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Delaware Trend® Fund - Shareholder Literature


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Funds that invest small and/or mid-size company stocks typically involve greater risk, particularly in the short term, than those investing in larger, more established companies.

Effective at the close of business on May 31, 2007, no new or subsequent investments will be allowed in Class B shares of the Delaware Investments® Family of Funds except through a reinvestment of dividends or capital gains or permitted exchanges. http://www.delawareinvestments.com/Corporate/shareholder/supp_bclass.pdf

Investing involves risk, including the possible loss of principal.

Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund's prospectus, which may be obtained by clicking on the prospectus link above or calling 800 523-1918. Investors should read the prospectus carefully before investing.

The Fund is distributed by Delaware Distributors, L.P., an affiliate of DMHI, and MGL.

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