Supplement Dated September 14, 2000
To Prospectus Dated August 1, 2000
Dean Family of Funds
(Large Cap Value Fund and Small Cap Value Fund)
Thomas A. Giles, CFA joined C.H. Dean & Associates, Inc. (the investment advisor
for the Dean Family of Funds' portfolios) as a Senior Equity Strategist and
Assistant Director of Portfolio Management in the Spring of 2000. One of his
responsibilities is the day-to-day management of the Dean Family of Funds Large
Cap Value Fund, a position to which he was appointed effective September 1,
2000. For the previous 11 years he was a Vice President with Tom Johnson
Investment Management in Oklahoma City where he served as Portfolio Manager and
Director of Research. He received his B.B.A. in statistics - with honors - and a
M.B.A. in Finance from the University of Texas at Austin. He was the past
President and Director of the Oklahoma Society of Financial Analysts. He earned
the designation of Chartered Financial Analyst (CFA) in 1984.
Michelle E. Stevens, CFA joined C.H. Dean & Associates, Inc. (the investment
advisor for the Dean Family of Funds' portfolios) as a Senior Equity Strategist
and Institutional Portfolio Manager in the Spring of 1999. Since September 1,
2000 one of her responsibilities has been day-to-day management of the Dean
Family of Funds Small Cap Value Fund. For the previous 6 years she was a
Portfolio Manager for the Union Central Life Insurance Co, in Cincinnati, Ohio.
She received her B.A. and M.B.A. from the University of Cincinnati. She earned
the designation of Charted Financial Analyst (CFA) in 1997.
This Supplement, and the Prospectus dated August 1, 2000 contains information
that you should know before investing in the Funds and should be retained for
future reference.
