DAVIS PARK SERIES TRUST
485APOS, 2000-12-19
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                                                  Registration Nos. 333-46112
                                                                    811-10141



                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


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                                    FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933             [ ]

         Pre-Effective Amendment No.                                [ ]

         Post-Effective Amendment No. 3                             [X]

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940     [ ]

         Amendment No. 3                                            [X]

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                             DAVIS PARK SERIES TRUST
               (Exact name of registrant as specified in charter)

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                     P.O. Box 6919, Moraga, California 94570
                    (Address of principal executive offices)

                  Registrant's Telephone Number: (800) 394-5064

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           Nicholas D. Gerber, P.O. Box 6919, Moraga, California 94570
                     (Name and address of agent for service)

                                    Copy to:

                             Michael J. Meaney, Esq.
                  McDonald, Hopkins, Burke & Haber Co., L.P.A.
     2100 Bank One Center, 600 Superior Avenue, East, Cleveland, Ohio 44114

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Approximate date of proposed public offering: December 26, 2000


<PAGE>






It is proposed that this filing will become effective (check appropriate box)


                   immediately upon filing pursuant to paragraph (b)
            ------
                   on (date) pursuant to paragraph (b)
            ------
               X   60 days after filing pursuant to paragraph (a)
            ------
                   on (date) pursuant to paragraph (a) of Rule 485
            ------
                   75 days after filing pursuant to paragraph (a)(2) of Rule 485
            ------
                   on (date) pursuant to paragraph (a)(2) of Rule 485.
            ------


     Part  A  (Prospectus)  and  Part  C  (Other  Information)  of  Registrant's
Post-Effective  Amendment  No. 2 (filed  December 15, 2000) to its  Registration
Statement  on  Form  N-1A  are  hereby   incorporated  by  reference  into  this
Post-Effective Amendment No. 3.


<PAGE>


                      AMERISTOCK LARGE COMPANY GROWTH FUND

                          AMERISTOCK FOCUSED VALUE FUND


STATEMENT OF ADDITIONAL INFORMATION

December 26, 2000


This Statement of Additional  Information is not a prospectus and should be read
in conjunction  with the Prospectus of the Ameristock  Large Company Growth Fund
and Ameristock  Focused Value Fund (each "Fund" and  collectively,  the "Funds")
dated  December 26, 2000. To obtain a copy of the  Prospectus,  without  charge,
please  write to the Funds at P.O.  Box  6919,  Moraga,  CA 94570 or call  (800)
394-5064.


                                TABLE OF CONTENTS

            Investments and Risks..................................1
            Management Agreement...................................6
            Management of the Fund.................................7
            Ownership of Shares....................................8
            Portfolio Turnover.....................................8
            Portfolio Transactions and Brokerage...................8
            Share Redemptions......................................8
            Taxation of the Fund...................................9
            Performance Information................................9
            Additional Information................................11




                              INVESTMENTS AND RISKS

Classification

Ameristock  Large  Company  Growth Fund is a  diversified,  open-end  management
investment company. Ameristock Focused Value Fund is a non-diversified, open-end
management investment company.

Information on Each Fund's Investments

Each Fund has an  investment  objective  of seeking  capital  appreciation.  The
principal  investment  strategies  used by each Fund to pursue  this  objective,
together  with the principal  risks of investing in each Fund,  are described in
the  Prospectus  under the  headings  "Risk/Return  Summary -  Ameristock  Large
Company Growth Fund" and "Risk/Return Summary - Ameristock Focused Value Fund".

Described  below  are  (i)  certain  other  investment   strategies   (including
strategies to invest in particular types of securities)  which are not principal
strategies and (ii) the risks of those strategies:



<PAGE>


Convertible  Securities.  Each Fund may invest in  securities  convertible  into
common or  preferred  stock.  Such  securities  allow the holder to convert  the
securities  into  another  specified  security of the same issuer at a specified
conversion  ratio at some specified  future date or period.  The market value of
convertible securities generally includes a premium that reflects the conversion
right. To the extent that any convertible security remains unconverted after the
expiration of the  conversion  period,  the market value will fall to the extent
represented by that premium.

Preferred Stocks. In selecting preferred stocks, the Investment Advisor will use
its selection criteria for either common stocks or debt securities, depending on
the Investment Advisor's  determination as to how the particular issue should be
viewed,  based,  among other things,  upon the terms of the preferred  stock and
where it fits in the issuer's  capital  structure.  Preferred stocks are usually
entitled to rights on  liquidation  which are senior to those of common  stocks.
For these  reasons,  preferred  stocks  generally  entail  less risk than common
stocks of the same issuer. Such securities may pay cumulative dividends. Because
the dividend rate is  pre-established,  and as they are senior to common stocks,
such securities tend to have less possibility of capital appreciation.

Securities  Lending.  Securities lending allows each Fund to retain ownership of
the securities loaned out and, at the same time, to earn additional income. Each
Fund may lend its portfolio securities constituting up to 30% of its net assets.
Since there may be delays in the recovery of loaned  securities,  or even a loss
of rights in collateral  supplied  should the borrower fail  financially,  loans
will only be made to U.S.  or foreign  banks or  broker-dealers  which have been
rated within the two highest grades assigned by Standard & Poor's or Moody's, or
which  have  been  determined  by the  Investment  Adviser  to be of  equivalent
quality.  Furthermore,  securities will only be lent if, in the judgement of the
Investment  Adviser,  the consideration to be earned from such loans justify the
risk.

Cash received through loan transactions may be invested in any security in which
the Fund is authorized to invest.  Investing this cash subjects that investment,
as well as the security loaned, to market forces (i.e.,  capital appreciation or
depreciation).

Risks of  securities  lending  are (i) loss of rights in the  loaned  securities
should the borrower fail  financially and (ii)  investment  losses on the loaned
securities.

