-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B2vy9hFQrk/rChUyJvEKMbrokVOCjWJK4jwABRliToB+BIxIqTBw8wuP8VrfVIMS pWR1N/7d9tAgYa73/24SmQ== 0001104659-08-028687.txt : 20080501 0001104659-08-028687.hdr.sgml : 20080501 20080501081412 ACCESSION NUMBER: 0001104659-08-028687 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080501 DATE AS OF CHANGE: 20080501 EFFECTIVENESS DATE: 20080501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORD ABBETT US GOV & GOV SPONSORED ENTERPR MONEY MARKET FUND CENTRAL INDEX KEY: 0000311635 IRS NUMBER: 132986729 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-64536 FILM NUMBER: 08792067 BUSINESS ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: 201-827-2000 MAIL ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 FORMER COMPANY: FORMER CONFORMED NAME: LORD ABBETT U S GOVERNMENT SECURITIES MONEY MARKET FUND INC DATE OF NAME CHANGE: 19970312 FORMER COMPANY: FORMER CONFORMED NAME: LORD ABBETT CASH RESERVE FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORD ABBETT MUNICIPAL INCOME FUND INC CENTRAL INDEX KEY: 0000737800 IRS NUMBER: 133200760 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-88912 FILM NUMBER: 08792070 BUSINESS ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: 201-827-2000 MAIL ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 FORMER COMPANY: FORMER CONFORMED NAME: LORD ABBETT TAX FREE INCOME FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORD ABBETT INVESTMENT TRUST CENTRAL INDEX KEY: 0000911507 IRS NUMBER: 133731507 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-68090 FILM NUMBER: 08792072 BUSINESS ADDRESS: STREET 1: 90 HUDSON STREET CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: 201-827-2000 MAIL ADDRESS: STREET 1: 90 HUDSON STREET CITY: JERSEY CITY STATE: NJ ZIP: 07302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORD ABBETT DEVELOPING GROWTH FUND INC /NEW/ CENTRAL INDEX KEY: 0000276914 IRS NUMBER: 132958970 STATE OF INCORPORATION: MD FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-62797 FILM NUMBER: 08792073 BUSINESS ADDRESS: STREET 1: 90 HUDSON ST. CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: 201-827-2000 MAIL ADDRESS: STREET 1: 90 HUDSON ST. CITY: JERSEY CITY STATE: NJ ZIP: 07302 FORMER COMPANY: FORMER CONFORMED NAME: DEVELOPING GROWTH SHARES INC DATE OF NAME CHANGE: 19600201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORD ABBETT BLEND TRUST CENTRAL INDEX KEY: 0001139819 IRS NUMBER: 223805271 FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-60304 FILM NUMBER: 08792074 BUSINESS ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07301-3973 BUSINESS PHONE: 201-827-2000 MAIL ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302-3973 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORD ABBETT SECURITIES TRUST CENTRAL INDEX KEY: 0000898031 IRS NUMBER: 133712440 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-58846 FILM NUMBER: 08792075 BUSINESS ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: 201-827-2000 MAIL ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORD ABBETT AFFILIATED FUND INC CENTRAL INDEX KEY: 0000002691 IRS NUMBER: 136020600 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-10638 FILM NUMBER: 08792066 BUSINESS ADDRESS: STREET 1: 90 HUDSON STREET CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: 201-827-2000 MAIL ADDRESS: STREET 1: 90 HUDSON STREET CITY: JERSEY CITY STATE: NJ ZIP: 07302 FORMER COMPANY: FORMER CONFORMED NAME: LORD ABBOTT AFFILIATED FUND INC DATE OF NAME CHANGE: 19960315 FORMER COMPANY: FORMER CONFORMED NAME: AFFILIATED FUND INC DATE OF NAME CHANGE: 19941207 FORMER COMPANY: FORMER CONFORMED NAME: AFFILIATED INC DATE OF NAME CHANGE: 19920721 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORD ABBETT LARGE CAP GROWTH FUND CENTRAL INDEX KEY: 0001095664 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-88103 FILM NUMBER: 08792071 BUSINESS ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: 201-395-2000 MAIL ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORD ABBETT RESEARCH FUND INC CENTRAL INDEX KEY: 0000887194 IRS NUMBER: 136995863 STATE OF INCORPORATION: MD FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-47641 FILM NUMBER: 08792068 BUSINESS ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: 201-827-2000 MAIL ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORD ABBETT MUNICIPAL INCOME TRUST