PROFIT FUNDS INVESTMENT TRUST
497, 2000-11-14
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November 14, 2000

Profit Funds Investment Trust (the "Trust")
Supplement to the Statement of Additional  Information ("SAI") Dated February 1,
2000

Effective  October 9, 2000, the address for the Trust's  Distributor will be 221
East Fourth Street,  Suite 300,  Cincinnati,  Ohio 45202. After this date please
disregard the address printed in the SAI.



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