Rule 497(e)
File Nos. 333-02111
and 811-7581
MEYERS INVESTMENT TRUST
Meyers Pride Value Fund
SUPPLEMENT DATED FEBRUARY 5, 1998 TO PROSPECTUS DATED SEPTEMBER 29, 1997
The Prospectus is amended as follows:
1. On Page 18, under the section "Administration, Fund Accounting and
Transfer Agents" at the end of the second paragraph insert:
"Effective January 1, 1998, the fee amounts set forth are subject to a
minimum fee of $60,000 for the calendar year ending December 31, 1998."
2. On the final page, in the first column, under the section "Trustees and
Officers" insert
"Karen C. Pratt" "Vice President" between the names Mark Sichley and
Frank Deutchki.
<PAGE>
Rule 497(e)
File Nos. 333-02111
and 811-7581
MEYERS INVESTMENT TRUST
Meyers Pride Value Fund
SUPPLEMENT DATED FEBRUARY 5, 1998 TO STATEMENT OF ADDITIONAL
INFORMATION DATED SEPTEMBER 29, 1997
The Statement of Additional Information is amended as follows:
1. On Page 15, under the section "Trustees and Officers of the Fund"
between the names Mark Sichley and Frank Deutchki, insert:
"Karen C. Pratt 43 Vice President Managing Director of Marketing and
Sales, Meyers Capital Management,
LLC, since January 1, 1998;
Director of Marketing, Walden
Capital Management, from August
1997 to December 1997; COO &
Director of Marketing, Kinder,
Lydenberg, Domini & Co., Inc., from
October 1994 to June 1997;
Securities Analyst, Off Wall Street
from May 1993 to October 1995;
General Partner, Falcon Partners
Management, from September 1991 to
April 1994."
2. On Page 18, under the section "Administrator" delete the entire second
paragraph and insert:
"As compensation for these services, the Fund pays BISYS LP, per year,
an amount equal to 0.15% of the first $l00 million in aggregate Fund
assets, 0.10% for the next $400 million, 0.07% for the next $500
million, and 0.06% for aggregate Fund assets in excess of $1 billion.
Effective January 1, 1998, the fee amounts set forth are subject to a
minimum fee of $60,000 for the calendar year ending December 31, 1998.
For the fiscal year ended May 31, 1997, BISYS and Furman Selz, LLC,
earned administrative fees of $98,000, which was to be reimbursed by
the Investment Advisor and/or a portion of which was subsequently
waived by the Administrator."