Illiquid  Investments.  Illiquid investments are investments that cannot be sold
or disposed of in the ordinary course of business at approximately the prices at
which they are  valued.  Under the  supervision  of the Board of  Trustees,  the
Investment  Adviser  determines  the liquidity of each Fund's  investments  and,
through  reports from the  Investment  Adviser,  the Board of Trustees  monitors
investments in illiquid instruments.  In determining the liquidity of the Fund's
investments,  the Investment Adviser may consider various factors, including (i)
the  frequency  of  trades  and  quotations,  (ii) the  number  of  dealers  and
prospective  purchasers in the marketplace,  (iii) dealer undertakings to make a
market,  (iv) the  nature  of the  security  (including  any  demand  or  tender
features),  and (v) the  nature of the  marketplace  for trades  (including  the
ability to assign or offset the Fund's  rights and  obligations  relating to the
investment).  The Fund may not invest in  securities  or other  assets  that the
Board of Trustees  determines  to be illiquid if more than 15% of the Fund's net
assets would be invested in such securities.

Foreign  Exposure.  Each  Fund may  invest in (i)  stocks of U.S.  headquartered
companies having substantial  foreign  operations or (ii) foreign stocks.  These
stocks  involve  certain  inherent  risks that are different from those of other
companies, including political or economic instability of the foreign country or
countries,  diplomatic developments which could affect U.S. investments in those
countries, changes in foreign currency and exchange rates and the possibility of
adverse changes in investment or exchange  control  regulations.  As a result of
these  and  other  factors,  these  stocks  may  be  subject  to  greater  price
fluctuations than securities of other companies.



<PAGE>


Options. An option on a security is a contract that permits the purchaser of the
option, in return for the premium paid, the right to buy a specified security or
index (in the case of a call  option) or to sell a  specified  security or index
(in  the  case  of a put  option)  from  or to the  writer  of the  option  at a
designated price during the term of the option.  An option on a securities index
permits the purchaser of the option,  in return for the premium paid,  the right
to receive  from the seller  cash equal to the  difference  between  the closing
price of the index and the exercise price of the option.  The gain or loss on an
option on an index depends on price movements in the  instruments  making up the
market,  market  segment,  industry or other  composite on which the  underlying
index is based, rather than price movements in individual securities,  as is the
case with  respect to options on  securities.  Each Fund may write a call or put
option  only if the  option  is  "covered".  This  means  so long as the Fund is
obligated as the writer of a call option,  it will hold the underlying  security
subject to the call, or hold a call at the same or lower exercise price, for the
same exercise  period,  and on the same securities as on the written call. A put
is  covered  if the  Fund  maintains  liquid  assets  with a value  equal to the
exercise price in a segregated  account,  or holds a put on the same  underlying
securities at an equal or greater  exercise price.  Put options and call options
typically have similar  structural  characteristics  and  operational  mechanics
regardless of the underlying instruments on which they are purchased or sold.

A Fund's  purchase of a put option on a security  might be designated to protect
its  holdings  in the  underlying  instrument  (or,  in  some  cases  a  similar
instrument) against substantial  declines in the market value by giving the Fund
the  right to sell  such  instrument  at the  option  exercise  price.  A Fund's
purchase  of a call  option on a security  or index might be intended to protect
the Fund against an increase in the price of the underlying  instrument  that it
intends to purchase  in the future by fixing the price at which it may  purchase
such instrument. If a Fund sells a call option, the premium that it receives may
serve as a  partial  hedge,  to the  extent  of the  option  premium,  against a
decrease  in the  value  of the  underlying  securities  or  instruments  in its
portfolio or will increase the Fund's  income.  The sale of put options can also
provide income.

The value of the  underlying  securities  on which the options may be written at
any one time will not exceed 15% of either Fund's total assets.  A Fund will not
purchase  put or call  options if the  aggregate  premium  paid for such options
would exceed 5% of the Fund's total assets at the time of purchase.

Even though a Fund will receive the option  premium to help protect it against a
loss,  a call sold by the Fund exposes the Fund during the term of the option to
possible loss of opportunity to realize  appreciation in the market price of the
underlying security or instrument and may require the Fund to hold a security or
instrument which it might otherwise have sold.

A Fund's  ability to close out its position as a purchaser or seller of a put or
call option is  dependent,  in part,  upon the  liquidity of the option  market.
Among the  possible  reasons  for the  absence of a liquid  option  market on an
exchange  are:  (i)  insufficient  trading  interest  in certain  options;  (ii)
restrictions  on  transactions  imposed by an  exchange;  (iii)  trading  halts,
suspensions or other restrictions  imposed with respect to particular classes or
series of  options or  underlying  securities  including  reaching  daily  price
limits;  (iv)  interruption  of  the  normal  operations  of  an  exchange;  (v)
inadequacy of the facilities of an exchange to handle current trading volume; or
(vi) a decision by one or more exchanges to  discontinue  the trading of options
(or a particular class or series of options), in which event the relevant market
for that  option on that  exchange  would cease to exist,  although  outstanding
options  on  that  exchange  would  generally  continue  to  be  exercisable  in
accordance with their terms.

The hours of trading for listed  options may not coincide  with the hours during
which the underlying  financial  instruments are traded.  To the extent that the
option  markets  close  before  the  markets  for  the  underlying  instruments,
significant  price and rate movements can take place in the  underlying  markets
that cannot be reflected in the options markets.


<PAGE>




Futures.  Each Fund's use of options and financial  futures  thereon will in all
cases be consistent with applicable  regulatory  requirements  and in particular
the rules and regulations of the Commodity  Futures Trading  Commission and will
be entered into only for bona fide hedging, risk management,  or other portfolio
management purposes. Typically, maintaining a futures contract requires the Fund
to deposit  with a financial  intermediary  as security for its  obligations  an
amount of cash or other specified  asset (initial  margin) which is typically 1%
to 10% of  the  face  amount  of  the  contract  (but  may  be  higher  in  some
circumstances).  Additional cash or assets (variation or maintenance margin) may
be required to be  deposited  thereafter  on a daily basis as the mark to market
value of the  contract  fluctuates.  The  purchase  of an  option  on a  futures
involves  payment of a premium for the option without any further  obligation on
the part of the Fund. If the Fund  exercises an option on a futures  contract it
will be obligated to post initial margin (and potential variation or maintenance
margin) for the  resulting  futures  position just as it would for any position.
Futures  contracts and options  thereon are  generally  settled by entering into
offsetting  transactions  but there can be no assurance that the position can be
offset prior to  settlement  at an  advantageous  price,  not that delivery will
occur.

