Rule 497(e)
File Nos. 33-94668
and 811-9070
DEVCAP TRUST
DEVCAP Shared Return Fund
Supplement dated October 5, 1998
to Prospectus dated November 28, 1997
DEVCAP SHARED RETURN FUND (the "Fund")
INTRODUCTION OF NEW CONTRIBUTION ELECTION LEVELS FOR
CHARITABLE CONTRIBUTION PROGRAM
On October 1, 1998, the Board of Trustees of DEVCAP Trust approved a
modification of the charitable contribution election levels available to
shareholders of the Fund. Previously, upon initial investment in the Fund the
shareholder would declare an intention to make an annual donation to DEVCAP
Non-Profit of fifty percent, seventy-five percent, or all of the annual
contribution basis derived from the shareholder's investment in the Fund.
Effective October 5, 1998, shareholders of the Fund may elect to make a
charitable contribution to DEVCAP Non-Profit of ten percent and twenty-five
percent of the annual contribution basis, in addition to the previous
contribution levels of fifty percent, seventy five percent or all of the annual
contribution basis. DEVCAP Non-Profit will direct the shareholder's donation to
non-profit organizations (primarily Catholic Relief Services, Inc.) working to
improve the welfare of underprivileged persons in developing countries through
grants or loans for micro-enterprises and other economic development programs.
CHANGES TO TIMING OF CHARITABLE CONTRIBUTION PROCESS
In the interest of facilitating the calculation of the charitable contribution,
the time frame that the Fund mails notice each year to each shareholder of
record estimating the dollar amount of the shareholder's charitable contribution
for the year has been moved forward from December 1 to on or about the third
week of November.
The date that the Fund requires the shareholder to notify the Fund of any change
in contribution election also has been moved forward to on or before the second
Friday of each December. Notice should be delivered to the Fund's address, as
follows, for these purposes: DEVCAP Shared Return Fund, P.O. Box 2152,
Milwaukee, WI 53201-2152. Shareholders may also make changes to their
contribution election by telephone. The telephone number for these purposes is
(800) 371-2655, Option 3.
The shareholder's annual contribution will be calculated by the Fund's transfer
agent,
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Sunstone Investor Services, LLC on or about the second Friday in December of
each calendar year in accordance with the formula described in the Prospectus.
