LIP Simplified Prospectus

English

LIP World Equity
LIP US Dollar Hedge Bond
LIP US Dollar Bond
LIP UK Equity
LIP Japan Equity
LIP Euro Currency Hedged Bond
LIP Euro Bond
LIP Euro Corporate Bond Fund
LIP Asia Equity
LIP Euro Equity
LIP Eastern European Frontier Equity
LIP Latin America Equity
LIP North America Equity
LIP Sterling Bond
LIP Swiss Equity

Spanish

LIP World Equity
LIP US Dollar Hedge Bond
LIP US Dollar Bond
LIP UK Equity
LIP Japan Equity
LIP Euro Equity
LIP Euro Currency Hedged Bond
LIP Euro Bond
LIP Euro Corporate Bond Fund
LIP Asia Equity
LIP Eastern and Euro Frontier Equity
LIP Latin America Equity
LIP North America Equity
LIP Sterling Bond
LIP Swiss Equity

French

LIP World Equity
LIP US Dollar Hedge Bond
LIP US Dollar Bond
LIP UK Equity
LIP Japan Equity
LIP Euro Equity
LIP Euro Currency Hedged Bond
LIP Euro Bond
LIP Euro Corporate Bond Fund
LIP Asia Equity
LIP Eastern Europe Frontier Equity
LIP Latin America Equity
LIP North America Equity
LIP Sterling Bond
LIP Swiss Equity