BATTERY PARK HIGH YIELD FUND(SM)
SUPPLEMENT DATED AUGUST 30, 1999 TO
PROSPECTUS DATED NOVEMBER 30, 1998
Effective August 30, 1999, Firstar Mutual Fund Services, LLC ("Firstar") will
serve as the custodian for the Battery Park High Yield Fund (the "Fund") and
perform certain administrative and transfer agency services for the Fund,
described in the Prospectus under "Management of the Fund." The maximum
administrative fee charged by Firstar for providing the administrative services
described therein does not exceed the fee previously paid by the Fund.
Shareholders may contact the Transfer Agent as follows:
Firstar Mutual Fund Services, LLC
615 East Michigan Street
Milwaukee, WI 53202
Investors requesting the Fund's Statement of Additional Information and
shareholders requesting information regarding the shareholder services described
in the Prospectus under "Shareholder Services" may call the Transfer Agent at
1-888-254-2874 or write the Transfer Agent at the address listed above.
Shareholders also may send written requests for shareholder reports to the
following address:
Battery Park High Yield Fund
c/o Firstar Mutual Fund Services
P.O. Box 701
Milwaukee, WI 53202
As indicated under "Shareholder Services--Exchange Privilege," shareholders of
each class of shares of the Fund have an exchange privilege with a money market
mutual fund. Effective August 30, 1999, this money market fund will be Firstar
Money Market Fund, which is advised by FIRMCO, a subsidiary of Firstar
Corporation. Information concerning the exchange privilege is available from the
Transfer Agent.
