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<dgprx:SupplementTextBlock contextRef="Context_Custom_17-May-2012_LegalEntityAxis_S000002422Member">&lt;p align="center"&gt;&lt;b&gt;&lt;font size="2" style="font-family:times new roman"&gt;OPTIMUM FUND TRUST &lt;/font&gt;&lt;/b&gt;&lt;/p&gt;
&lt;p align="center"&gt;&lt;b&gt;&lt;font size="2" style="font-family:times new roman"&gt;Optimum Large Cap Growth Fund &lt;/font&gt;&lt;/b&gt;&lt;/p&gt;
&lt;p align="center"&gt;&lt;b&gt;&lt;font size="2" style="font-family:times new roman"&gt;Supplement to the Fund&amp;#8217;s Institutional Class&lt;br  /&gt;Statutory Prospectus dated July 29, 2011 (the &amp;#8220;Prospectus&amp;#8221;)&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;
&lt;p align="left"&gt;&lt;i&gt;&lt;font size="2" style="font-family:times new roman"&gt;The following replaces the average annual total return table found in the Prospectus under &amp;#8220;How has Optimum Large Cap Growth Fund performed?&amp;#8221;.&lt;/font&gt;&lt;/i&gt;&lt;font size="2" style="font-family:times new roman"&gt; &lt;/font&gt;&lt;/p&gt;
&lt;p align="left"&gt;&lt;font size="2" style="font-family:times new roman"&gt;Average annual total returns&lt;/font&gt;&lt;b&gt;&lt;font size="2" style="font-family:times new roman"&gt; &lt;/font&gt;&lt;/b&gt;&lt;font size="2" style="font-family:times new roman"&gt;for periods ended December 31, 2010 &lt;/font&gt;&lt;/p&gt;
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&lt;tr valign="bottom"&gt;
&lt;td align="left" style="border-left: #000000 1pt solid; border-top: #000000 1pt solid;" width="69%" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="text-align: center; border-left: #000000 1pt solid; border-top: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="text-align: center; border-left: #000000 1pt solid; border-top: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="text-align: center; border-left: #000000 1pt solid; border-top: #000000 1pt solid; border-right: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;Lifetime&lt;/font&gt;&lt;/td&gt;
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&lt;tr valign="bottom"&gt;
&lt;td align="left" style="border-left: #000000 1pt solid;" width="69%" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="text-align: center; border-left: #000000 1pt solid; border-right: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;(8/1/03 to&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid;" width="69%" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;1 year&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;5 years&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-right: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;12/31/10)&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="69%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;Return before taxes&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;15.75%&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;2.32%&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-right: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;5.47%&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid;" width="69%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;Return after taxes on distributions&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;15.75%&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;2.18%&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-right: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;5.37%&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="69%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;Return after taxes on distributions and sale of Fund shares&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;10.24%&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;1.98%&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-right: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;4.75%&lt;/font&gt;&lt;/td&gt;
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&lt;td align="left" style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid;" width="69%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;Russell 1000 Growth Index (reflects no deduction for fees, expenses, or taxes)&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;16.71%&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;3.75%&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-right: #000000 1pt solid;" width="10%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman"&gt;5.39%&lt;/font&gt;&lt;/td&gt;
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&lt;div&gt;&amp;#160;&lt;/div&gt;
&lt;p align="left"&gt;&lt;font size="2" style="font-family:times new roman"&gt;Actual after-tax returns depend on the investor&amp;#8217;s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles, such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.&lt;/font&gt;&lt;/p&gt;
&lt;p align="center"&gt;&lt;b&gt;&lt;i&gt;&lt;font size="2" style="font-family:times new roman"&gt;Please keep this Supplement for future reference.&lt;/font&gt;&lt;/i&gt;&lt;/b&gt;&lt;font size="2" style="font-family:times new roman"&gt; &lt;/font&gt;&lt;/p&gt;
&lt;p align="left"&gt;&lt;b&gt;&lt;font size="2" style="font-family:times new roman"&gt;This Supplement is dated May 17, 2012.&lt;/font&gt;&lt;/b&gt;&lt;font size="2" style="font-family:times new roman"&gt; &lt;/font&gt;&lt;/p&gt;
&lt;p align="left"&gt;&lt;b&gt;&lt;font size="2" style="font-family:times new roman"&gt;Investments in the Fund are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the &amp;#8220;Macquarie Group&amp;#8221;), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Fund, the repayment of capital from the Fund, or any particular rate of return.&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;</dgprx:SupplementTextBlock>

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