A Fund will not enter into a futures  contract  or related  option  (except  for
closing transactions) if, immediately  thereafter,  the value of the face amount
of the open futures contracts and options thereon would exceed 25% of the Fund's
total assets.

There can be no assurance  that a liquid market will exist at a time when a Fund
seeks to close out a futures  or  futures  option  position.  The Fund  would be
exposed to possible  loss on the  position  during the  interval of inability to
close, and would continue to be required to meet margin  requirements  until the
position  was closed,  which could  result in a decrease in the Fund's net asset
value.  The  liquidity  of a  secondary  market  in a  futures  contract  may be
adversely affected by "daily price fluctuation  limits" established by commodity
exchanges  which limit the amount of  fluctuation  in a futures  contract  price
during a single  trading  day.  Once the  daily  limit has been  reached  in the
contract,  no trades may be  entered  into at a price  beyond  the  limit,  thus
preventing  the  liquidation of open futures  positions.  The trading of futures
contracts is also subject to the risk of trading halts, suspensions, exchange or
clearing house  equipment  failures,  government  intervention,  insolvency of a
brokerage firm or clearing house or other disruption or normal trading activity,
which could at times make it  difficult  or  impossible  to  liquidate  existing
positions or to recover excess variation margin payments.

Segregated  Accounts.  Futures  contracts,   options,  and  options  on  futures
contracts  require  a Fund to  segregate  liquid  high  grade  assets  with  its
custodian to the extent Fund  obligations  are not otherwise  "covered"  through
ownership  of the  underlying  security,  or financial  instrument.  In general,
either  the  full  amount  of any  obligation  by  the  Fund  to pay or  deliver
securities  or  assets  must be  covered  at all  times  by the  securities,  or
instruments   required  to  be  delivered,   or,   subject  to  any   regulatory
restrictions,  an amount of cash or liquid high grade  securities at least equal
to the current amount of the obligation  must be segregated  with the custodian.
The segregated assets cannot be sold or transferred unless equivalent assets are
substituted in their place or it is no longer necessary to segregate them.

Fixed  Income  Securities.  Each  Fund may  invest  in fixed  income  securities
(corporate debt securities, bank certificates of deposit, bank checking account,
and U.S.  Government and Agency  obligations).  All of Ameristock  Large Company
Growth  Fund's  fixed  income  securities  must be rated  within  the top  three
categories  of safety  according to rating  service  companies  like  Standard &
Poor's,  Moody's,  Fitch,  or Duff & Phelps at the time of the investment or, if
not rated, must then be determined by the Investment Adviser to be of comparable
quality.  Fixed income securities prices fluctuate  inversely with interest rate
movements. Other fixed income risk factors include default risk.



<PAGE>


High-Yield  Securities - Ameristock Focused Value Fund. Ameristock Focused Value
Fund may,  from time to time,  invest in  lower-rated  securities  (rated BBB or
lower by Standard & Poor's Corporation Rating Service) or in unrated securities,
when,  in the view of the Adviser,  such  investments  are  consistent  with the
Fund's  investment  objective.   Certain  risk  factors  that  investors  should
recognize as being  associated  with the Adviser's  discretion to invest in such
securities are set forth below.

In general,  when interest rates decline,  the value of fixed income  securities
can be expected to rise.  Conversely,  when  interest  rates rise,  the value of
fixed  income  securities  can be  expected to  decline.  Prices of  lower-rated
securities  (also sometimes  referred to as "high-yield"  securities)  have been
found  to  be  less  sensitive  to  interest  rate  changes  than   higher-rated
investments,  but more  sensitive  to adverse  economic  changes  or  individual
corporate developments. In addition, periods of economic uncertainty and changes
can  be  expected  to  result  in  increased  volatility  of  market  prices  of
lower-rated securities.

The  values of  lower-rated  securities  tend to  reflect  individual  corporate
developments  to a greater  extent  than  higher-rated  securities,  which react
primarily  to  fluctuations  in the general  level of interest  rates.  Further,
securities rated BB or lower by Standard & Poor's are below investment grade and
are considered,  on balance,  to be  predominantly  speculative  with respect to
capacity to pay interest and repay principal in accordance with the terms of the
obligation  and will generally  involve more credit risk than  securities in the
higher rating categories. In some cases, such securities are subordinated to the
prior  payment of senior  indebtedness,  thus  potentially  limiting  the Fund's
ability to receive payments when senior  securities are in default or to recover
full  principal.  Many issuers of  lower-rated  corporate  debt  securities  are
substantially  leveraged,  which may impair  their  ability to meet debt service
obligations.  Also, during an economic downturn or substantial  period of rising
interest rates,  highly leveraged issuers may experience  financial stress which
would  adversely  affect their ability to service  their  principal and interest
payment obligations,  to meet projected business goals, and to obtain additional
financing.  Upon any  default,  the Fund may incur  additional  expenses  to the
extent it is required to seek  recovery of the payment of  principal or interest
on the relevant portfolio holding.

In  addition,  lower-rated  securities  may tend to trade  in  markets  that are
relatively less liquid than the market for higher rated  securities.  It is thus
possible  that the  Fund's  ability  to  dispose  of such  securities,  when its
investment  adviser  deems it desirable to do so, may be limited.  The lack of a
liquid  secondary market may also have an adverse impact on market price and the
Fund's ability to dispose of particular  issues when necessary to met the Fund's
liquidity  needs  or  in  response  to a  specific  economic  event,  such  as a
deterioration in the  creditworthiness of the issuer. In addition, a less liquid
market  may  interfere  with  the  ability  of  the  Fund  to  accurately  value
lower-rated securities and, consequently,  value the Fund's assets. Furthermore,
adverse publicity and investor perceptions,  whether or not based on fundamental
analysis,  may decrease  the values and  liquidity  of  lower-rated  securities,
especially in a thinly-traded market.

