NOTES TO FINANCIAL STATEMENTS
OCTOBER 31, 1997
Delaware Group Adviser Funds, Inc. ("The Company") is registered as a diversified open-end investment
company under the Investment Company Act of 1940, as amended. The Company is organized as a Maryland
Corporation. The Company currently issues three separate series of shares (each referred to as a "Fund" or
collectively as the "Funds"); the U.S. Growth Fund, the Overseas Equity Fund (formerly known as the World
Growth Fund) and the New Pacific Fund. Each fund offers four classes of shares. The A Class carries a front-
end sales charge of 4.75%. The B Class carries a back-end deferred sales charge. The C Class carries a level
load deferred sales charge, and the Institutional Class has no sales charge.
The U.S. Growth Fund seeks to maximize capital appreciation. The Overseas Equity Fund seeks to maximize
total return by investing in an internationally diversified mix of stocks. The New Pacific Fund seeks long term
capital appreciation by investing in Pacific Basin countries.
1. Significant Accounting Policies The following accounting policies are in accordance with generally accepted
accounting principles and are consistently followed by the Funds.
Security Valuation - Securities listed on an exchange are valued at the last quoted sales price as of the close of
the NYSE on the valuation date. Securities not traded or securities not listed on an exchange are valued at the
mean of the last quoted bid and asked prices. Securities listed on a foreign exchange are valued at the last quoted
sales price before the Fund is valued. Long-term debt securities are valued by an independent pricing service and
such prices are believed to reflect the fair value of such securities. Money market instruments having less than 60
days to maturity are valued at amortized cost which approximates market value. Other securities and assets for
which market quotations are not readily available are valued at fair value as determined in good faith by or under