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MEEHAN FOCUS FUND
Supplement to the Prospectus dated December 1, 1999
Under the caption on page 1 entitled "What are the Fund's Principal
Investment Strategies?", the third bullet point following the phrase "The
Advisor attempts to achieve the Fund's investment goals by:" is deleted and
replaced with the following:
o with respect to 85% of the Fund's assets (valued at
time of investment), holding a focused portfolio of no
more than 25 issuers.
The date of this supplement is June 30, 2000.
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