NEWPORT GREATER CHINA FUND

                Supplement to Prospectus dated December 12, 1997

The Fund's Prospectus is amended as follows:

In order to discourage short-term  speculation and to offset the costs resulting
from such speculation, effective June 15, 1998, the Fund will impose a 2.00% fee
on redemptions and exchanges of Fund shares held for five business days or less.
Therefore,  Shareholder  Transaction  Expenses  is  amended in its  entirety  as
follows:

Shareholder Transaction Expenses (1)(2)
                                             Class A       Class B       Class C
Maximum initial sales charge imposed on a   5.75%         0.00%(4)      0.00%(4)
    purchase  (as a % of offering price)(3)                    
Maximum contingent deferred sales charge    1.00%(5)      5.00%         1.00%
    (as a % of offering price)(3)
Maximum contingent redemption fee(3)(6)     2.00%         2.00%         2.00%

(1) For accounts less than $1,000 an annual fee of $10 may be deducted. See "How
to Buy Shares." (2)  Redemption  proceeds  exceeding $500 sent via federal funds
wire will be subject to a $7.50 charge per
       transaction.
(3)    Does not apply to reinvested distributions.
(4)    Because of the 0.75%  distribution  fee applicable to Class B and Class C
       shares,  long-term  Class B and  Class  C  shareholders  may pay  more in
       aggregate sales charges than the maximum  initial sales charge  permitted
       by the National Association of Securities Dealers, Inc. However,  because
       Class  B  shares   automatically   convert   to  Class  A  shares   after
       approximately 8 years,  this is less likely for Class B shares than for a
       class without a conversion feature.
(5)    Only with respect to any portion of purchases of $1 million to $5 million
       redeemed  within  approximately  18 months after purchase.  See "How to 
       Buy Shares."
(6)    A  contingent  redemption  fee in the  amount  of  2.00%  is  imposed  on
       redemptions  or  exchanges  of Fund  shares  purchased  and held for five
       business days or less. See "Contingent  Redemption Fee" under the caption
       "How to Sell Shares."

In  addition,  a new  sub-caption  is added as the  second  paragraph  under the
caption "How to Sell Shares" as follows:

Contingent   Redemption   Fee.  The  Fund  can  experience   substantial   price
fluctuations and is intended for long-term investors. Short-term "market timers"
who  engage in  frequent  purchases  and  redemptions  can  disrupt  the  Fund's
investment program and create additional transaction costs that are borne by all
shareholders.  For these  reasons,  the Fund will assess a redemption fee in the
amount of 2.00% on redemptions  and exchanges of Fund shares  purchased and held
for five business days or less.

The  contingent  redemption  fee  will  be  paid  to the  Fund  to  help  offset
transaction costs. The Fund will use the "first-in,  first-out" (FIFO) method to
determine the five business day holding period.  Under this method,  the date of
the  redemption or exchange will be compared with the earliest  purchase date of
shares held in the account.  If this  holding  period is five  business  days or
less, the contingent redemption fee will be assessed.

The contingent redemption fee does not apply to any shares purchased through the
reinvestment of dividends. The fee may not apply to omnibus accounts.

(B) The following  paragraph is added to the subcaption Class C Shares under the
caption "How to Buy Shares":

The Fund's  Class C share  exchange  policy  will be modified to permit only one
"roundtrip"  exchange  per  three-month  period,  measured  from the date of the
initial  purchase.  For example,  an exchange  from Fund X to Fund Y and back to
Fund X would be permitted only once during each three-month period.


GC-36/036-0398                                                   April 1, 1998










                           NEWPORT GREATER CHINA FUND
                                 CLASS Z SHARES

                            Supplement to Prospectus
                             dated December 12, 1997


The Fund's Prospectus is amended as follows:

In order to discourage short-term  speculation and to offset the costs resulting
from such speculation, effective June 15, 1998, the Fund will impose a 2.00% fee
on redemptions and exchanges of Fund shares held for five business days or less.
Therefore,  Shareholder  Transaction  Expenses  is  amended in its  entirety  as
follows:

Shareholder Transaction Expenses (1)(2)
Maximum initial sales charge imposed on     0.00%
    a purchase  (as a % of offering
price)
Maximum contingent deferred sales           0.00%
    charge (as a % of offering price)
Maximum contingent redemption fee(3)        2.00%

(1)     For accounts less than $1,000 an annual fee
        of $10 may be deducted.  See "How to Buy
        Shares."
(2)     Redemption  proceeds  exceeding $500 sent via federal funds wire will be
        subject to a $7.50 charge per transaction.
(3)     A  contingent  redemption  fee in the  amount  of  2.00% is  imposed  on
        redemptions  or  exchanges  of Fund shares  purchased  and held for five
        business days or less. See "Contingent Redemption Fee" under the caption
        "How to Sell Shares."