CENTRAL INDEX KEY: 0000879587 IRS NUMBER: 133633027 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-43017 FILM NUMBER: 08792069 BUSINESS ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: 201-827-2000 MAIL ADDRESS: STREET 1: 90 HUDSON STREET STREET 2: 11TH FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 FORMER COMPANY: FORMER CONFORMED NAME: LORD ABBETT TAX FREE INCOME TRUST DATE OF NAME CHANGE: 19920929 0000002691 S000006806 LORD ABBETT AFFILIATED FUND INC C000018428 Class A LAFFX C000018429 Class B LAFBX C000018430 Class C LAFCX C000018431 Class P LAFPX C000018432 Class I LAFYX C000054699 Class F LAAFX C000054700 Class R2 LAFQX C000054701 Class R3 LAFRX 0000276914 S000006834 LORD ABBETT DEVELOPING GROWTH FUND INC /NEW/ C000018473 Class A LAGWX C000018474 Class B LADBX C000018475 Class C LADCX C000018476 Class P LADPX C000018477 Class I LADYX C000054855 Class F LADFX C000054856 Class R2 LADQX C000054857 Class R3 LADRX 0000311635 S000006869 LORD ABBETT US GOV & GOV SPONSORED ENTERPR MONEY MARKET FUND C000018564 Class I C000018565 Class A LACXX C000018566 Class B LABXX C000018567 Class C LCCXX 0000737800 S000007531 Lord Abbett California Tax-Free Income Fund C000020575 Class P C000020576 Class A LCFIX C000020577 Class C CALAX C000054742 Class F LCFFX 0000737800 S000007533 Lord Abbett Connecticut Tax-Free Income Fund C000020580 Class P C000020581 Class A LACTX C000054743 Class F LCOFX 0000737800 S000007534 Lord Abbett Hawaii Tax-Free Income Fund C000020582 Class P C000020583 Class A LAHIX C000054744 Class F LAHFX 0000737800 S000007536 Lord Abbett Missouri Tax-Free Income Fund C000020586 Class P C000020587 Class A LAMOX C000054745 Class F LMIFX 0000737800 S000007537 Lord Abbett National Tax-Free Income Fund C000020588 Class P C000020589 Class A LANSX C000020590 Class B LANBX C000020591 Class C LTNSX C000050290 Class I C000054746 Class F LANFX 0000737800 S000007538 Lord Abbett New Jersey Tax-Free Income Fund C000020592 Class P C000020593 Class A LANJX C000054747 Class F LNJFX 0000737800 S000007539 Lord Abbett New York Tax-Free Income Fund C000020594 Class P C000020595 Class A LANYX C000020596 Class C NYLAX C000054748 Class F LNYFX 0000879587 S000007059 Georgia Series C000019251 Class P C000019252 Class A LAGAX C000054749 Class F LGAFX 0000879587 S000007060 Lord Abbett High Yield Municipal Bond Fund C000019253 Class A HYMAX C000019254 Class B HYMBX C000019255 Class C HYMCX C000019256 Class P HYMPX C000050289 Class I C000054750 Class F HYMFX 0000879587 S000007061 Lord Abbett Intermediate Tax-Free Fund C000019257 Class A LISAX C000019258 Class B LISBX C000019259 Class C LISCX C000019260 Class P LISPX C000054751 Class F LISFX 0000879587 S000007063 Pennsylvania Series C000019263 Class P C000019264 Class A LAPAX C000054752 Class F LAPFX 0000887194 S000006998 Lord Abbett America's Value Fund C000019088 Class A LAMAX C000019089 Class B LAMBX C000019090 Class C LAMCX C000019091 Class P LAMPX C000019092 Class I LAMYX C000054712 Class F LAMFX C000054713 Class R2 LAMQX C000054714 Class R3 LAMRX 0000887194 S000006999 Lord Abbett Growth Opportunities Fund C000019093 Class A LMGAX C000019094 Class B LMGBX C000019095 Class C LMGCX C000019096 Class P LGOPX C000019097 Class I LMGYX C000054715 Class F LGOFX C000054716 Class R2 LGOQX C000054717 Class R3 LGORX 0000887194 S000007000 Lord Abbett Large-Cap Core Fund C000019098 Class A LRLCX C000019099 Class B LARBX C000019100 Class C LLRCX C000019101 Class P LRLPX C000019102 Class I LARYX C000054718 Class F LRLFX C000054719 Class R2 LRLQX C000054720 Class R3 LRLRX 0000887194 S000007001 Small-Cap Value Series C000019103 Class A LRSCX C000019104 Class B LRSBX C000019105 Class C LSRCX C000019106 Class P LRSPX C000019107 Class I LRSYX C000054721 Class F LRSFX C000054722 Class R2 C000054723 Class R3 0000898031 S000007138 Lord Abbett All Value Fund C000019515 Class A LDFVX C000019516 Class B GILBX C000019517 Class C GILAX C000019518 Class P LAVPX C000019519 Class I LAVYX C000054922 Class F LAVFX C000054923 Class R2 LAVQX C000054924 Class R3 LAVRX 0000898031 S000007139 Lord Abbett Alpha Strategy Fund C000019520 Class P C000019521 Class I C000019522 Class A ALFAX C000019523 Class B ALFBX C000019524 Class C ALFCX C000054925 Class F ALFFX C000054926 Class R2 ALFQX C000054927 Class R3 ALFRX 0000898031 S000007140 Lord Abbett International Core Equity Fund C000019525 Class A LICAX C000019526 