S&P STARS Portfolio
Supplement to Prospectus dated
June 20, 1996
FOR USE IN OHIO
The following supplements and should be read in conjunction with the disclosure
contained in the STARS Portfolio's Prospectus under the caption "Description of
the STARS Portfolio."
The STARS Portfolio may use investment techniques, such as leverage through
borrowing, which involve greater risk than that incurred by many other funds
with similar objectives that do not engage in such techniques.
The Bear Stearns
Funds
The Insiders Select Fund
Supplement to Prospectus dated
June 20, 1996
FOR USE IN MISSOURI
The following supplements and should be read in conjunction with the disclosure
contained in the Fund's Prospectus under the caption "Description of the Fund."
The Insiders Select Fund may use investment techniques, such as short selling,
which involve greater risk than that incurred by many other funds with similar
objectives that do not engage in such techniques.
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The Bear Stearns
Funds
The Insiders Select Fund
Supplement to Prospectus dated
June 20, 1996
FOR USE IN OHIO
The following supplements and should be read in conjunction with the disclosure
contained in the Fund's Prospectus under the caption "Description of the Fund."
The Insiders Select Fund may use investment techniques, such as leverage through
borrowing, which involve greater risk than that incurred by many other funds
with similar objectives that do not engage in such techniques.
The Bear Stearns
Funds
Large Cap Value,
Small Cap Value and
Total Return
Bond Portfolios
Supplement to Prospectus dated
June 20, 1996
FOR USE IN OHIO
The following supplements and should be read in conjunction with the disclosure
contained in the Fund's Prospectus under the caption "Description of the Fund."
Each Portfolio may use investment techniques, such as leverage through
borrowing, which involve greater risk than that incurred by many other funds
with similar objectives that do not engage in such techniques.