The market for  "high-yield"  fixed-income  securities has not weathered a major
economic  recession and it is unknown what effect a recession might have on such
securities.  It is  likely,  however,  that any such  recession  could  severely
disrupt  the market for such  securities  and may have an adverse  impact on the
value of such  securities.  In  addition,  it is likely  that any such  economic
downturn would adversely affect the ability of the issuers of such securities to
repay principal and pay interest thereon.

Standard & Poor's  Corporation  ("S&P") is a private service that provides rates
of the credit  quality  of debt  obligations.  These  ratings  represents  S&P's
opinion as to the quality of the  securities  that they  undertake  to rate.  It
should be  emphasized,  however,  that  ratings are general and are not absolute
standards of quality. Consequently,  securities with the same maturity, interest
rate and rating may have different market prices.  Subsequent to its purchase by
the Fund,  an issue of  securities  may cease to be rated or its  ratings may be
reduced.

<PAGE>

Other Investment  Companies.  Each Fund may invest in securities issued by other
investment  companies within the limits prescribed by the Investment Company Act
of 1940.  Each Fund  intends to limit its  investments  so that,  as  determined
immediately  after a  securities  purchase is made:  (i) not more than 5% of the
value of the Fund's total assets will be invested in the  securities  of any one
investment  company;  (ii) not more  than 10% of the value of the  Fund's  total
assets will be invested in the aggregate in  securities of investment  companies
as a group;  and (iii) not more than 3% of the  outstanding  voting stock of any
one  investment  company  will be owned by the Fund.  To the extent  that a Fund
invests in other  investment  companies,  an  investor in the Fund will bear not
only his  proportionate  share of the  expenses of the Fund but also  indirectly
similar  expenses  of the  underlying  investment  companies  in which  the Fund
invests.  These  expenses  consist of  advisory  fees,  expenses  related to the
distribution of shares, brokerage commissions,  accounting,  pricing and custody
expenses, printing, legal and audit expenses and other miscellaneous expenses.

Policies

Unless  otherwise  noted,   whenever  an  investment  policy  states  a  maximum
percentage of either Fund's assets that may be invested in any security or other
asset, or sets forth a policy regarding  quality  standards,  such a standard or
percentage will be determined  immediately  after and as a result of such Fund's
acquisition of such security or other asset. Accordingly,  any subsequent change
in values,  net  assets,  or other  circumstances  will not be  considered  when
determining   whether  the  investment  complies  with  such  Fund's  investment
objectives and policies.

Each Fund's fundamental  investment  policies cannot be changed without approval
by a  "majority  of  the  outstanding  voting  securities"  (as  defined  in the
Investment  Company  Act of 1940) of the Fund.  The  following  are each  Fund's
fundamental investment policies set forth in their entirety. The Fund may not:

         1.       purchase the  securities of any issuer (other than  securities
                  issued  or  guaranteed  by the U.S.  government  or any of its
                  agencies or instrumentalities)  if, as a result, more than 25%
                  of the Fund's total assets would be invested in the securities
                  of companies  whose principal  business  activities are in the
                  same industry;

         2.       purchase the securities of any issuer if such purchase, at the
                  time  thereof,  would  cause the Fund to fail to  satisfy  the
                  requirements  of the Internal  Revenue Code Section  851(b)(3)
                  (or any successor provision), as amended;

         3.       issue  senior  securities,   except  as  permitted  under  the
                  Investment  Company  Act of 1940,  the rules  and  regulations
                  promulgated  thereunder or  interpretations  of the Securities
                  and Exchange Commission or its staff;

         4.       borrow  money,  except  that  the Fund may  borrow  money  for
                  temporary  or  emergency   purposes  (not  for  leveraging  or
                  investment)  provided that  immediately  after such borrowing,
                  the Fund has asset  coverage  (as  defined  in the  Investment
                  Company Act of 1940) of at least 300%;

         5.       act as an underwriter of securities  issued by others,  except
                  to the extent the Fund may be deemed to be an  underwriter  in
                  connection with the disposition of portfolio securities;

         6.       invest  in  securities  or  other  assets  that  the  Board of
                  Trustees  determines  to be  illiquid  if more than 15% of the
                  Fund's net assets would be invested in such securities;



<PAGE>


         7.       (a) purchase or sell physical commodities unless acquired as a
                  result of ownership of  securities or other  instruments  (but
                  this shall not  prevent  the Fund from  purchasing  or selling
                  options and futures  contracts or from investing in securities
                  or other  instruments  backed by  physical  commodities),  (b)
                  invest in oil,  gas,  or mineral  exploration  or  development
                  programs or leases, or (c) purchase securities on margin.

         8.       purchase  or sell real  estate or make  real  estate  mortgage
                  loans or invest in real estate  limited  partnerships,  except
                  that the Fund may  purchase  and  sell  securities  issued  by
                  entities  engaged in the real estate  industry or  instruments
                  backed by real estate.

         9.       make  loans,  except the Fund may (i)  purchase  and hold debt
                  securities in  accordance  with its  investment  objective and
                  policies,  and (ii) engage in securities  lending as described
                  in  the   Prospectus   and  in  the  Statement  of  Additional
                  Information.

In addition,  it is a fundamental  investment policy of Ameristock Large Company
Growth Fund to satisfy the  requirements  for  classification  of such Fund as a
"diversified"  management  company within the meaning of the Investment  Company
Act of 1940.

The  foregoing  restrictions,  as well as each Fund's  investment  objective  of
seeking capital  appreciation,  are fundamental policies that may not be changed
without the approval of a majority of the applicable Fund's  outstanding  voting
securities.  A majority  of a Fund's  outstanding  voting  securities  means the
lesser of (a) more than 50% of the Fund's  outstanding  voting securities or (b)
67% or more of the voting securities present at a meeting at which more than 50%
of the outstanding voting securities are present or represented by proxy.


