MUTUAL FUND SELECT GROUP
SUPPLEMENT DATED MAY 7, 1997
TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED DECEMBER 30, 1996
The following replaces in its entirety the first complete paragraph on page 21.
The changed language has been underlined:
"Performance results presented for the Balanced Fund, Bond Fund, New Growth
Opportunities Fund, Equity Income Fund, Intermediate Bond Fund, International
Equity Fund, Large Cap Equity Fund, Large Cap Growth Fund, Short-Term Bond
Fund and Small Cap Value Fund will be based upon the performance of The
Balanced Fund of Chemical Bank, the Fixed Income Fund of The Chase Manhattan
Bank, the Emerging Growth Fund of The Chase Manhattan Bank, the Equity Income
Fund of The Chase Manhattan Bank, The Intermediate-Term Bond Fund of Chemical
Bank, The International Equity Fund of Chemical Bank, the Trinity Equity Trust
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of The Chase Manhattan Bank, The Core Equity Fund of Chemical Bank, the
Short-Term Bond Fund of The Chase Manhattan Bank and The Smaller Companies
Equities Fund of Chemical Bank, respectively, for the periods prior to
consummation of the CTF Conversion."
