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FIRST CHOICE FUNDS TRUST
SUPPLEMENT DATED SEPTEMBER 22, 1997
TO PROSPECTUS DATED OCTOBER 1, 1996
This Supplement is provided to update, and should be read in conjunction
with the information provided in the Prospectus and Statement of Additional
Information.
At a Meeting of the Board of Trustees of First Choice Funds Trust on July
29, 1997 the Trustees approved a new Administration Agreement and Transfer and
Services Agent Agreement with First Data Investor Services Group, Inc. ("First
Data") pursuant to which First Data will become the successor Administrator,
Transfer Agent and Fund Accountant to BISYS Funds Services, Inc. effective
September 20, 1997. In addition, the Board approved a new Distribution Agreement
with First Data Distributors, Inc. which will also become effective on September
20, 1997. First Data and its affiliates are located at 4400 Computer Drive,
Westborough, Massachusetts 01581-5120. First Data and its affiliates will
perform the same services as each predecessor at an identical fee.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING
PRICING AND PURCHASE OF FUND SHARES:
Please call 1-888-FIRST-16 (888-347-7816) for wiring instructions. A
completed application must be sent by overnight delivery to the Fund in advance
of the wire to First Choice Funds Trust c/o First Data Investor Services Group,
P.O. Box 5176, Westborough, MA 01581-5176. Notification must be given to the
Fund at 1-888-FIRST-16 (888-347-7816) prior to 12 noon Eastern Standard Time, of
the wire date for the U.S. Treasury Reserve Fund and prior to 3:00 p.m. Eastern
Standard Time in the case of the Cash Reserve Fund.
Payments to open new accounts should be sent to First Choice Funds
Trust c/o First Data Investor Services Group, P.O. Box 5176, Westborough, MA
01581-5176, together with a completed application.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING
EXCHANGE OF FUND SHARES:
EXCHANGE BY MAIL -A letter of instruction should be sent by mail to
First Data Investor Services Group. No signature guarantee is required. Newly
purchased shares must remain in the account for ten days.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING
REDEMPTION OF FUND SHARES:
BY MAIL -Requests should be addressed to First Choice Funds Trust c/o First
Data Investor Services Group, P.O. Box 5176, Westborough, MA 01581-5176. To
protect shareholder accounts, the Funds and its transfer agent from fraud, a
signature guarantee will be required when redemptions proceeds are to be sent to
an address other than the registered address, or if the redemption is greater
than $50,000.
Telephone redemption and telephone exchanges will be suspended for a period
of 10 days following an address change made by telephone.
