THE WRIGHT MANAGED EQUITY TRUST
                         THE WRIGHT MANAGED INCOME TRUST

                       Supplement dated September 26, 2003
                       to the Prospectus dated May 1, 2003

   IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT WITH THE WRIGHT FUNDS:

To help fight the funding of terrorism and prevent money laundering  activities,
Federal law now requires all financial institutions to obtain, verify and record
information that identifies each person who opens an account.

What this means for you: When you open a new account with the Funds, we will ask
for your name,  address,  date of birth and other information that will allow us
to  identify  you.  We may  also  ask to see  your  driver's  license  or  other
identifying documents.  We may also seek information to identify you from public
sources.  Failure to provide such  information  may result in a delay in opening
your account.

                             * * * * * *


     Call Wright Investors' Service Distributors,Inc. at 1-800-888-9471
     for more information.


                     INVESTORS SHOULD RETAIN THIS SUPPLEMENT
                    WITH THE PROSPECTUS FOR FUTURE REFERENCE.