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Supplement No. 2 Dated June 10, 1999
(To Prospectus Dated February 1, 1999)
Kobrick Investment Trust
Kobrick Growth Fund
Kobrick Capital Fund
Kobrick Emerging Growth Fund
Kobrick Funds LLC, the investment adviser of the Fund, signed an agreement
on June 10, 1999 under which it will be acquired by a wholly-owned subsidiary
("New Adviser") of Nvest Companies, L.P., an investment management firm with 17
affiliates and divisions and $133 billion in assets under management as of March
31, 1999. The transaction is subject to the approval by the shareholders of the
Funds of a new investment advisory contract with New Adviser, which will be
unchanged in all material respects except for changes relating to new effective
and termination dates. There will be no change in the day to day management or
investment strategy of the Funds as a result of the transaction. Frederick R.
Kobrick will continue to serve as President and Chief Executive Officer of New
Adviser and portfolio manager of the Funds.