In  addition,  a new  sub-caption  is added as the  second  paragraph  under the
caption "How to Sell Shares" as follows:

Contingent   Redemption   Fee.  The  Fund  can  experience   substantial   price
fluctuations and is intended for long-term investors. Short-term "market timers"
who  engage in  frequent  purchases  and  redemptions  can  disrupt  the  Fund's
investment program and create additional transaction costs that are borne by all
shareholders.  For these  reasons,  the Fund will assess a redemption fee in the
amount of 2.00% on redemptions  and exchanges of Fund shares  purchased and held
for five business days or less.

The  contingent  redemption  fee  will  be  paid  to the  Fund  to  help  offset
transaction costs. The Fund will use the "first-in,  first-out" (FIFO) method to
determine the five business day holding period.  Under this method,  the date of
the  redemption or exchange will be compared with the earliest  purchase date of
shares held in the account.  If this  holding  period is five  business  days or
less, the contingent redemption fee will be assessed.

The contingent redemption fee does not apply to any shares purchased through the
reinvestment of dividends. The fee may not apply to omnibus accounts.

GC-36/037-0398                                          April 1, 1998


                                       COLONIAL NEWPORT TIGER CUB FUND
                               Supplement to Prospectus dated December 29, 1997

The Fund's Prospectus is amended as follows:

(A) In order to  discourage  short-term  speculation  and to  offset  the  costs
resulting from such speculation, effective June 15, 1998, the Fund will impose a
2.00% fee on  redemptions  and  exchanges of Fund shares held for five  business
days or less.  Therefore,  Shareholder  Transaction  Expenses  is amended in its
entirety as follows:

Shareholder Transaction Expenses (1)(2)
                                           Class A      Class B        Class C
Maximum initial sales charge imposed on a   5.75%       0.00%(4)       0.00%(4)
    purchase  (as a % of offering price)(3)
Maximum contingent deferred sales charge    1.00%(5)    5.00%          1.00%
    (as a % of offering price)(3)
Maximum contingent redemption fee(3)(6)     2.00%       2.00%          2.00%

(1) For accounts less than $1,000 an annual fee of $10 may be deducted. See "How
to Buy Shares." (2)  Redemption  proceeds  exceeding $500 sent via federal funds
wire will be subject to a $7.50 charge per
       transaction.
(3)    Does not apply to reinvested distributions.
(4)    Because of the 0.75%  distribution  fee applicable to Class B and Class C
       shares,  long-term  Class B and  Class  C  shareholders  may pay  more in
       aggregate sales charges than the maximum  initial sales charge  permitted
       by the National Association of Securities Dealers, Inc. However,  because
       Class  B  shares   automatically   convert   to  Class  A  shares   after
       approximately 8 years,  this is less likely for Class B shares than for a
       class without a conversion feature.
(5)    Only with respect to any portion of purchases of $1 million to $5 million
       redeemed within  approximately 18 months after purchase.  See "How to
       Buy Shares."
(6)    A  contingent  redemption  fee in the  amount  of  2.00%  is  imposed  on
       redemptions  and  exchanges  of Fund shares  purchased  and held for five
       business days or less. See "Contingent  Redemption Fee" under the caption
       "How to Sell Shares."

In  addition,  a new  sub-caption  is added as the  second  paragraph  under the
caption "How to Sell Shares" as follows:

Contingent   Redemption   Fee.  The  Fund  can  experience   substantial   price
fluctuations and is intended for long-term investors. Short-term "market timers"
who  engage in  frequent  purchases  and  redemptions  can  disrupt  the  Fund's
investment program and create additional transaction costs that are borne by all
shareholders.  For these  reasons,  the Fund will assess a redemption fee in the
amount of 2.00% on redemptions  and exchanges of Fund shares  purchased and held
for five business days or less.