Class B LICBX C000019527 Class C LICCX C000019528 Class P LICPX C000019529 Class I LICYX C000054928 Class F LICFX C000054929 Class R2 LICQX C000054930 Class R3 LICRX 0000898031 S000007141 Lord Abbett Large-Cap Value Fund C000019530 Class A LALAX C000019531 Class B LLCBX C000019532 Class C LLCCX C000019533 Class P LALPX C000019534 Class I LLCYX C000054931 Class F LCVFX C000054932 Class R2 C000054933 Class R3 0000898031 S000007142 Lord Abbett Micro-Cap Growth Fund C000019535 Class A C000019536 Class I 0000898031 S000007143 Lord Abbett Micro-Cap Value Fund C000019537 Class A C000019538 Class I 0000898031 S000007144 Lord Abbett Value Opportunities Fund C000019539 Class A LVOAX C000019540 Class B LVOBX C000019541 Class C LVOCX C000019542 Class P LVOPX C000019543 Class I LVOYX C000054934 Class F LVOFX C000054935 Class R2 LVOQX C000054936 Class R3 LVORX 0000898031 S000007183 Lord Abbett International Opportunities Fund C000019658 Class A LAIEX C000019659 Class B LINBX C000019660 Class C LINCX C000019661 Class P LINPX C000019662 Class I LINYX C000054937 Class F LINFX C000054938 Class R2 LINQX C000054939 Class R3 LINRX 0000911507 S000007276 Lord Abbett Convertible Fund C000019975 Class A LACFX C000019976 Class B LBCFX C000019977 Class C LACCX C000019978 Class P LCFPX C000019979 Class I LCFYX C000054882 Class F LBFFX C000054883 Class R2 LBCQX C000054884 Class R3 LCFRX 0000911507 S000007277 Lord Abbett Core Fixed Income Fund C000019980 Class A LCRAX C000019981 Class B LCRBX C000019982 Class C LCRCX C000019983 Class P LCRPX C000019984 Class I LCRYX C000054885 Class F LCRFX C000054886 Class R2 LCRQX C000054887 Class R3 LCRRX 0000911507 S000007278 Lord Abbett High Yield Fund C000019985 Class A LHYAX C000019986 Class B LHYBX C000019987 Class C LHYCX C000019988 Class P LHYPX C000019989 Class I LAHYX C000054888 Class F LHYFX C000054889 Class R2 LHYQX C000054890 Class R3 LHYRX 0000911507 S000007279 Lord Abbett Short Duration Income Fund C000019990 Class P C000019991 Class I C000019992 Class A LALDX C000019993 Class B LLTBX C000019994 Class C LDLAX C000054891 Class F LDLFX C000054892 Class R2 LDLQX C000054893 Class R3 0000911507 S000007280 Lord Abbett Total Return Fund C000019995 Class A LTRAX C000019996 Class B LTRBX C000019997 Class C LTRCX C000019998 Class P LTRPX C000019999 Class I LTRYX C000054894 Class F LTRFX C000054895 Class R2 LTRQX C000054896 Class R3 LTRRX 0000911507 S000007281 Lord Abbett Income Fund C000020000 Class P C000020001 Class I C000020002 Class A LAGVX C000020003 Class B LAVBX C000020004 Class C LAUSX C000054897 Class F LAUFX C000054898 Class R2 LAUQX C000054899 Class R3 LAURX 0000911507 S000007282 Lord Abbett Balanced Strategy Fund C000020005 Class I C000020006 Class A LABFX C000020007 Class B LABBX C000020008 Class C BFLAX C000020009 Class P LABPX C000054900 Class F BLAFX C000054901 Class R2 BLAQX C000054902 Class R3 BLARX 0000911507 S000007283 Lord Abbett Diversified Income Strategy Fund C000020010 Class A ISFAX C000020011 Class B ISFBX C000020012 Class C ISFCX C000020013 Class P ISFPX C000020014 Class I ISFYX C000054903 Class F LIGFX C000054904 Class R2 LIGQX C000054905 Class R3 LIXRX 0000911507 S000007284 Lord Abbett Growth & Income Strategy Fund C000020015 Class A LWSAX C000020016 Class B LWSBX C000020017 Class C LWSCX C000020018 Class P LWSPX C000020019 Class I LWSYX C000054906 Class F LGXFX C000054907 Class R2 LGIQX C000054908 Class R3 LGIRX 0000911507 S000012541 Lord Abbett Diversified Equity Strategy Fund C000034096 Class A C000034097 Class B C000034098 Class C C000034099 Class P C000034100 Class I C000054909 Class F LDSFX C000054910 Class R2 LDSQX C000054911 Class R3 LDSRX 0000911507 S000019792 Floating Rate Fund C000055470 Class A LFRAX C000055471 Class B LFRBX C000055472 Class C LFRCX C000055473 Class F LFRFX C000055474 Class I LFRIX C000055475 Class R2 LFRRX C000055476 Class R3 LRRRX 0001095664 S000006868 LORD ABBETT LARGE CAP GROWTH FUND C000018558 Class A LALCX C000018559 Class B LALBX C000018560 Class C LACGX C000018561 Class P LLCPX C000018562 Class I LALYX C000054852 Class F LALFX C000054853 Class R2 LALQX C000054854 Class R3 LALRX 0001139819 S000006803 Lord Abbett Small-Cap Blend Fund C000018421 Class A LSBAX C000018422 Class B LSBBX C000018423 Class C LSBCX C000018424 Class P LSBPX C000018425 Class I LSBYX C000054849 Class F LBNFX C000054850 Class R2 C000054851 Class R3 497 1 a08-12713_2497.htm 497

