AMERIPRIME FUNDS
497, 1999-09-02
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                       THE JUMPER STRATEGIC ADVANTAGE FUND

                      SUPPLEMENT DATED SEPTEMBER 1, 1999 TO
                         PROSPECTUS DATED JULY 15, 1998


         Due to current adverse market conditions, the Advisor has determined
that the Fund should temporarily discontinue following the market neutral
investment strategy described in the section entitled "Investment Strategy"
starting on page 4 of the Prospectus.

         As a result:

o                     the Advisor will, as quickly as the Advisor considers
                      prudent, sell from the Fund's portfolio the underlying
                      funds and market neutral mutual funds described in the
                      Prospectus; and

o                     until further notice, the Fund will invest primarily in
                      short term (maturing or having coupons which reset in
                      three years or less) investment grade fixed income
                      securities (see page 5 of the Prospectus).




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