The  contingent  redemption  fee  will  be  paid  to the  Fund  to  help  offset
transaction costs. The Fund will use the "first-in,  first-out" (FIFO) method to
determine the five business day holding period.  Under this method,  the date of
the  redemption or exchange will be compared with the earliest  purchase date of
shares held in the account.  If this  holding  period is five  business  days or
less, the contingent redemption fee will be assessed.

The contingent redemption fee does not apply to any shares purchased through the
reinvestment of dividends. The fee may not apply to omnibus accounts.

(B) The following  paragraph is added to the subcaption Class C Shares under the
caption "How to Buy Shares":

The Fund's  Class C share  exchange  policy  will be modified to permit only one
"roundtrip"  exchange  per  three-month  period,  measured  from the date of the
initial  purchase.  For example,  an exchange  from Fund X to Fund Y and back to
Fund X would be permitted only once during each three-month period.

CF-36/038F-0398                                                   April 1, 1998









                         COLONIAL NEWPORT TIGER CUB FUND
                                 CLASS Z SHARES

                            Supplement to Prospectus
                             dated December 29, 1997


The Fund's Prospectus is amended as follows:

In order to discourage short-term  speculation and to offset the costs resulting
from such speculation, effective June 15, 1998, the Fund will impose a 2.00% fee
on redemptions and exchanges of Fund shares held for five business days or less.
Therefore,  Shareholder  Transaction  Expenses  is  amended in its  entirety  as
follows:

Shareholder Transaction Expenses (1)(2)
Maximum initial sales charge imposed        0.00%
on a purchase  (as a % of offering
price)
Maximum contingent deferred sales           0.00%
charge (as a % of offering price)
Maximum contingent redemption fee(3)        2.00%

(1)    For  accounts  less than $1,000 an annual fee
       of  $10  may be  deducted.  See  "How  to Buy
       Shares."
(2)    Redemption  proceeds  exceeding  $500 sent via federal funds wire will be
       subject to a $7.50 charge per transaction.
(3)    A  contingent  redemption  fee in the  amount  of  2.00%  is  imposed  on
       redemptions  or exchanges of Fund shares held for five  business  days or
       less of purchase.  See "Contingent Redemption Fee" under the caption "How
       to Sell Shares."






In  addition,  a new  sub-caption  is added as the  second  paragraph  under the
caption "How to Sell Shares" as follows:

Contingent   Redemption   Fee.  The  Fund  can  experience   substantial   price
fluctuations and is intended for long-term investors. Short-term "market timers"
who  engage in  frequent  purchases  and  redemptions  can  disrupt  the  Fund's
investment program and create additional transaction costs that are borne by all
shareholders.  For these  reasons,  the Fund will assess a redemption fee in the
amount of 2.00% on redemptions  and exchanges of Fund shares  purchased and held
for five business days or less.

The  contingent  redemption  fee  will  be  paid  to the  Fund  to  help  offset
transaction costs. The Fund will use the "first-in,  first-out" (FIFO) method to
determine the five business day holding period.  Under this method,  the date of
the  redemption or exchange will be compared with the earliest  purchase date of
shares held in the account.  If this  holding  period is five  business  days or
less, the contingent redemption fee will be assessed.

The contingent redemption fee does not apply to any shares purchased through the
reinvestment of dividends. The fee may not apply to omnibus accounts.


CF-36/039F-0398                                        April 1, 1998


                                       NEWPORT JAPAN OPPORTUNITIES FUND
                               Supplement to Prospectus dated December 3, 1997

The Fund's Prospectus is amended as follows:

(A) In order to  discourage  short-term  speculation  and to  offset  the  costs
resulting from such speculation, effective June 15, 1998, the Fund will impose a
2.00% fee on  redemptions  and  exchanges of Fund shares held for five  business
days or less.  Therefore,  Shareholder  Transaction  Expenses  is amended in its
entirety as follows:

Shareholder Transaction Expenses (1)(2)
                                            Class A      Class B       Class C
Maximum initial sales charge imposed on a    5.75%       0.00%(4)      0.00%(4)
    purchase (as a % of offering price)(3)
Maximum contingent deferred sales charge     1.00%(5)    5.00%         1.00%
    (as a % of offering price)(3)
Maximum contingent redemption fee(3)(6)      2.00%       2.00%         2.00%

