Supplement dated April 27, 2012
to the Prospectuses
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LORD ABBETT AFFILIATED FUND |
LORD ABBETT RESEARCH FUND |
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Lord Abbett Capital Structure Fund |
LORD ABBETT DEVELOPING GROWTH FUND |
Lord Abbett Classic Stock Fund |
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Lord Abbett Growth Opportunities Fund |
LORD ABBETT EQUITY TRUST |
Lord Abbett Small Cap Value Fund |
Lord Abbett Calibrated Large Cap Value Fund |
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Lord Abbett Calibrated Mid Cap Value Fund |
LORD ABBETT SECURITIES TRUST |
Lord Abbett Small Cap Blend Fund |
Lord Abbett Alpha Strategy Fund |
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Lord Abbett Fundamental Equity Fund |
LORD ABBETT INVESTMENT TRUST |
Lord Abbett Growth Leaders Fund |
Lord Abbett Balanced Strategy Fund |
Lord Abbett International Core Equity Fund |
Lord Abbett Convertible Fund |
Lord Abbett International Dividend Income Fund |
Lord Abbett Core Fixed Income Fund |
Lord Abbett International Opportunities Fund |
Lord Abbett Diversified Equity Strategy Fund |
Lord Abbett Large Cap Value Fund |
Lord Abbett Diversified Income Strategy Fund |
Lord Abbett Micro Cap Growth Fund |
Lord Abbett Floating Rate Fund |
Lord Abbett Micro Cap Value Fund |
Lord Abbett Growth & Income Strategy Fund |
Lord Abbett Value Opportunities Fund |
Lord Abbett High Yield Fund |
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Lord Abbett Income Fund |
LORD ABBETT STOCK APPRECIATION FUND |
Lord Abbett Inflation Focused Fund |
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Lord Abbett Short Duration Income Fund |
LORD ABBETT U.S. GOVERNMENT & GOVERNMENT |
Lord Abbett Total Return Fund |
SPONSORED ENTERPRISES MONEY MARKET FUND |
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LORD ABBETT MUNICIPAL INCOME FUND |
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Lord Abbett AMT Free Municipal Bond Fund |
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Lord Abbett California Tax Free Fund |
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Lord Abbett High Yield Municipal Bond Fund |
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Lord Abbett Intermediate Tax Free Fund |
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Lord Abbett National Tax Free Fund |
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Lord Abbett New Jersey Tax Free Fund |
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Lord Abbett New York Tax Free Fund |
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Lord Abbett Short Duration Tax Free Fund |
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The following replaces the subsection titled Additional Information about the Availability of Share Classes Class I Shares contained in the section titled Choosing a Share Class: |
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Class I Shares. Class I shares are available for purchase by the following entities: |
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Institutional investors, including companies, foundations, trusts and endowments, and other entities determined by Lord Abbett Distributor to be institutional investors, making an initial minimum investment of at least $1 million; |
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Retirement and benefit plans investing directly or through an intermediary, provided that in the case of an intermediary, the intermediary has entered into a special arrangement with the Fund and/or Lord Abbett Distributor specifically for such purchases; |
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Registered investment advisers investing on behalf of their advisory clients, provided that in the case of a registered investment adviser that is also a registered broker-dealer, the firm has not entered into any agreement or arrangement whereby Lord Abbett makes payments to the firm out of its own resources for various services, such as marketing support, training and education activities, and other services for which Lord Abbett may make such revenue sharing payments to the firm; and |
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Bank trust departments and trust companies purchasing shares for their clients, provided that the bank or trust company (and its trading agent, if any) has entered into a special arrangement with the Fund and/or Lord Abbett Distributor specifically for such purchases. |
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Class I shares also are available for purchase by each registered investment company within the Lord Abbett Family of Funds that operates as a fund of funds and, at the discretion of Lord Abbett Distributor, other registered investment companies that are not affiliated with Lord Abbett and operate as funds of funds. |
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Shareholders who held Class I shares on July 9, 2010 may continue to hold, purchase, exchange, and redeem Class I shares, provided that there has been no change in the registration of the account since that date. |
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Financial intermediaries should contact Lord Abbett Distributor to determine whether the financial intermediary may be eligible for such purchases. |
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Please retain this document for your future reference. |