PROFIT VALUE FUND SUPPLEMENT TO
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
The Prospectus and Statement of Additional Information, dated January
16, 1998, of the Profit Value Fund (the "Fund") is hereby amended to reflect the
following new information:
1. TRANSFER AGENT. The Fund has retained Countrywide Fund Services, Inc.,
312 Walnut Street, 21st Floor, Cincinnati, Ohio, as its new transfer agent,
dividend disbursing agent and shareholder servicing agent. Countrywide Fund
Services, Inc. replaces State Street Bank and Trust Company and Boston Financial
Data Services, Inc. in these capacities.
2. ADDRESS AND PHONE NUMBER OF FUND. Inquiries concerning the Fund,
shareholder accounts, and purchases or redemptions of shares in the Fund should
now be addressed to:
Profit Value Fund
Shareholder Services
P.O. Box 5354
Cincinnati, Ohio 45201-5354
1-888-744-2337
For persons desiring to invest in the Fund by bank wire, you may also
open an account and make an initial investment in the Fund by wire. Please
telephone the transfer agent for instructions (Nationwide call toll-free
888-744-2337) before wiring funds.
For further information concerning purchases or redemptions of Fund
shares, see "How Shares May Be Purchased" and "How Shares May be Redeemed" in
the Prospectus.
THE DATE OF THIS SUPPLEMENT IS JULY 31, 1998.
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