(1) For accounts less than $1,000 an annual fee of $10 may be deducted. See "How
to Buy Shares." (2)  Redemption  proceeds  exceeding $500 sent via federal funds
wire will be subject to a $7.50 charge
        per transaction.
(3)     Does not apply to reinvested distributions.
(4)     Because of the 0.75%  distribution fee applicable to Class B and Class C
        shares,  long-term  Class B and  Class C  shareholders  may pay  more in
        aggregate sales charges than the maximum initial sales charge  permitted
        by the National Association of Securities Dealers, Inc. However, because
        Class  B  shares   automatically   convert  to  Class  A  shares   after
        approximately 8 years, this is less likely for Class B shares than for a
        class without a conversion feature.
(5)     Only with  respect  to any  portion  of  purchases  of $1  million  to 
        $5  million  redeemed  within approximately 18 months after purchase. 
        See "How to Buy Shares."
(6)     A  contingent  redemption  fee in the  amount  of  2.00% is  imposed  on
        redemptions  and  exchanges of Fund shares  purchased  and held for five
        business days or less. See "Contingent Redemption Fee" under the caption
        "How to Sell Shares."

In  addition,  a new  sub-caption  is added as the  second  paragraph  under the
caption "How to Sell Shares" as follows:

Contingent   Redemption   Fee.  The  Fund  can  experience   substantial   price
fluctuations and is intended for long-term investors. Short-term "market timers"
who  engage in  frequent  purchases  and  redemptions  can  disrupt  the  Fund's
investment program and create additional transaction costs that are borne by all
shareholders.  For these  reasons,  the Fund will assess a redemption fee in the
amount of 2.00% on redemptions  and exchanges of Fund shares  purchased and held
for five business days or less.

The  contingent  redemption  fee  will  be  paid  to the  Fund  to  help  offset
transaction costs. The Fund will use the "first-in,  first-out" (FIFO) method to
determine the five business day holding period.  Under this method,  the date of
the  redemption or exchange will be compared with the earliest  purchase date of
shares held in the account.  If this  holding  period is five  business  days or
less, the contingent redemption fee will be assessed.

The contingent redemption fee does not apply to any shares purchased through the
reinvestment of dividends. The fee may not apply to omnibus accounts.

(B) The following  paragraph is added to the subcaption Class C Shares under the
caption "How to Buy Shares":

The Fund's  Class C share  exchange  policy  will be modified to permit only one
"roundtrip"  exchange  per  three-month  period,  measured  from the date of the
initial  purchase.  For example,  an exchange  from Fund X to Fund Y and back to
Fund X would be permitted only once during each three-month period.

JF-36/034F-0398                                                April 1, 1998







                        NEWPORT JAPAN OPPORTUNITIES FUND
                                 CLASS Z SHARES

                            Supplement to Prospectus
                             dated December 3, 1997


The Fund's Prospectus is amended as follows:

In order to discourage short-term  speculation and to offset the costs resulting
from such speculation, effective June 15, 1998, the Fund will impose a 2.00% fee
on redemptions and exchanges of Fund shares held for five business days or less.
Therefore,  Shareholder  Transaction  Expenses  is  amended in its  entirety  as
follows:

Shareholder Transaction Expenses (1)(2)
Maximum initial sales charge imposed      0.00%
on
    a purchase (as a % of offering
price)
Maximum contingent deferred sales         0.00%
    charge (as a % of offering price)
Maximum contingent redemption fee(3)      2.00%

(1)    For  accounts  less than  $1,000 an annual
       fee of $10 may be  deducted.  See  "How to
       Buy Shares."
(2)    Redemption  proceeds  exceeding  $500 sent via federal funds wire will be
       subject to a $7.50 charge per transaction.
(3)    A  contingent  redemption  fee in the  amount  of  2.00%  is  imposed  on
       redemptions  or exchanges of Fund shares held for five  business  days or
       less of purchase.  See "Contingent Redemption Fee" under the caption "How
       to Sell Shares."





In  addition,  a new  sub-caption  is added as the  second  paragraph  under the
caption "How to Sell Shares" as follows:

Contingent   Redemption   Fee.  The  Fund  can  experience   substantial   price
fluctuations and is intended for long-term investors. Short-term "market timers"
who  engage in  frequent  purchases  and  redemptions  can  disrupt  the  Fund's
investment program and create additional transaction costs that are borne by all
shareholders.  For these  reasons,  the Fund will assess a redemption fee in the
amount of 2.00% on redemptions  and exchanges of Fund shares  purchased and held
for five business days or less.

