GANNETT WELSH & KOTLER FUNDS
497, 2000-06-05
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                                                                    June 5, 2000

                        THE GANNETT WELSH & KOTLER FUNDS

                                GW&K Equity Fund
                           GW&K Large Cap Growth Fund
                           GW&K Small Cap Growth Fund

                   Supplement to Prospectus Dated May 30, 2000


     The GW&K  Large Cap Growth  Fund and the GW&K  Small Cap  Growth  Fund will
commence  operations  on June 30,  2000 and will not open an  account  or accept
investments until that date.



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