 

SUPPLEMENT DATED MAY 1, 2008

TO THE STATEMENTS OF ADDITIONAL INFORMATION

 

(Class A, B, C, F, P, R2 and R3 Shares)

 

LORD ABBETT AFFILIATED FUND

 

LORD ABBETT BLEND TRUST

Lord Abbett Small Cap Blend Fund

 

LORD ABBETT DEVELOPING GROWTH FUND

 

LORD ABBETT INVESTMENT TRUST

Lord Abbett Convertible Fund

Lord Abbett Core Fixed Income Fund

Lord Abbett Floating Rate Fund

Lord Abbett High Yield Fund

Lord Abbett Income Fund

Lord Abbett Short Duration Income Fund

Lord Abbett Total Return Fund

Lord Abbett Strategic Allocation Fund

- Balanced Strategy Fund

- Diversified Equity Strategy Fund

- Diversified Income Strategy Fund

- Growth & Income Strategy Fund

 

LORD ABBETT LARGE CAP GROWTH FUND

 

LORD ABBETT MUNICIPAL INCOME FUND

Lord Abbett National Tax Free Income Fund

Lord Abbett California Tax Free Income Fund

Lord Abbett Connecticut Tax Free Income Fund

Lord Abbett Hawaii Tax Free Income Fund

Lord Abbett Missouri Tax Free Income Fund

Lord Abbett New Jersey Tax Free Income Fund

Lord Abbett New York Tax Free Income Fund

 

LORD ABBETT MUNICIPAL INCOME TRUST

Lord Abbett Georgia Tax Free Trust

Lord Abbett High Yield Municipal Bond Fund

Lord Abbett Intermediate Tax Free Fund

Lord Abbett Pennsylvania Tax Free Trust

 