The  contingent  redemption  fee  will  be  paid  to the  Fund  to  help  offset
transaction costs. The Fund will use the "first-in,  first-out" (FIFO) method to
determine the five business day holding period.  Under this method,  the date of
the  redemption or exchange will be compared with the earliest  purchase date of
shares held in the account.  If this  holding  period is five  business  days or
less, the contingent redemption fee will be assessed.

The contingent redemption fee does not apply to any shares purchased through the
reinvestment of dividends. The fee may not apply to omnibus accounts.

JF-36/035F-0398                                        April 1, 1998


                                         COLONIAL NEWPORT TIGER FUND

                                Supplement to Prospectus dated April 30, 1997
                                 (Replacing Supplement dated March 10, 1998)

The Fund's Prospectus is amended as follows:

(A) In order to  discourage  short-term  speculation  and to  offset  the  costs
resulting from such speculation, effective June 15, 1998, the Fund will impose a
2.00% fee on  redemptions  and  exchanges of Fund shares held for five  business
days or less.  Therefore,  Shareholder  Transaction  Expenses  is amended in its
entirety as follows:

Shareholder Transaction Expenses (1)(2)
                                         Class A    Class B    Class C   Class T
Maximum initial sales charge imposed       5.75%    0.00%(4)   0.00%(4) 5.75%
    on a purchase  (as a % of 
    offering price)(3)
Maximum contingent deferred sales          1.00%(5) 5.00%      1.00%    1.00%(4)
    charge (as a % of offering price)(3)
Maximum contingent redemption fee(3)(6)    2.00%    2.00%      2.00%    2.00%

(1) For accounts less than $1,000 an annual fee of $10 may be deducted. See "How
to Buy Shares." (2)  Redemption  proceeds  exceeding $500 sent via federal funds
wire will be subject to a $7.50 charge
          per transaction.
(3)       Does not apply to reinvested distributions.
(4)       Because of the 0.75%  distribution fee applicable to Class B and Class
          C shares,  long-term Class B and Class C shareholders  may pay more in
          aggregate   sales  charges  than  the  maximum  initial  sales  charge
          permitted by the National  Association  of  Securities  Dealers,  Inc.
          However,  because  Class B  shares  automatically  convert  to Class A
          shares after  approximately  8 years,  this is less likely for Class B
          shares than for a class without a conversion feature.
(5)       Only with  respect  to any  portion  of  purchases  of $1  million  to
          $5  million  redeemed  within approximately 18 months after purchase.
          See "How to Buy Shares."
(6)       A  contingent  redemption  fee in the  amount of 2.00% is  imposed  on
          redemptions  and exchanges of Fund shares  purchased and held for five
          business  days or less.  See  "Contingent  Redemption  Fee"  under the
          caption "How to Sell Shares."

In  addition,  a new  sub-caption  is added as the  second  paragraph  under the
caption "How to Sell Shares" as follows:

Contingent   Redemption   Fee.  The  Fund  can  experience   substantial   price
fluctuations and is intended for long-term investors. Short-term "market timers"
who  engage in  frequent  purchases  and  redemptions  can  disrupt  the  Fund's
investment program and create additional transaction costs that are borne by all
shareholders.  For these  reasons,  the Fund will assess a redemption fee in the
amount of 2.00% on redemptions  and exchanges of Fund shares  purchased and held
for five business days or less.

The  contingent  redemption  fee  will  be  paid  to the  Fund  to  help  offset
transaction costs. The Fund will use the "first-in,  first-out" (FIFO) method to
determine the five business day holding period.  Under this method,  the date of
the  redemption or exchange will be compared with the earliest  purchase date of
shares held in the account.  If this  holding  period is five  business  days or
less, the contingent redemption fee will be assessed.

The contingent redemption fee does not apply to any shares purchased through the
reinvestment of dividends. The fee may not apply to omnibus accounts.

(B) The Fund's Trustees approved a name change for the Fund's Class D shares and
eliminated  the Class D share initial sales charge.  The Fund's "Class D" shares
have been renamed "Class C" shares and any reference in the Fund's Prospectus to
"Class D" shares is now a  reference  to "Class C" shares.  Except as  described
below,  the other  features of Class D shares  remain  unchanged,  including the
1.00% contingent deferred sales charge.