MANAGEMENT AGREEMENT

Each Fund employs the Investment Adviser to furnish advisory and other services.
Under the Investment  Adviser's  contract with each Fund, the Investment Adviser
acts as  Investment  Adviser  and,  subject to the  supervision  of the Board of
Trustees,  directs the  investments  of the Fund in  accordance  with the Fund's
investment  objective,  policies,  and limitations.  The Investment Adviser also
provides  the Fund  with all  necessary  office  facilities  and  personnel  for
servicing the Fund's investments,  and compensates all officers of the Fund, all
Trustees who are "interested persons" of the Fund or the Investment Adviser, and
all  personnel  of the Fund or of the  Investment  Adviser  performing  services
relating to research, statistical, and investment activities.

In addition, the Investment Adviser,  subject to the supervision of the Board of
Trustees,  provides the management and administration services necessary for the
operation  of  the  Fund.  These  services  include  providing   facilities  for
maintaining  the Fund's  organization;  supervising  relations with  custodians,
transfer  and  pricing  agents,  accountants,  underwriters,  and other  persons
dealing with the Fund;  preparing  all general  shareholder  communications  and
conducting  shareholder  relations;  maintaining  the  Fund's  records  and  the
registration  of the Fund's  shares  under  federal  and state  law;  developing
management  and  shareholder  services  for the Fund;  and  furnishing  reports,
evaluations, and analysis on a variety of subjects to the Board of Trustees.

The Adviser  pays all  operating  expenses  of each Fund  except for  brokerage,
taxes,  interest,  and extraordinary  expenses  (including,  without limitation,
litigation and indemnification costs and expenses).



<PAGE>


For the services of the  Investment  Adviser,  each Fund pays as  compensation a
fee, accrued daily and payable monthly, at an annual rate of 1.00% of Ameristock
Large Company Growth Fund's  average net assets and 1.35% of Ameristock  Focused
Value Fund's average net assets.


MANAGEMENT OF THE FUND

The  Trustees  and  Officers of the Fund,  their  business  addresses  and their
principal  occupations  during  the past five years are set forth  below.  Those
Trustees who are "interested  persons" (as defined in the Investment Company Act
of 1940) by  virtue  of  their  affiliation  with  the  Investment  Adviser  are
indicated by an asterisk (*).
<TABLE>
<CAPTION>
------------------------------ -------- ------------------------------------ ---------------------------------------

Name and Business Address      Age      Position Held with Fund              Principal Occupation for Last Five
                                                                             Years
<S>                            <C>      <C>                                  <C>
------------------------------ -------- ------------------------------------ ---------------------------------------
------------------------------ -------- ------------------------------------ ---------------------------------------

Nicholas D. Gerber*             (38)    Chairman, President, Treasurer and   President Ameristock Corporation,
P.O. Box 6919                                         Trustee                Portfolio Manager of the Fund.
Moraga, CA 94570                                                             Portfolio Manager with Bank of
                                                                             America helping to manage over
                                                                             $250 million in commingled and
                                                                             mutual fund accounts (1993-1995).
------------------------------ -------- ------------------------------------ ---------------------------------------
------------------------------ -------- ------------------------------------ ---------------------------------------

Stephen J. Marsh                (47)                  Trustee                Vice-President with FMV Opinions,
P.O. Box 6919                                                                Inc. (1998-Present).  Managing
Moraga, CA 94570                                                             Director, The Mentor Group
                                                                             (1991-1998).
------------------------------ -------- ------------------------------------ ---------------------------------------
------------------------------ -------- ------------------------------------ ---------------------------------------

Alev Efendioglu, PhD.           (58)                  Trustee                Professor of Management and Small
P.O. Box 6919                                                                Business Institute Director, McLaren
Moraga, CA 94570                                                             School of Business, University of San
                                                                             Francisco (1977-Present).
------------------------------ -------- ------------------------------------ ---------------------------------------
------------------------------ -------- ------------------------------------ ---------------------------------------
</TABLE>


The Trustees of the Fund who are employees or Trustees of the Investment Adviser
receive no  compensation  from the Fund.  Each of the other  Trustees is paid an
annual  retainer  of $1.00  and is  reimbursed  for the  expenses  of  attending
meetings.

Each Fund and the  Investment  Adviser  have adopted a Code of Ethics under Rule
17j-1  of the  Investment  Company  Act of  1940.  The  Code of  Ethics  permits
personnel  subject to the Code to invest in securities  that may be purchased or
held by the Fund,  except  that each such  person may not  purchase  or sell any
security which, to his actual knowledge at the time of such purchase or sale (a)
is being  considered for purchase or sale by the Fund or (b) is being  purchased
or sold by the Fund.


OWNERSHIP OF SHARES

The only person known by the Funds to be holders of record or beneficially of 5%
or more of the  shares  of either  Fund as of  November  3, 2000 was  Ameristock
Corporation, which owned 100% of the shares of each Fund.

As of November 3, 2000, all Officers and Trustees as a group  beneficially owned
100% of the  outstanding  shares of each Fund.  The shares of each Fund owned by
Ameristock  Corporation  are  deemed to be  beneficially  owned by  Nicholas  D.
Gerber,  Chairman of the Fund and the  President  and  majority  shareholder  of
Ameristock Corporation.


<PAGE>



PORTFOLIO TURNOVER

While it is difficult to predict, the Investment Adviser expects that the annual
portfolio turnover rate will not exceed 100% for Ameristock Large Company Growth
Fund  and  200%  for  Ameristock  Focused  Value  Fund.  A  greater  rate may be
experienced  during periods of marketplace  volatility which  necessitates  more
active trading.  A higher portfolio  turnover rate involves greater  transaction
costs to the Fund and may result in the  realization  of net capital gains which
would be taxable to shareholders when distributed.


PORTFOLIO TRANSACTIONS AND BROKERAGE

Subject to the  supervision of the Board of Trustees,  decisions to buy and sell
securities for each Fund and  negotiation of its brokerage  commission  rate are
made by the Investment  Adviser.  Transactions  on United States stock exchanges
involve the payment by the Fund of negotiated  brokerage  commissions.  There is
generally  no  stated  commission  in  the  case  of  securities  traded  in the
over-the-counter  market  but the price  paid by the Fund  usually  includes  an
undisclosed  dealer commission or mark-up.  In certain  instances,  the Fund may
make purchases of underwritten issues at prices which include underwriting fees.

