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<PAGE> PAGE 1 TEXAS PROSPECTUS SUPPLEMENT September 12, 1996 Strategist Special Growth Fund (Aug. 7, 1996) The following footnote is added to the section entitled "Performance" on page 6 of the prospectus: "Mr. Guru Baliga, the portfolio manager to the Portfolio, assumed responsibility for managing the Advisory Accounts in 1994. The performance shown above includes periods for which Mr. Baliga was not the sole active manager of the Advisory Accounts." S-6132-1 A (9/96) Destroy 09/27/96
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