LORD ABBETT RESEARCH FUND

Lord Abbett America’s Value Fund

Lord Abbett Growth Opportunities Fund

Lord Abbett Large Cap Core Fund

Lord Abbett Small Cap Value Fund

 

LORD ABBETT SECURITIES TRUST

Lord Abbett All Value Fund

Lord Abbett Strategic Allocation Fund

- Alpha Strategy Fund

Lord Abbett International Core Equity Fund

Lord Abbett International Opportunities Fund

Lord Abbett Large Cap Value Fund

Lord Abbett Micro Cap Growth Fund

Lord Abbett Micro Cap Value Fund

Lord Abbett Value Opportunities Fund

 

LORD ABBETT U.S. GOVERNMENT & GOVERNMENT SPONSORED ENTERPRISES MONEY MARKET FUND

 


 

The section of each Fund’s statement of additional information titled “Purchases, Redemptions, Pricing, and Payments to Dealers – Revenue Sharing and Other Payments to Dealers and Financial Intermediaries” is supplemented with the following:

 

In addition to the various sales commissions, concessions and 12b-1 fees described above, Lord Abbett, Lord Abbett Distributor and the Fund may make other payments to dealers and other firms authorized to accept orders for Fund shares (collectively, “Dealers”).

 

Lord Abbett or Lord Abbett Distributor makes payments to Dealers in its sole discretion, at its own expense and out of its own resources (including revenues from advisory fees and 12b-1 fees) and without additional cost to the Fund or the Fund’s shareholders.  This compensation from Lord Abbett is not reflected in the fees and expenses listed above in the Fee Table section of this Prospectus.  The payments may be for activities including but not limited to the following:

 

· marketing and/or distribution support for Dealers;

 

· the Dealers’ and their investment professionals’ shareholder servicing efforts;

 

· training and education activities for the Dealers, their investment professionals and/or their clients or potential clients;

 

· certain information regarding Dealers and their investment professionals;

 

· sponsoring or otherwise bearing, in part or in whole, the costs for other meetings of Dealers’ investment professionals and/or their clients or potential clients;

 

· the purchase of products or services from the Dealers, such as investment research, software tools or data for investment analysis purposes;

 

· certain Dealers’ costs associated with orders relating to Fund shares (“ticket charges”); and/or

 

· any other permissible activity that Lord Abbett or Lord Abbett Distributor, in its sole discretion, believes would facilitate sales of Fund shares.

 

Some of these payments are sometimes called “revenue sharing” payments.  Most of these payments are intended to reimburse Dealers directly or indirectly for the costs they or their investment professionals incur in connection with educational seminars and training efforts about the Lord Abbett Funds to enable the Dealers and their investment professionals to make recommendations and provide services that are suitable and useful in meeting shareholder needs, as well as to maintain the necessary infrastructure to make the Lord Abbett Funds available to shareholders.  The costs and expenses related to these efforts may include travel, lodging, entertainment and meals, among other things. In addition, Lord Abbett Distributor may, for specified periods of time, decide to forgo the portion of front-end sales charges to which it normally is entitled and allow Dealers to retain the full sales charge for sales of Fund shares.  In some instances, these temporary arrangements will be offered only to certain Dealers expected to sell significant amounts of Fund shares.

 

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Lord Abbett or Lord Abbett Distributor may benefit from revenue sharing if the Dealer features the Fund in its sales system (such as by placing the Fund on its preferred fund list or giving access on a preferential basis to members of the Financial Intermediary’s sales force or management).  In addition, Lord Abbett Distributor may agree to participate in the Dealer’s marketing efforts (such as by helping to facilitate or provide financial assistance for conferences, seminars or other programs at which Lord Abbett personnel may make presentations on the Fund to the intermediary’s sales force).  To the extent the Dealers sell more shares of the Fund or retain shares of the Fund in their clients’ accounts, Lord Abbett receives greater management and other fees due to the increase in the Fund’s assets.  Although a Dealer may request additional compensation from Lord Abbett to offset costs incurred by the Dealer servicing its clients, the Dealer may earn a profit on these payments, if the amount of the payment exceeds the Dealer’s costs.

