MARKETVEST GROUP OF FUNDS
Marketvest Equity Fund
Marketvest Pennsylvania Intermediate Municipal Bond Fund
Marketvest Short-Term Bond Fund
Marketvest Intermediate U.S. Government Bond Fund
SUPPLEMENT TO THE COMBINED PROSPECTUS DATED JANUARY 5, 1996 (REVISED
SEPTEMBER 30, 1996)
The Board of Directors of Dauphin Deposit Corporation, the parent company
of the Funds' investment adviser, Dauphin Deposit Bank and Trust Company,
has agreed to be acquired by First Maryland Bancorp., a subsidiary of
Allied Irish Banks PLC (the `Acquisition''). As a result, all existing
subsidiaries of Dauphin Deposit Corporation would become subsidiaries of
First Maryland Bancorp. The closing date of the Acquisition is tentatively
scheduled for the third quarter of 1997 pending approval of both companies'
shareholders as well as the receipt of various regulatory approvals and the
completion of other closing conditions.
The Board of Trustees/Directors and shareholders of the Funds will be asked
to vote on any changes affecting the Funds as a result of the Acquisition.
Under the provisions of the Investment Company Act of 1940, completion of
the Acquisition would result in an `assignment'' and therefore automatic
termination of Dauphin Deposit Bank and Trust Company's current investment
advisory contract with the Funds (the `Termination''). Accordingly, prior
to the Acquisition, it is anticipated that the Trustees/Directors of the
Funds would meet to consider matters relating to the Termination. It is
also anticipated that a Special Meeting of the Funds' shareholders would be
held to seek, among other things, approval of a new investment advisory
contract with Dauphin Deposit Bank and Trust Company or its successor.
January 27, 1997
FEDERATED INVESTORS
Federated Investors Tower
Pittsburgh, PA 15222-3779
Edgewood Services, Inc. is the distributor of the Funds
and is a subsidiary of Federated Investors.
Cusip 57061D107
Cusip 57061E105
Cusip 57061E204
Cusip 57061E303
G01608-05 (1/97)
DBN701165
MARKETVEST INTERNATIONAL EQUITY FUND
SUPPLEMENT TO THE PRELIMINARY PROSPECTUS DATED DECEMBER 31, 1996
The Board of Directors of Dauphin Deposit Corporation, the parent company
of the Fund's investment adviser, Dauphin Deposit Bank and Trust Company,
has agreed to be acquired by First Maryland Bancorp., a subsidiary of
Allied Irish Banks PLC (the `Acquisition''). As a result, all existing
subsidiaries of Dauphin Deposit Corporation would become subsidiaries of
First Maryland Bancorp. The closing date of the Acquisition is tentatively
scheduled for the third quarter of 1997 pending approval of both companies'
shareholders as well as the receipt of various regulatory approvals and the
completion of other closing conditions.
January 27, 1997
INFORMATION CONTAINED HEREIN IS SUBJECT TO COMPLETION OR AMENDMENT. A
REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION. THESE SECURITIES MAY NOT BE SOLD NOR
MAY OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT
BECOMES EFFECTIVE. THIS SUPPLEMENT TO THE PROSPECTUS SHALL NOT CONSTITUTE
AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BY
ANY SALE OF THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION
OR SALE WOULD BE UNLAWFUL UNDER THE SECURITIES LAWS OF ANY SUCH STATE.
FEDERATED INVESTORS
Federated Investors Tower
Pittsburgh, PA 15222-3779
Edgewood Services, Inc. is the distributor of the Fund
and is a subsidiary of Federated Investors.
G01608-04 (1/97)
