<TABLE>
November 26, 1996
PRAGMA INVESTMENT TRUST
The PRAGMA Providence Fund
Supplement to Prospectus Dated September 16, 1996
<CAPTION>
The following disclosure should be read in conjunction with the section "How to Purchase Shares":
You may make automatic monthly investments in the Fund from your bank, savings and loan or other depository
institution account (your "Financial Institution" or "FI"). Initial and subsequent automatic monthly investments
must be at least $50. The Adviser pays the costs associated with these transfers, but reserves the right, upon
thirty days' written notice, to make reasonable charges for this service. Your Financial Institution may impose
its own charge for debiting your account which would reduce your return from an investment in the Fund. If you
wish to make automatic monthly investments in the Fund, complete the application form below and send it to MGF
Service Corp., P.O. Box 5354, Cincinnati, Ohio 45201-5354, or telephone 1-800-738-2065 for additional
information. If you are not currently a shareholder in the Fund, you must also complete the account application
included in this Prospectus.
AUTOMATIC MONTHLY INVESTMENTS
Automatic monthly investments are available for all established accounts of the Fund. There is no charge for this
service, and it offers the convenience of automatic investing on a regular basis. The minimum investment is $50
per month. Though a continuous program of 12 monthly investments is recommended, automatic investments may be
discontinued by the shareholder at any time.
<S> <C> <C>
Please invest $ _________________ per month in the Fund. ABA Routing Number
of your FI____________________________________
FI Account Number_____________________________
o Checking Account o Savings Account
___________________________________________________________
Name of Financial Institution (FI) Please make my automatic investment on:
o the last business day of each month
___________________________________________________________ o the 15th day of each month
City State o both the 15th and last business day
X__________________________________________________________ X____________________________________________
(Signature of Depositor EXACTLY as it appears on FI Records) (Signature of Joint Tenant - if any)
(Joint Signatures are required when bank account is in joint names. Please sign exactly as signature appears on
your FI's records.)
PLEASE ATTACH A VOIDED CHECK.
INDEMNIFICATION TO SHAREHOLDER'S FINANCIAL INSTITUTION
In consideration of your participation in a plan which MGF Service Corp. ( MGF ) has put into effect, by which
amounts, determined by your depositor, payable to the Fund, for purchase of shares of the Fund, are collected by
MGF, MGF hereby agrees:
MGF will indemnify and hold you harmless from any liability to any person or persons whatsoever arising out of
the payment by you of any amount drawn by the Fund to its own order on the account of your depositor or from any
liability to any person whatsoever arising out of the dishonor by you whether with or without cause or
intentionally or inadvertently, of any such amount. MGF will defend, at its own cost and expense, any action
which might be brought against you by any person or persons whatsoever because of your actions taken pursuant to
the foregoing request or in any manner arising by reason of your participation in this arrangement. MGF will
refund to you any amount erroneously paid by you to the Fund if the claim for the amount of such erroneous
payment is made by you within six (6) months from the date of such erroneous payment; your participation in this
arrangement and that of the Fund may be terminated by thirty (30) days written notice from either party to the
other.
</TABLE>
