Please keep this supplement with your prospectus
PURISIMA TOTAL RETURN FUND
Supplement dated August 29, 1997 to Prospectus dated October 25, 1996
The disclosure under the caption "How to Exchange Shares" and "How to Open Your
Account by Wire" in the Fund's prospectus dated October 25, 1996 is supplemented
by the following.
HOW TO EXCHANGE SHARES
Effective September 1, 1997, the first paragraph of this section is hereby
amended to read:
"Shareholders may exchange ($500 minimum per transaction) all or a
portion of their shares in the Fund for shares of a money market fund.
The money market fund is not affiliated with the Trust. You must obtain
a copy of the money market fund prospectus from the Fund by calling
1-800-841-2858, and you are advised to read it carefully, before
authorizing any investment in shares of the money market fund.
See "Additional Exchange Information" regarding telephone exchanges."
HOW TO OPEN YOUR ACCOUNT BY WIRE
Effective September 1, 1997, the wiring instructions will be as follows:
Star Bank N.A.
ABA 042000013
For Credit to The Purisima Funds
Account Number: 4864-84413
For Further Credit to:
(Shareholder Name and Account Number)
Please call the Fund at 1-800-841-2858 for instructions prior to wiring funds.
