VEDDER, PRICE, KAUFMAN & KAMMHOLZ
222 NORTH LASALLE STREET
CHICAGO, ILLINOIS 60601-1003
312-609-7500
FACSIMILE: 312-609-5005
CATHY G. O'KELLY
312-609-7657
July 1, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Pacific Innovations Trust
File Nos. 33-14191 and 811-07863
To the Commission:
Enclosed for filing pursuant to Rule 497(e) under the Securities Act of
1933, on behalf of the above-named Registrant, is a supplement to the
prospectus dated May 1, 1998. This supplement is being filed prior to
first use. Please call the undersigned if you have any questions regarding
this filing.
Very truly yours,
/s/Cathy G. O'Kelly
Cathy G. O'Kelly
PACIFIC INNOVATIONS TRUST
AGGRESSIVE GROWTH FUND
Supplement to Prospectus
Dated May 1, 1998
Effective June 22, 1998, an investment management team headed by James
Miller, Chief Investment Officer of Quantitative Based Equity Management
for Bank of America NT & SA ("Bank of America") is responsible for the
day-to-day investment activities of the Fund. Mr. Miller has been
associated with Bank of America and its predecessors since 1988. Mr.
Miller received his B.S. and M.B.A. degrees from Lehigh University, is a
Chartered Financial Analyst, a member of the Association of Investment
Management and Research and a former Director of the Investment Analysts
Society of Chicago.
Supplement dated June 29, 1998
