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MEYERS SHEPPARD INVESTMENT TRUST
SUPPLEMENT DATED OCTOBER 14, 1996
TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
DATED JUNE 13, 1996
The following Supplement is provided to update and should be read in
conjunction with the information provided in the Prospectus and Statement of
Additional Information.
Effective October 12, 1996 BISYS Fund Services, Inc. ("BISYS") became
the successor Transfer Agent to Furman Selz LLC. BISYS' principal place of
business is 3435 Stelzer Road, Columbus, Ohio 43219. BISYS will perform the same
services as Furman Selz LLC, at the identical fees.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING PURCHASE OF SHARES:
Initial Cash Investments by Wire
Please call 1-800-410-3337 for complete wiring instructions. A completed
Account Application must be overnighted to the Trust at Meyers Sheppard Pride
Fund c/o BISYS Fund Services, Inc., 3435 Stelzer Road, Columbus, Ohio
43219-8021. Notification must be given to the Trust at 1-800-410-3337 prior to
4:00 p.m. E.T. on the business date prior to the date the purchase monies will
be wired.
Initial Cash Investments by Mail
A completed Account Application together with a check payable to Meyers
Sheppard Pride Fund should be forwarded to Meyers Sheppard Pride Fund, P.O. Box
182495, Columbus, Ohio 43218-2495.
Additional Investments
Additional investments may be made at anytime (minimum investment of
$100 or $50 for the Automatic Investment Plan) by mailing check to the Fund at
the address noted under "Initial Investments by Mail". For a wire purchase, call
the Fund at 1-800-410-3337.
Investments Through IRAs and Other Qualified Retirement Plans
Special application is required in order to purchase Fund shares through
an Individual Retirement Account. For more information and the appropriate
application call or write to the Fund.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING REDEMPTIONS OF SHARES:
By Mail
All request should be addressed to Meyers Sheppard Pride Fund, P.O. Box
182495, Columbus, Ohio, 43218-2495.
By Telephone
Telephone Redemptions and Telephone Exchange will be suspended for a
period of 10 days following a telephonic address change.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING DISTRIBUTIONS:
If you elect to receive distributions in cash and checks (1) if returned
and marked as "undeliverable" or (2) remain uncashed for six months, your cash
election will be changed automatically and your future dividend and capital
gains distributions will be reinvested in the Fund at the per share net asset
value determined as of the date of payment of the distribution. In addition, any
undeliverable check or checks that remain uncashed for six months will be
canceled and will be reinvested in the Fund at the per share net asset value
determined as of the date of cancellation.
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The above revisions are effective immediately. Except as indicated in
this Supplement, all procedures described in the Trust's Prospectus and
Statement of Additional Information remain in effect.