In selecting a broker to execute each transaction,  the Investment  Adviser will
take  the  following  into  consideration:  the best net  price  available;  the
reliability,  integrity  and  financial  condition  of the broker;  the size and
difficulty in executing the order; and the value of the expected contribution of
the broker to the  investment  performance  of the Fund on a  continuing  basis.
Accordingly,  the  cost  of  the  brokerage  commissions  to  the  Fund  in  any
transaction  may be  greater  than that  available  from  other  brokers  if the
difference is reasonably  justified,  determined in good faith by the Investment
Adviser,  by other aspects of the portfolio  execution  services offered such as
research,  economic  data,  and  statistical  information  about  companies  and
industries, non-inclusive.


SHARE REDEMPTIONS

The right of  redemption  may be  suspended,  or the date of  payment  postponed
beyond the normal seven-day period by each Fund, under the following  conditions
authorized  by the 1940 Act:  (1) for any period  (a) during  which the New York
Stock Exchange is closed,  other than customary weekend and holiday closing,  or
(b) during which trading on the New York Stock Exchange is  restricted;  for any
period during which an emergency  exists as a result of (a) disposal by the Fund
of  securities  owned  by it is  not  reasonably  practicable,  or (b) it is not
reasonably  practicable  for the Fund to  determine  the  fair  value of its net
assets;  and (3) for such other  periods as the SEC may by order  permit for the
protection of the Fund's shareholders.

The  value of shares  of each  Fund on  redemption  may be more or less than the
shareholder's  cost,  depending  upon market  value of the Fund's  assets at the
time.  Shareholders  should note that if a loss has been realized on the sale of
shares of the Fund, the loss may be disallowed for tax purposes if shares of the
same Fund are purchased within (before or after) 30 days of the sale.



<PAGE>


Each Fund has elected to be governed by Rule 18f-1 under the Investment  Company
Act of 1940 pursuant to which such Fund is obligated during any 90 day period to
redeem shares for any one  shareholder of record solely in cash up to the lesser
of $250,000 or 1% of the net asset value of such Fund at the  beginning  of such
period. Should a redemption exceed such limitation,  a Fund may deliver, in lieu
of cash,  readily  marketable  securities  from its  portfolio.  The  securities
delivered  will be  selected  at the  sole  discretion  of such  Fund,  will not
necessarily  be  representative  of the entire  portfolio  and may be securities
which the Fund would  otherwise  sell.  The redeeming  shareholder  will usually
incur  brokerage  costs in  converting  the  securities  to cash.  The method of
valuing  securities used to make the redemptions in kind will be the same as the
method of valuing portfolio securities and such valuation will be made as of the
same time the redemption price is determined.




<PAGE>


TAXATION OF THE FUNDS

Each Fund intends to qualify each year as a "regulated investment company" under
the  requirements  of  Subchapter  M of the Internal  Revenue  Code of 1986,  as
amended.  Qualification  as a regulated  investment  company will result in each
Fund's paying no taxes on net income and net realized capital gains  distributed
to  shareholders.  If these  requirements  are not met, a Fund will not  receive
special tax treatment  and will pay federal  income tax, thus reducing the total
return of the Fund.

Statements   as  to  the  tax  status  of  each   shareholder's   dividends  and
distributions will be mailed annually by the Fund's transfer agent. Shareholders
are urged to consult their own tax advisors  regarding  specific questions as to
Federal, state or local taxes.


PERFORMANCE INFORMATION

From time to time,  quotations  of each  Fund's  performance  may be included in
advertisements,  sales  literature  or reports to  shareholders  or  prospective
investors. Each Fund may also compare its performance figures to the performance
of unmanaged indices which may assume  reinvestment of dividends or interest but
generally do not reflect  deductions for  administrative  and management  costs.
Examples include,  but are not limited to, the Dow Jones Industrial Average, the
Consumer  Price  Index,  Standard & Poor's 500  Composite  Price Index (the "S&P
500"), the various NASDAQ indices, and the Wilshire 5000. In addition,  the Fund
may compare its  performance to the  performance of broad groups of mutual funds
with similar  investment goals, as tracked by independent  organizations such as
Investment Company Data, Inc., Lipper Analytical Services,  Inc., CDA Investment
Technologies,  Inc., Morningstar,  Inc., Ibbotsen Associates,  Value Line Mutual
Fund Survey, and other independent  organizations.  Also, each Fund may refer to
its ratings  and related  analysis  supporting  the ratings  from these or other
independent organizations.

From time to time, each Fund may compare its performance  against inflation with
the  performance  of other  instruments  against  inflation,  such as short-term
Treasury Bills (which are direct  obligations of the U.S.  Government) and FDIC-
insured  bank money  market or  certificate  of deposit  accounts.  In addition,
advertising  for the Fund may indicate that investors may consider  diversifying
their  investment  portfolios in order to seek  protection of the value of their
assets against inflation.  From time to time advertising  materials for the Fund
may refer to, or include commentary by the Fund's portfolio managers relating to
their respective investment strategies,  asset growth, current or past business,
political,  economic  or  financial  conditions  and other  matters  of  general
interest to investors. In addition, from time to time, advertising materials for
the Funds may  include  information  concerning  retirement  and  investing  for
retirement,    including   information   provided   by   the   Social   Security
Administration,  and may refer to the  approximate  number of then  current Fund
shareholders.

Each Fund may compare its  performance to various capital markets such as common
stocks,  long-term  government  bonds,  Treasury  bills,  and the  U.S.  rate of
inflation  as these  figures  are  provided  by  Ibbotsen  Associates  and other
independent  organizations.  Each  Fund may also  use the  performance  of these
capital  markets in order to demonstrate  general risk versus reward  investment
scenarios.  In addition,  each Fund may quote financial or business publications
and periodicals,  including model  portfolios or allocations,  as they relate to
fund management, investment philosophy, and investment techniques.

