BONFIGLIO & REED INVESTMENT TRUST
497, 2000-09-28
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September 28, 2000

Bonfiglio & Reed Options Fund
Supplement to Prospectus Dated August 1, 2000

Effective  October 9, 2000 the  address for the  Bonfiglio & Reed Option  Fund's
(the "Fund") Underwriter will be 221 East Fourth Street,  Suite 300, Cincinnati,
Ohio 45202.  Effective October 9, 2000 the address for the Fund's Transfer Agent
will be 221 East Fourth Street,  Suite 300,  Cincinnati,  Ohio 45202. After this
date please disregard the addresses printed on the back cover of the Prospectus.



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