PBHG ADVISOR FUNDS, INC.
SUPPLEMENT
DATED OCTOBER 20, 1998
TO THE
PROSPECTUS DATED JULY 14, 1998
This Supplement updates certain information contained in the above dated
Prospectus of PBHG Advisor Funds, Inc. You should retain both this Supplement
and the Prospectus for future reference.
Effective immediately, James D. McCall, CFA manages the PBHG Advisor Blue
Chip Growth Fund. Mr. McCall's prior business experience is discussed on page 42
of the Prospectus. Also effective immediately, the related performance
information for the PBHG Advisor Blue Chip Growth Fund discussed on pages 38 and
39 of the Prospectus is deleted.
Effective October 26, 1998 and until further notice, Class A shares of all
PBHG Advisor Funds will be sold without an initial sales charge and will not be
subject to any contingent deferred sales charge. Also effective that date and
until further notice, on page 3 of the Prospectus under Expense
Summary--Shareholder Transaction Expenses (Class A Shares), the "Maximum Sales
Load Imposed on Purchases" is "None" and footnote one is deleted.
Effective October 26, 1998 and until further notice, PBHG Advisor Funds
will discontinue offering Class B shares.
To purchase Class A shares, without a sales charge, or to obtain an
additional copy of the Prospectus, free of charge, please call 1-888-800-2685.
