Please file this prospectus supplement with your records.
POLYNOUS GROWTH FUND
Prospectus Supplement Dated February 12, 1997 to Prospectus Dated August
12, 1996.
Polynous Growth Fund Financial Highlights. The table below sets forth
financial data for one share of capital stock outstanding throughout the
period presented.
For the Period
August 12, 1996*
through
January 31, 1997
(unaudited)
Net Asset Value, beginning of period $12.00
Income from investment operations:
Net investment loss (0.02)
Net realized and unrealized gain on investments 1.02
Total from investment operations 1.00
Less Distributions:
Distributions from net capital gains (0.02)
Net Asset Value, end of period $12.98
Total Return^ 17.64 (1)
Ratios/Supplemental Data
Net assets, end of period (in 000's) $17,444
Ratio of expenses to average net assets:
Before expense reimbursement 2.73% (1)
After expense reimbursement 2.00% (1)
Ratio of net investment income to average net assets:
Before expense reimbursement (1.26%) (1)
After expense reimbursement (0.53%) (1)
Portfolio turnover rate 108.68% (2)
Average commission rate $ 0.0512
*Commencement of investment operations
^Total return claculation does not reflect sales load
1 Annualized
2 Not Annualized
This information supplements the Prospectus on page 4, following
"Expense Summary."
<PAGE>
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<NAME> POLYNOUS TRUST
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<NAME> POLYNOUS GROWTH FUND CLASS A
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<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-12-1996
<PERIOD-END> JAN-31-1997
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