Rule 497(e)
File Nos. 33-94668
and 811-9070
DEVCAP TRUST
DEVCAP Shared Return Fund
SUPPLEMENT DATED FEBRUARY 18, 2000 TO
PROSPECTUS and STATEMENT OF ADDITIONAL INFORMATION
DATED FEBRUARY 18, 2000
DEVCAP SHARED RETURN FUND (the "Fund")
On February 17, 2000, at a Special Meeting of the Shareholders, the
Shareholders of the Fund approved the following proposals:
o To change the Fund's investment objective;
o To approve an Investment Management Agreement between
Christian Brothers Investment Services, Inc. ("CBIS")
and the Fund;
o To approve a Sub-Advisory Agreement between CBIS and
RhumbLine Advisers;
o To amend the Fund's fundamental investment restrictions;
o To elect six trustees of the Trust to serve until their
successors are duly elected and qualified; and
o To ratify the selection of KPMG LLP as independent public
accountants of the Fund.
These proposals shall become effective February 22, 2000.
