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VARITRAK PRODUCT PROSPECTUS: FOR USE IN NEW YORK ONLY
SUPPLEMENT DATED DECEMBER 24, 1997
TO PROSPECTUS DATED MAY 1, 1997
The planned reorganization resulting in the combination of the Common Stock
Portfolio and the Growth Portfolio of the Market Street Fund, Inc. (the
"Fund"), by transferring the assets and liabilities of the Common Stock
Portfolio to the Growth Portfolio and exchanging the shares of stock
representing interests in the Common Stock Portfolio for shares of stock
representing interests in the Growth Portfolio (the "Reorganization"), became
effective on December 12, 1997. The Reorganization was approved at a Special
Meeting of Shareholders of the Common Stock Portfolio held on December 5, 1997.
Since May 1, 1997, the Growth Portfolio has been managed by Sentinel Advisors
Company, which also managed the Common Stock Portfolio. Both Portfolios were
managed by the same portfolio management teams in essentially the same style.
