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BRAZOS MUTUAL FUNDS
Supplement to the Prospectus dated March 29, 2000
(Class A, B and II Shares)
On October 20, 2000, the Board of Trustees of Brazos Mutual Funds
adopted a resolution to change the name of the Brazos Small Cap Growth
Portfolio to Brazos Small Cap Portfolio. The name change became
effective on January 1, 2001. Accordingly, all references to "Brazos
Small Cap Growth Portfolio," should be replaced with "Brazos Small
Cap Portfolio.
Dated: January 1, 2001
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