 

Lord Abbett or Lord Abbett Distributor, in its sole discretion, determines the amounts of payments to Dealers, with the exception of purchases of products or services and certain expense reimbursements.  Lord Abbett and Lord Abbett Distributor consider many factors in determining the amount of any additional payments to Dealers.  These factors include, but are not limited to, the Dealer’s sales, assets and redemption rates relating to Lord Abbett Funds, penetration of Lord Abbett Fund sales among investment professionals within the Dealer, and the potential to expand Lord Abbett’s relationship with the Dealer. Lord Abbett and Lord Abbett Distributor also may take into account other business relationships Lord Abbett has with a Dealer, including other Lord Abbett financial products or advisory services sold by or provided to a Dealer or one or more of its affiliates.  Based on its analysis of these factors, Lord Abbett groups most Dealers into tiers, each of which is associated with a particular maximum amount of revenue sharing payments expressed as a percentage of assets of the Lord Abbett Funds attributable to that particular Dealer.  The tiered payments generally range from 0.02% to 0.10% of Lord Abbett Fund assets attributable to the Dealer and/or its investment professionals.  For certain relationships with Dealers selling the Lord Abbett Funds in connection with variable insurance products, Lord Abbett or Lord Abbett Distributor may make payments generally ranging from 0.05% to 0.15% of the related Lord Abbett Funds’ assets and/or sales.  However, Lord Abbett or Lord Abbett Distributor from time to time may pay revenue sharing in excess of these amounts to cultivate new relationships with Dealers it believes have the potential to sell significant amounts of Fund shares.  In such cases, Lord Abbett expects that over time, as these relationships grow, the amount of revenue sharing paid to such Dealers would conform to levels that fall within the ranges described above.  The payments may not include payments for certain items, such as training and education activities, other meetings, and the purchase of certain products and services from the Dealers.  On occasion, Lord Abbett also may make payments to Dealers on a basis unrelated to its assessment of the prospects for a long-term distribution relationship.  Not all Dealers receive revenue sharing payments and the amount of revenue sharing may vary for different Dealers.  Lord Abbett or Lord Abbett Distributor may choose not to make payments in relation to certain of the Lord Abbett Funds or certain classes of shares of any given Fund.  In addition, Lord Abbett’s method of calculating revenue sharing payments may be different from the methods that the Dealers use.  Please refer to the Fund’s Statement of Additional Information for additional information relating to revenue sharing payments.

 

Neither Lord Abbett nor Lord Abbett Distributor makes payments directly to a Dealer’s investment professionals, but rather they are made solely to the Dealer itself (with the

 

3


 

exception of expense reimbursements related to the attendance of a Dealer’s investment professionals at training and education meetings and at other meetings involving the Lord Abbett Funds).  The Dealers receiving additional payments include those that may recommend that their clients consider or select the Fund or other Lord Abbett Funds for investment purposes, including those that may include one or more of the Lord Abbett Funds on a “preferred” or “recommended” list of mutual funds.  In some circumstances, the payments may create an incentive for a Dealer or its investment professionals to recommend or sell shares of Lord Abbett Funds to a client over shares of other funds. For more specific information about any additional payments, including revenue sharing, made to your Dealer, please contact your investment professional.

 

The Fund’s portfolio transactions are not used to compensate Dealers that sell shares of the Lord Abbett Funds.  Lord Abbett places the Fund’s portfolio transactions with broker-dealers based on their ability to provide the best net results from the transaction to the Fund.  If Lord Abbett determines that a Dealer can provide the Fund with the best net results, Lord Abbett may place the Fund’s portfolio transactions with the Dealer even though it sells or has sold shares of the Fund.  In no event, however, does or will Lord Abbett give any consideration to a Dealer’s sales in deciding which Dealer to choose to execute the Fund’s portfolio transactions.  Lord Abbett maintains policies and procedures designed to ensure that it places portfolio transactions based on the Fund’s receipt of the best net results only.  These policies and procedures also permit Lord Abbett to give consideration to proprietary investment research a Dealer may provide to Lord Abbett.

