Filed Pursuant to Rule 497(e)
under the Securities Act of 1933
File No. 333-42583
File No. 811-08563
THE SPORTS FUNDS TRUST
(the "Trust")
The Motorsports Associated Growth and Income Fund
(the "Fund")
Supplement dated February 24, 1999
to Prospectus dated June 5, 1998
The following information replaces and supersedes any contrary information
contained in the Fund's Prospectus.
At a special meeting of the Board of Trustees held on February 24, 1999, the
Trustees decided that it was in the best interests of the Fund and its
shareholders to suspend sales of its shares; terminate operations; liquidate
the Fund's portfolio and redeem all shareholder accounts. The Board has taken
this action due to the fact that the Fund has not grown in size sufficient to
remain in operation. In connection with the redemption of all shareholder
accounts, shareholders of record on February 26, 1999, will receive the value
of their investments in the Fund valued in accordance with the terms of the
Fund's current prospectus as of the close of business Friday February 26, 1999,
the Fund's proposed liquidation date.
As a result of these actions, effective February 24, 1999, the Fund will no
longer accept any requests to purchase shares.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE.
