497 1 comb4972001.txt SUPPLEMENTS TO PROS. & SAI DATED 05/01/2001 THE WRIGHT MANAGED BLUE CHIP INVESTMENT FUNDS Supplement to Combined Prospectus of THE WRIGHT MANAGED EQUITY TRUST Wright Selected Blue Chip Equities Fund Wright Major Blue Chip Equities Fund Wright International Blue Chip Equities Fund THE WRIGHT MANAGED INCOME TRUST Wright U.S. Treasury Fund Wright U.S. Government Near Term Fund Wright Total Return Bond Fund Wright Current Income Fund Wright U.S. Treasury Money Market Fund dated May 1, 2001 As of the date of this Supplement, the INSTITUTIONAL SHARES of Wright Selected Blue Chip Equities Fund, Wright U.S. Treasury Fund and Wright U.S. Government Near Term Fund are not available for purchase. Contact the Principal Underwriter or your broker for the latest information. July 23,2001 THE WRIGHT MANAGED BLUE CHIP INVESTMENT FUNDS Supplement to Combined Statement of Additional Information of THE WRIGHT MANAGED EQUITY TRUST Wright Selected Blue Chip Equities Fund Wright Major Blue Chip Equities Fund Wright International Blue Chip Equities Fund THE WRIGHT MANAGED INCOME TRUST Wright U.S. Treasury Fund Wright U.S. Government Near Term Fund Wright Total Return Bond Fund Wright Current Income Fund Wright U.S. Treasury Money Market Fund dated May 1, 2001 As of the date of this Supplement, the INSTITUTIONAL SHARES of Wright Selected Blue Chip Equities Fund, Wright U.S. Treasury Fund and Wright U.S. Government Near Term Fund are not available for purchase. Contact the Principal Underwriter or your broker for the latest information. July 23,2001