 

4


 

SUPPLEMENT DATED MAY 1, 2008

TO THE STATEMENTS OF ADDITIONAL INFORMATION

 

(Class I Shares)

 

LORD ABBETT AFFILIATED FUND

 

LORD ABBETT BLEND TRUST

Lord Abbett Small Cap Blend Fund

 

LORD ABBETT DEVELOPING GROWTH FUND

 

LORD ABBETT INVESTMENT TRUST

Lord Abbett Convertible Fund

Lord Abbett Core Fixed Income Fund

Lord Abbett Floating Rate Fund

Lord Abbett High Yield Fund

Lord Abbett Income Fund

Lord Abbett Short Duration Income Fund

Lord Abbett Total Return Fund

Lord Abbett Strategic Allocation Fund

- Balanced Strategy Fund

- Diversified Equity Strategy Fund

- Diversified Income Strategy Fund

- Growth & Income Strategy Fund

 

LORD ABBETT LARGE CAP GROWTH FUND

 

LORD ABBETT MUNICIPAL INCOME FUND

Lord Abbett National Tax Free Income Fund

 

LORD ABBETT MUNICIPAL INCOME TRUST

Lord Abbett High Yield Municipal Bond Fund

 

LORD ABBETT RESEARCH FUND

Lord Abbett America’s Value Fund

Lord Abbett Growth Opportunities Fund

Lord Abbett Large Cap Core Fund

Lord Abbett Small Cap Value Fund

 

LORD ABBETT SECURITIES TRUST

Lord Abbett All Value Fund

Lord Abbett Strategic Allocation Fund

- Alpha Strategy Fund

Lord Abbett International Core Equity Fund

Lord Abbett International Opportunities Fund

Lord Abbett Large Cap Value Fund

Lord Abbett Micro Cap Growth Fund

Lord Abbett Micro Cap Value Fund

Lord Abbett Value Opportunities Fund

 

LORD ABBETT U.S. GOVERNMENT & GOVERNMENT SPONSORED ENTERPRISES MONEY MARKET FUND

 


 

The section of each Fund’s statement of additional information titled “Purchases, Redemptions, Pricing, and Payments to Dealers – Revenue Sharing and Other Payments to Dealers and Financial Intermediaries” is supplemented with the following:

 

Lord Abbett, Lord Abbett Distributor and the Fund may make other payments to dealers and other firms authorized to accept orders for Fund shares (collectively, “Dealers”).

 

Lord Abbett or Lord Abbett Distributor makes payments to Dealers in its sole discretion, at its own expense and out of its own resources (including revenues from advisory fees) and without additional cost to the Fund or the Fund’s shareholders.  This compensation from Lord Abbett is not reflected in the fees and expenses listed above in the Fee Table section of this Prospectus.  The payments may be for activities including but not limited to the following:

 

· marketing and/or distribution support for Dealers;

 

· the Dealers’ and their investment professionals’ shareholder servicing efforts;

 

· training and education activities for the Dealers, their investment professionals and/or their clients or potential clients;

 

· certain information regarding Dealers and their investment professionals;

 

· sponsoring or otherwise bearing, in part or in whole, the costs for other meetings of Dealers’ investment professionals and/or their clients or potential clients;

 

· the purchase of products or services from the Dealers, such as investment research, software tools or data for investment analysis purposes;

 

· certain Dealers’ costs associated with orders relating to Fund shares (“ticket charges”); and/or

 

· any other permissible activity that Lord Abbett or Lord Abbett Distributor, in its sole discretion, believes would facilitate sales of Fund shares.

 

Some of these payments are sometimes called “revenue sharing” payments.  Most of these payments are intended to reimburse Dealers directly or indirectly for the costs they or their investment professionals incur in connection with educational seminars and training efforts about the Lord Abbett Funds to enable the Dealers and their investment professionals to make recommendations and provide services that are suitable and useful in meeting shareholder needs, as well as to maintain the necessary infrastructure to make the Lord Abbett Funds available to shareholders.  The costs and expenses related to these efforts may include travel, lodging, entertainment and meals, among other things. Lord Abbett or Lord Abbett Distributor may benefit from revenue sharing if the Dealer features the Fund in its sales system (such as by placing the Fund on its preferred fund list or giving access on a preferential basis to members of the Financial Intermediary’s sales force or management).  In addition, Lord Abbett Distributor may agree to participate in the Dealer’s marketing efforts (such as by helping to facilitate or provide financial assistance for conferences, seminars or other programs at which Lord Abbett personnel may make presentations on the Fund to the intermediary’s sales force).  To the

 

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extent the Dealers sell more shares of the Fund or retain shares of the Fund in their clients’ accounts, Lord Abbett receives greater management and other fees due to the increase in the Fund’s assets.  Although a Dealer may request additional compensation from Lord Abbett to offset costs incurred by the Dealer servicing its clients, the Dealer may earn a profit on these payments, if the amount of the payment exceeds the Dealer’s costs.

