Rule 497(e)
SEC File Nos. 333-22075
811-8061
December 27, 2000
THE BANC STOCK GROUP FUND
SUPPLEMENT TO PROSPECTUS
DATED DECEMBER 1, 2000
ABOUT THE FUND
The following should be read in conjunction with the sections titled "How
the Fund Pursues its Objective" and "Principal Risks of Investing in the Fund"
on pages 3 and 4 of the Prospectus:
Currently, the Fund's investments are heavily weighted in banks and lending
institutions located in California. The Fund's adviser believes that these
investments offer superior prospects for long term growth. Although
California's economy is large and diverse, any negative changes in the
California economy could have a disproportionate effect on the performance
of the Fund. In addition, the Fund is more vulnerable to legislative or
regulatory developments that are unfavorable to California banks and
lending institutions.
This Supplement and the Prospectus dated December 1, 2000 provide the
information a prospective investor ought to know before investing and should be
retained for future reference. A Statement of Additional Information has been
filed with the Securities and Exchange Commission dated December 1, 2000, which
is incorporated herein by reference and can be obtained without charge by
calling The BSG Funds at 1-888-226-5595.
