MEMORIAL FUNDS
GOVERNMENT BOND FUND
CORPORATE BOND FUND
GROWTH EQUITY FUND
VALUE EQUITY FUND
INSTITUTIONAL SHARES
Supplement Dated March 2, 2000 to
Prospectus Dated May 1, 1999
Page 14 of the Prospectus is amended by deleting the first three sentences under
the Section "Adviser" and replacing it with the following:
Forum Investment Advisors, LLC (the "Adviser"), Two Portland Square,
Portland, Maine 04101, serves as investment adviser to the Funds. Subject
to the general control of the Board, the Adviser is responsible for among
other things, developing a continuing investment program for each Fund in
accordance with its investment objective, reviewing the investment
strategies and policies of each Fund, and advising the Board on the
selection of additional sub-advisers.
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