 

Lord Abbett or Lord Abbett Distributor, in its sole discretion, determines the amounts of payments to Dealers, with the exception of purchases of products or services and certain expense reimbursements.  Lord Abbett and Lord Abbett Distributor consider many factors in determining the amount of any additional payments to Dealers.  These factors include, but are not limited to, the Dealer’s sales, assets and redemption rates relating to Lord Abbett Funds, penetration of Lord Abbett Fund sales among investment professionals within the Dealer, and the potential to expand Lord Abbett’s relationship with the Dealer. Lord Abbett and Lord Abbett Distributor also may take into account other business relationships Lord Abbett has with a Dealer, including other Lord Abbett financial products or advisory services sold by or provided to a Dealer or one or more of its affiliates.  Based on its analysis of these factors, Lord Abbett groups most Dealers into tiers, each of which is associated with a particular maximum amount of revenue sharing payments expressed as a percentage of assets of the Lord Abbett Funds attributable to that particular Dealer.  The tiered payments generally range from 0.02% to 0.10% of Lord Abbett Fund assets attributable to the Dealer and/or its investment professionals.  For certain relationships with Dealers selling the Lord Abbett Funds in connection with variable insurance products, Lord Abbett or Lord Abbett Distributor may make payments generally ranging from 0.05% to 0.15% of the related Lord Abbett Funds’ assets and/or sales.  However, Lord Abbett or Lord Abbett Distributor from time to time may pay revenue sharing in excess of these amounts to cultivate new relationships with Dealers it believes have the potential to sell significant amounts of Fund shares.  In such cases, Lord Abbett expects that over time, as these relationships grow, the amount of revenue sharing paid to such Dealers would conform to levels that fall within the ranges described above.  The payments may not include payments for certain items, such as training and education activities, other meetings, and the purchase of certain products and services from the Dealers.  On occasion, Lord Abbett also may make payments to Dealers on a basis unrelated to its assessment of the prospects for a long-term distribution relationship. Not all Dealers receive revenue sharing payments and the amount of revenue sharing may vary for different Dealers.  Lord Abbett or Lord Abbett Distributor may choose not to make payments in relation to certain of the Lord Abbett Funds or certain classes of shares of any given Fund.  In addition, Lord Abbett’s method of calculating revenue sharing payments may be different from the methods that the Dealers use.  Please refer to the Fund’s Statement of Additional Information for additional information relating to revenue sharing payments.

 

Neither Lord Abbett nor Lord Abbett Distributor makes payments directly to a Dealer’s investment professionals, but rather they are made solely to the Dealer itself (with the exception of expense reimbursements related to the attendance of a Dealer’s investment professionals at training and education meetings and at other meetings involving the Lord Abbett Funds).  The Dealers receiving additional payments include those that may recommend that their clients consider or select the Fund or other Lord Abbett Funds for investment purposes, including those that may include one or more of the Lord Abbett Funds on a “preferred” or “recommended” list of mutual funds.  In some circumstances, the payments may create an incentive for a Dealer or its investment professionals to

 

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recommend or sell shares of Lord Abbett Funds to a client over shares of other funds. For more specific information about any additional payments, including revenue sharing, made to your Dealer, please contact your investment professional.

 

The Fund’s portfolio transactions are not used to compensate Dealers that sell shares of the Lord Abbett Funds.  Lord Abbett places the Fund’s portfolio transactions with broker-dealers based on their ability to provide the best net results from the transaction to the Fund.  If Lord Abbett determines that a Dealer can provide the Fund with the best net results, Lord Abbett may place the Fund’s portfolio transactions with the Dealer even though it sells or has sold shares of the Fund.  In no event, however, does or will Lord Abbett give any consideration to a Dealer’s sales in deciding which Dealer to choose to execute the Fund’s portfolio transactions.  Lord Abbett maintains policies and procedures designed to ensure that it places portfolio transactions based on the Fund’s receipt of the best net results only.  These policies and procedures also permit Lord Abbett to give consideration to proprietary investment research a Dealer may provide to Lord Abbett.

 

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