HERITAGE EQUITY FUNDS
   SUPPLEMENT DATED SEPTEMBER 24, 2003 TO THE PROSPECTUS DATED JANUARY 2, 2003

                                 TECHNOLOGY FUND
                                 ---------------


                      *** TECHNOLOGY FUND SHAREHOLDERS ***
         *** IMPORTANT NOTICE REGARDING CHANGE IN INVESTMENT POLICY ***


REORGANIZATION OF TECHNOLOGY FUND INTO GROWTH EQUITY FUND
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The Heritage Series Trust Board of Trustees has approved the  reorganization  of
the Heritage  Technology  Fund into the Heritage  Growth Equity Fund. Both Funds
are series of the Heritage Series Trust,  an open-end  investment  company.  The
reorganization is expected to be effected on or about December 12, 2003 and does
not  require  shareholder  approval.  In  addition,  it  is  intended  that  the
reorganization  will be  accomplished  without  resulting in the  imposition  of
federal income tax on the Funds or their shareholders.  An Information Statement
describing the reorganization will be provided to Technology Fund shareholders.

Pursuant to a plan of  reorganization,  the  Technology  Fund will  transfer its
assets to the Growth  Equity  Fund in exchange  for shares of the Growth  Equity
Fund  and  the  Growth  Equity  Fund's  assumption  of  the  liabilities  of the
Technology  Fund.  After the transfer,  the Technology  Fund will distribute the
Growth Equity Fund shares to its  shareholders in a complete  liquidation.  As a
result,  Technology  Fund  shareholders  will become  shareholders of the Growth
Equity Fund.

The Technology Fund seeks  long-term  capital  appreciation by investing,  under
normal market conditions, at least 80% of its net assets (plus the amount of any
borrowings for investment  purposes) primarily in equity securities of companies
that rely extensively on technology in their processes, products or services, or
may be expected to benefit  from  technological  advances  and  improvements  in
industry, manufacturing and commerce (technology companies).

The Growth Equity Fund seeks growth through  long-term  capital  appreciation by
investing,  under normal market conditions, at least 80% of its net assets (plus
the amount of any borrowings for investment purposes) in equity securities.

As  a  result  of  the  reorganization,  effective  immediately  shares  of  the
Technology Fund will no longer be offered to the public for purchase.

For more  information,  please contact  Heritage Client Services at 800-421-4184
extension 63550 or visit www.heritagefunds.com.


            *The original date for the merger was December 12, 2003;
                  It has been delayed until December 29, 2003.


         *** IMPORTANT NOTICE REGARDING CHANGE IN INVESTMENT POLICY ***