The two  paragraphs  following the  subcaption  Class D Shares under the caption
"How to Buy Shares" are revised in their entirety as follows:

Class C Shares. Class C shares are offered at net asset value and are subject to
a 0.75% annual  distribution fee and a 1.00% contingent deferred sales charge on
redemptions  made  within  one year  after  the end of the  month  in which  the
purchase was accepted.

The Distributor pays financial  service firms an initial  commission of 1.00% on
Class C share purchases and an ongoing  commission of 0.75% annually  commencing
after the shares  purchased have been  outstanding for one year.  Payment of the
ongoing  commission is  conditioned  on receipt by the  Distributor of the 0.75%
annual  distribution  fee referred to above.  The  commission  may be reduced or
eliminated if the distribution fee paid by the Fund is reduced or eliminated for
any reason.

The Fund's  Class C share  exchange  policy  will be modified to permit only one
"roundtrip"  exchange  per  three-month  period,  measured  from the date of the
initial  purchase.  For example,  an exchange  from Fund X to Fund Y and back to
Fund X would be permitted only once during each three-month period.

(C)  Effective  April 30,  1998,  the Fund's name is changed to  "Newport  Tiger
Fund." The Fund's address and telephone number remain unchanged.

(D)  The  Fund's   Distributor  has  changed  its  name  to  "Liberty  Financial
Investments,  Inc."  The  Distributor's  address  and  telephone  number  remain
unchanged.



NT-36/965E-0498                                                  April 1, 1998







                           COLONIAL NEWPORT TIGER FUND
                                 CLASS Z SHARES

                  Supplement to Prospectus dated April 30, 1997
                   (Replacing Supplement dated March 10, 1998)

The Fund's Prospectus is amended as follows:

(A) In order to  discourage  short-term  speculation  and to  offset  the  costs
resulting from such speculation, effective June 15, 1998, the Fund will impose a
2.00% fee on  redemptions  and  exchanges of Fund shares held for five  business
days or less.  Therefore,  Shareholder  Transaction  Expenses  is amended in its
entirety as follows:

Shareholder Transaction Expenses (1)(2)
Maximum initial sales charge imposed   0.00%
    on a purchase  (as a % of
offering
    price)
Maximum contingent deferred sales      0.00%
     charge (as a % of offering
price)
Maximum contingent redemption fee(3)   2.00%

(1)    For accounts less than $1,000 an annual fee of $10 may be deducted.
       See "How to Buy Shares."
(2)    Redemption   proceeds  exceeding  $500
       sent via  federal  funds  wire will be
       subject   to  a   $7.50   charge   per
       transaction.
(3)    A contingent redemption fee in the
       amount of 2.00% is imposed on
       redemptions or exchanges of Fund
       shares purchased and held for five
       business days or less.  See
       "Contingent Redemption Fee" under the
       caption "How to Sell Shares."





In  addition,  a new  sub-caption  is added as the  second  paragraph  under the
caption "How to Sell Shares" as follows:

Contingent   Redemption   Fee.  The  Fund  can  experience   substantial   price
fluctuations and is intended for long-term investors. Short-term "market timers"
who  engage in  frequent  purchases  and  redemptions  can  disrupt  the  Fund's
investment program and create additional transaction costs that are borne by all
shareholders.  For these  reasons,  the Fund will assess a redemption fee in the
amount of 2.00% on redemptions  and exchanges of Fund shares  purchased and held
for five business days or less.

The  contingent  redemption  fee  will  be  paid  to the  Fund  to  help  offset
transaction costs. The Fund will use the "first-in,  first-out" (FIFO) method to
determine the five business day holding period.  Under this method,  the date of
the  redemption or exchange will be compared with the earliest  purchase date of
shares held in the account.  If this  holding  period is five  business  days or
less, the contingent redemption fee will be assessed.

The contingent redemption fee does not apply to any shares purchased through the
reinvestment of dividends. The fee may not apply to omnibus accounts.

(B)  Effective  April 30,  1998,  the Fund's name is changed to  "Newport  Tiger
Fund." The Fund's address and telephone number remain unchanged.

(C)  The  Fund's   Distributor  has  changed  its  name  to  "Liberty  Financial
Investments,  Inc."  The  Distributor's  address  and  telephone  number  remain
unchanged.

NT-36/966E-0498                                April 1, 1998