July 1, 1998

                   Blue Chip Fund/Social Awareness Fund
               Decatur Income Fund/Decatur Total Return Fund
                         Delaware Fund/Devon Fund
                                DelCap Fund
                              Delchester Fund
                 Emerging Markets Fund/Global Assets Fund 
               (to be renamed Global Equity Fund 
               on July 21, 1998)/Global Bond Fund
                       High-Yield Opportunities Fund
                         International Equity Fund
                                 REIT Fund
                           Small Cap Value Fund
                           Strategic Income Fund
                                Trend Fund
         U.S. Growth Fund/Overseas Equity Fund/New Pacific Fund
                          U.S. Government Fund
     
               Class A Shares/Class B Shares/Class C Shares

           Supplement to the Current Prospectuses for the above 
                             Referenced Funds
     
The following amends all of the sections of the relevant Prospectus
discussing the dealer's commission that may be payable on purchases of $1
million or more of Class A Shares and the Limited CDSC applicable to
redemptions of those shares:  

     Beginning July 1, 1998, for initial purchases of Class A
Shares of $1 million or more, a dealer's commission may be paid
by the Distributor to financial advisers through whom such
purchases are made in accordance with the following schedule:


                                   Dealer's Commission
                                   (as a percentage of
Amount of Purchase                 amount purchased)

Up to $5 million                        1.00%
Next $20 million up to $25 million      0.50
Amount over $25 million                 0.25

Such Class A Shares are subject to a Limited CDSC of 1% if shares
are redeemed during the first year after purchase and 0.50% if
shares are redeemed during the second year after purchase.

     The Limited CDSC will be paid to the Distributor and will be
assessed on an amount equal to the lesser of (1) the net asset
value at the time of purchase of the Class A Shares being
redeemed or (2) the net asset value of such Class A Shares at the
time of redemption.  

     Redemptions of such Class A Shares held for more than two
years will not be subjected to the Limited CDSC and an exchange
of such Class A Shares into another fund in the Delaware
Investments family will not trigger the imposition of the Limited
CDSC at the time of such exchange.  The period a shareholder owns
shares into which Class A Shares are exchanged will count towards
satisfying the two-year holding period.  The Limited CDSC is
assessed if such two-year period is not satisfied irrespective of
whether the redemption triggering its payment is of Class A
Shares of a Fund or Class A Shares acquired in the exchange.  


The following replaces the section of the Prospectus entitled Statements
and Confirmation under The Delaware Difference:

Statements and Confirmations
     You will receive quarterly statements of your account
summarizing all transactions during the period.  A confirmation
statement will be sent following all transactions other than
those involving a reinvestment of dividends and those involving
payroll deferrals into SIMPLE IRA accounts.  You should examine
statements and confirmations immediately and promptly report any
discrepancy by calling the Shareholder Service Center.

The following supplements the section of the Prospectus for Social 
Awareness Fund entitled Social Criteria under Other Investment Policies 
and Risk Considerations:

     In addition to the social criteria presently stated in the Prospectus,
the Fund will not knowingly invest in or hold securities of companies
engaged in testing on animals in the development of their cosmetic or
personal care products.