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Missouri Supplement - May 3, 1996*
Supplement to Strategist Tax-Free High Yield Fund
Prospectus (May 3, 1996)
Form No. S-6126
The following information modifies the cover of the Strategist Tax-
Free High Yield Fund prospectus:
"The Fund usually invests in medium- and lower-quality bonds
(commonly known as junk bonds) and notes issued by or on
behalf of state and local governmental units whose interest
generally is exempt from the federal income tax. These
securities generally have greater price fluctuations than
higher-rated securities and are more likely to experience a
default. Investors should carefully consider these risks
before investing."
S-6126-1 A (5/96)
*Valid until next prospectus update.
