MAYER, BROWN & PLATT
1675 BROADWAY
NEW YORK, NEW YORK 10019-5820
BETH KRAMER MAIN TELEPHONE
Of Counsel 212-506-2500
Direct Dial (212) 506-2670
Direct Fax (212) 849-5670 MAIN FAX
[email protected] 212-262-1910
November 30, 1999
Securities and Exchange Commission
Attention: Filing Desk
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: DEVCAP Trust - DEVCAP Shared Return Fund
Supplement to the Prospectus and Statement of Additional Information
Securities Act Registration No. 33-94668
Ladies and Gentlemen:
Pursuant to the Securities Act of 1933, as amended, and Rule 497(e)
thereunder, on behalf of DEVCAP Trust (the "Trust") and DEVCAP Shared Return
Fund (the "Fund"), we are delivering to you herewith the Supplement dated
November 30, 1999 to the Prospectus and Statement of Additional Information
filed on November 29, 1999 relating to the Fund.
Very truly yours,
/s/ Beth R. Kramer
Beth R. Kramer
Encl.
cc: John M. Ganley (w. encl.)
Joseph N. St. Clair (w. encl.)
<PAGE>
Rule 497(e)
File Nos. 33-94668
and 811-9070
DEVCAP TRUST
DEVCAP Shared Return Fund
SUPPLEMENT DATED NOVEMBER 30, 1999 TO
PROSPECTUS DATED NOVEMBER 29, 1999 and STATEMENT OF ADDITIONAL
INFORMATION DATED NOVEMBER 29, 1999
DEVCAP SHARED RETURN FUND (the "Fund")
The Prospectus is amended as follows:
On Page 7, under the subsection entitled "The Investment Manager and
Submanager," in the second line of the fifth paragraph replace "0.70%" with
"0.07%."
The Statement of Additional Information is amended as follows:
On Page 12, in the second line of the fourth full paragraph replace
"0.70%" with "0.07%."