Each Fund may quote its performance in various ways. All performance information
supplied  by the  Fund in  advertising  is  historical  and is not  intended  to
indicate  future  returns.  A Fund's share price and total returns  fluctuate in
response to market  conditions and other  factors,  and the value of Fund shares
may be more or less than their original cost.



<PAGE>


Total  returns  quoted in  advertising  reflect all  aspects of a Fund's  return
including the effect of  reinvesting  dividends and capital gain  distributions,
and any change in the Fund's net asset  value per share  (NAV) over the  period.
Average annual  returns are  calculated by determining  the growth or decline in
value of a hypothetical  historical investment in the Fund over a stated period,
and then  calculating  the annually  compounded  percentage rate that would have
produced  the same  result if the rate of growth  or  decline  in value had been
constant  over the period.  For example,  a  cumulative  return of 100% over ten
years would produce an average annual total return of 7.18%, which is the steady
annual rate of return that would equal 100% growth on a compounded  basis in ten
years.  While  average  annual  returns  are a  convenient  means  of  comparing
investment alternatives, the Fund's performance is not consistent over time, but
changes from year to year, and that average annual returns  represent figures as
opposed to the actual  year-to-year  performance  of the Fund.  The  formula for
determining annual average total return expressed as a percentage is:

                  T = (ERV/P) 1/n - 1

         Where:

                  T = average  annual  total return
                  P = a  hypothetical  initial investment  of  $1,000
                  n =  number  of  years.
                  EVR = ending redeemable value: ERV is the value, at the end of
                  the applicable period, of a hypothetical $1,000 investment
                  made at the beginning of the applicable period.

In addition to average  annual total returns,  the Fund may quote  unaveraged or
cumulative total returns  reflecting the simple change in value of an investment
over a stated period.  Average annual and cumulative  returns may be quoted as a
percentage  change or as a dollar  amount,  and may be  calculated  for a single
investment, a series of investments,  or a series of redemptions,  over any time
period.  Total returns may be broken down into their  component  parts of income
and capital  (including  capital  gains and changes in share  price) in order to
illustrate the  relationship  of these factors and their  contribution  to total
return.


ADDITIONAL INFORMATION

Each Fund is an open-end  management  investment  company and is a portfolio  of
Davis Park Series Trust, a Delaware  business trust organized on August 17, 2000
(the "Trust"). The Trust's Declaration of Trust authorizes the Board of Trustees
to issue an unlimited number of shares of each Fund. Each share of each Fund has
equal voting,  dividend,  distribution and liquidation rights. In the event that
Ameristock  Corporation ceases to be the investment  advisor,  the right of each
Fund to use the identifying name "Ameristock" may be withdrawn.

Firstar  Bank,  N.A.,  Cincinnati,  Ohio, is the custodian of the assets of each
Fund. The custodian is responsible for the safekeeping of each Fund's assets and
the appointment of sub-custodians and clearing agencies.  The custodian takes no
part in determining the investment  policies of either Fund or in deciding which
securities are purchased or sold by each Fund. Each Fund may, however, invest in
obligations of the custodian and may purchase securities from or sell securities
to the custodian.  The Investment Adviser,  its Officers and Directors,  and the
Fund's  Trustees may from time to time have  transactions  with  various  banks,
including  banks  servings as custodians  for assets  advised by the  Investment
Adviser.  There  have  been no  transactions  of this  sort  to  date  with  the
Custodian.



<PAGE>


The Financial  Statements  of the Fund included in this  Statement of Additional
Information  have been so  included  in  reliance  on the  report  of  McCurdy &
Associates,   Inc.,  independent  certified  public  accountant,  given  on  the
authority of that firm as experts in accounting and auditing.

[Financial Statements to follow this page]



<PAGE>









To The Shareholders and Trustees
Davis Park Series Trust:

We have audited the  accompanying  statement of assets and  liabilities of Davis
Park Series Trust  (comprising,  respectively,  Ameristock  Large Company Growth
Fund and Ameristock  Focused Value Fund) as of November 6, 2000.  This financial
statement is the responsibility of the Trust's management. Our responsibility is
to express an opinion on this financial statement based on our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards  require that we plan and perform the audit to obtain reasonable
assurance  about  whether the  statement  of assets and  liabilities  is free of
material  misstatement.  An audit includes examining,  on a test basis, evidence
supporting  the  amounts  and   disclosures  in  the  statement  of  assets  and
liabilities. An audit also includes assessing the accounting principles used and
significant  estimates  made by  management,  as well as evaluating  the overall
statement  of assets  and  liabilities  presentation.  Our  procedures  included
confirmation  of  cash  held  by  the  custodian  as of  November  6,  2000,  by
correspondence  with the  custodian.  We  believe  that  our  audit  provides  a
reasonable basis for our opinion.

In our  opinion,  the  statement  of assets and  liabilities  referred  to above
presents fairly, in all material respects, the financial position of each of the
respective portfolios constituting the Davis Park Series Trust as of November 6,
2000, in conformity with generally accepted accounting principles.


  /s/ McCurdy & Associates CPA's, Inc.
McCurdy & Associates CPA's, Inc.
Westlake, Ohio
November 6, 2000


<PAGE>



                             DAVIS PARK SERIES TRUST
                       STATEMENT OF ASSETS AND LIABILITIES
                                NOVEMBER 6, 2000


                                            Ameristock           Ameristock
                                          Large Company           Focused
                                           Growth Fund           Value Fund

ASSETS:
    Cash in Bank                             $10,000              $90,000
                                             -------              -------

         Total Assets                        $10,000              $90,000
                                             -------              -------


LIABILITIES:                                 $     0              $     0
                                             -------              -------

         Total Liabilities                   $     0              $     0
                                             -------              -------

NET ASSETS                                   $10,000              $90,000
                                             -------              -------


NET ASSETS CONSIST OF:
  Capital Paid In                            $10,000              $90,000
                                             -------              -------


OUTSTANDING SHARES                            666.67             6,000.00


NET ASSET VALUE PER SHARE                     $15.00               $15.00


OFFERING PRICE PER SHARE                      $15.00               $15.00








                          See Accountants' Audit Report


<PAGE>



                             DAVIS PARK SERIES TRUST
                          NOTES TO FINANCIAL STATEMENTS
                                November 6, 2000


1.  ORGANIZATION
        Each  Fund  is  an  open-end  management  investment  company  and  is a
        portfolio  of  Davis  Park  Series  Trust,  a  Delaware  business  trust
        organized on August 17, 2000 (the "Trust").  The Trust's  Declaration of
        Trust  authorizes the Board of Trustees to issue an unlimited  number of
        shares of each Fund. Each share of each Fund has equal voting, dividend,
        distribution  and  liquidation  rights.  In the  event  that  Ameristock
        Corporation ceases to be the investment adviser,  the right of each Fund
        to use the identifying name "Ameristock" may be withdrawn.

