as the Fund's shareholder servicing
agent.
Change in Distributor
Effective June 1, 1998, OFFIT Funds Distributor, Inc. (the "Distributor")
is a wholly-owned subsidiary of Provident Distributors, Inc. and the
Distributor's principal offices are located at Four Falls Corporate
Center, 6th Floor, West Conshohocken, PA 19428.
Address Change
Effective May 25, 1998, the address of the Fund is 400 Bellevue Parkway,
Wilmington, DE 19809.
