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Statement of Additional Information Supplement
- - Oct. 15, 1999*
Strategist Growth and Income Fund, Inc.
Strategist Balanced Fund (Nov. 27, 1998) S-6122-20 E (11/98)
The non-fundamental investment policy in the Additional Investment Policies
section that states "Under normal market conditions, the Portfolio does not
intend to commit more than 5% of its total assets to when-issued securities or
forward commitments" is deleted in its entirety for Balanced Portfolio.
S-6122- 23 A (10/99)
*Valid until next Statement of Additional Information update
Destroy Nov. 29, 1999
