TRAUTMAN KRAMER TRUST
(Trautman Kramer Value Plus Fund)
Supplement Dated September 30, 1998 to
Fund's Prospectus Dated March 23, 1998.
The following descriptions of actions taken by the Board of
Trustees of the Trautman Kramer Value Plus Fund supplement and
supersede any contrary information contained in the Fund's
Prospectus.
The Board has adopted resolutions authorizing the Fund to
close itself to new investors and additional share purchases by
current investors at the adviser's discretion, based upon
various factors, including assets under management, current
investment opportunities and market conditions. Although the
adviser reserves the right to open the Fund to share purchases
at any time and at any asset level, it is currently anticipated
that the Fund will close for share purchases until such a time
where the assets under management reach a point of beneficial
interest to the shareholder.
