ADVISORS SERIES TRUST
EDGAR LOMAX VALUE FUND
SUPPLEMENT DATED APRIL 19, 2000
TO THE PROSPECTUS DATED MARCH 1, 2000
On March 21, 2000 the Board of Trustees for the Fund approved a change in the
Transfer Agent. Effective May 19, 2000, ICA Fund Services Corp. will take over
the transfer agency role for the Fund. Fund operations will not be affected in
any way, however, the INVESTOR GUIDE and HOW TO REDEEM YOUR SHARES sections of
the prospectus are changed in the following ways:
1.) If you wish to invest by mail, please send your application form and
check to ICA Fund Services Corp., 4455 E. Camelback Rd., Suite 261-E,
Phoenix, AZ 85018
2.) Other Fund requests including redemption requests should be addressed
as indicated above or you can call the toll free number at
1-888-263-6438. The new fax number is 602-522-8172. The toll call
number is 602-522-9955.
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The FINANCIAL HIGHLIGHTS table description language is replaced by the following
language:
The financial highlights table is intended to help you understand the
Fund's financial performance during its past fiscal periods. Certain
information reflects financial results for a single fund share. The total
returns in the table represent the rate that an investor would have earned
on an investment in the Fund (assuming reinvestment of all dividends and
distributions). The information for the year ended October 31, 1999 has
been audited by PricewaterhouseCoopers LLP, and by other independent
accountants for periods prior to October 31, 1999. PricewaterhouseCoopers
LLP's report and the Fund's financial statements are included in the Fund's
annual report which is available upon request.
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On the prospectus back cover, in the FOR MORE INFORMATION section, the SEC's
Public Reference Room in Washington, DC, phone number is changed to
202-942-8090.
