Rule 497(e)
File Nos. 33-94668
and 811-9070
DEVCAP SHARED
RETURN FUND
Supplement dated October 10, 1997
to Prospectus dated November 27, 1996
The Supplement should be revised as follows:
1. Please delete the sentence beginning with the word "Whenever" and ending
with "shareholders" (contained in the first full paragraph, 7 lines down from
the colon on page 2) and replace with the following text in its entirety:
Whenever the Trustees determine to seek the instructions of the Fund
shareholders the Fund will hold a meeting of its shareholders and, at the
meeting of investors in the Portfolio, the Fund will cast votes at the Portfolio
level in the same proportion as the votes of the Fund's shareholders.
2. Within the text appearing above the last paragraph on page 2 of the
Supplement to the Prospectus, replace the page number "24" with the number "13".
