PURISIMA FUNDS
497, 1996-12-30
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                         SUNSTONE FINANCIAL GROUP, INC.
                       207 East Buffalo Street, Suite 400
                          Milwaukee, Wisconsin 53202
                                 (414) 271-5885


December 30, 1996

Securities and Exchange Commission
450 Fifth Street N.W.
Washington, DC 20549

Re:  Purisima Funds
     (333-9153; 811-7737)
     Filing under Rule 497(e) of the Securities Act of 1933

Ladies and Gentlemen:

On behalf of the above-referenced registered investment company, transmitted
herewith for filing pursuant to Rule 497(e) under the Securities Act of 1933, as
amended, is a Supplement to the Statement of Additional Information dated 
October 25, 1996.  Questions regarding this filing may be directed to the 
undersigned at (414) 271-5885.

Sincerely,


/s/Constance Dye Shannon
Constance Dye Shannon
Legal and Compliance Manager

cc:  Mitchell Nichter

Encl.



                               THE PURISIMA FUNDS

                                   SUPPLEMENT
                                     TO THE
                       STATEMENT OF ADDITIONAL INFORMATION
                             DATED OCTOBER 25, 1996


Effective January 1, 1997, Sunstone Distribution Services, LLC ("SDS"), 207
East Buffalo Street, Suite 400, Milwaukee, Wisconsin 53202, replaced Sunstone
Financial Group, Inc. ("Sunstone") as distributor of the shares of the
Purisima Total Return Fund ("Fund").  SDS, an affiliate of Sunstone, serves as
the distributor for the Fund pursuant to the same terms as Sunstone served as
distributor.


                The date of this Supplement is January 1, 1997.




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