        The primary investment  objective of the Ameristock Large Company Growth
        Fund is to seek capital appreciation.

        The primary investment objective of the Ameristock Focused Value Fund is
        to seek capital appreciation.

        Each  Fund  uses  an  independent   custodian  and  transfer  agent.  No
        transactions other than those relating to organizational matters and the
        sale of 666.67  shares  of  Ameristock  Large  Company  Growth  Fund and
        6,000.00  shares of  Ameristock  Focused  Value Fund have taken place to
        date.

2.  RELATED PARTY TRANSACTIONS
        The  only  person  known  by  the  Funds  to be  holders  of  record  or
        beneficially  of 5% or more of the shares of either  Fund as of November
        6, 2000 was  Ameristock  Corporation,  which owned 100% of the shares of
        each Fund.

        As  of  November  6,  2000,   all  Officers  and  Trustees  as  a  group
        beneficially  owned 100% of the  outstanding  shares of each  Fund.  The
        shares of each Fund  owned by  Ameristock  Corporation  are deemed to be
        beneficially  owned by Nicholas D. Gerber,  Chairman of the Fund and the
        President and majority shareholder of Ameristock Corporation.

        Each Fund employs Ameristock  Corporation (the "Investment  Adviser") to
        furnish  advisory and other  services.  Under the  Investment  Adviser's
        contract  with each Fund,  the  Investment  Adviser  acts as  Investment
        Adviser  and,  subject  to the  supervision  of the  Board of  Trustees,
        directs  the  investments  of the Fund in  accordance  with  the  Fund's
        investment objective,  policies, and limitations. The Investment Adviser
        also  provides  the  Fund  with  all  necessary  office  facilities  and
        personnel for  servicing the Fund's  investments,  and  compensates  all
        officers of the Fund, all Trustees who are  "interested  persons" of the
        Fund or the Investment Adviser,  and all personnel of the Fund or of the
        Investment   Adviser   performing   services   relating   to   research,
        statistical, and investment activities.

        In addition,  the Investment Adviser,  subject to the supervision of the
        Board of Trustees,  provides the management and administration  services
        necessary  for  the  operation  of  the  Fund.  These  services  include
        providing   facilities   for   maintaining   the  Fund's   organization;
        supervising  relations  with  custodians,  transfer and pricing  agents,
        accountants, underwriters, and other persons dealing with the


<PAGE>



                             DAVIS PARK SERIES TRUST
                     NOTES TO FINANCIAL STATEMENTS (CONT'D)
                                November 6, 2000


 2.  RELATED PARTY TRANSACTIONS (Cont'd)
        Fund;  preparing all general shareholder  communications and conducting
        shareholder   relations;   maintaining   the  Fund's   records  and  the
        registration   of  the  Fund's  shares  under  federal  and  state  law;
        developing  management  and  shareholder  services  for  the  Fund;  and
        furnishing reports,  evaluations,  and analysis on a variety of subjects
        to the Board of Trustees.

        The  Adviser  pays  all  operating  expenses  of each  Fund  except  for
        brokerage, taxes, interest,  extraordinary expenses (including,  without
        limitation, litigation and indemnification costs and expenses).

        For  the  services  of  the  Investment  Adviser,   each  Fund  pays  as
        compensation a fee, accrued daily and payable monthly, at an annual rate
        of 1.00% of Ameristock  Large Company  Growth Fund's  average net assets
        and 1.35% of Ameristock Focused Value Fund's average net assets.

3.  CAPITAL STOCK AND DISTRIBUTION
     At  November 6, 2000 paid in capital  amounted  to $10,000  for  Ameristock
     Large Company  Growth Fund and $90,000 for  Ameristock  Focused Value Fund.
     Transactions in capital stock were as follows:

                                                    Ameristock       Ameristock
                                                  Large Company       Focused
                                                   Growth Fund       Value Fund

          Shares Sold                                 666.67          6,000.00

          Shares Redeemed                                  0                 0
                                                    ----------       ----------

          Net Increase                                666.67          6,000.00
                                                    ----------       ----------

          Shares Outstanding                          666.67          6,000.00
                                                    ----------       ----------



<PAGE>




                                   SIGNATURES


 Pursuant to the  requirements  of the Securities Act of 1933 and the Investment
Company  Act  of  1940,  the  Registrant  has  duly  caused  this  Amendment  to
Registration Statement to be signed on its behalf by the undersigned,  thereunto
duly authorized,  in the City of Moraga, State of California, on the 19th day of
December, 2000.


                                                 DAVIS PARK SERIES TRUST


                                                 By:   /s/ Nicholas D. Gerber
                                                    Nicholas D. Gerber, Chairman


         Pursuant  to the  requirements  of the  Securities  Act of  1933,  this
Registration  Statement  has been signed below by the  following  persons in the
capacities and on the dates indicated.


Signature                                  Title                     Date


By:   /s/ Nicholas D. Gerber         Chairman, President,      December 19, 2000
   ----------------------------     Treasurer and Trustee
         Nicholas D. Gerber

By:   /s/ Alev Efendioglu                 Trustee              December 19, 2000
   ------------------------------
       Alev Efendioglu, PhD

By:   /s/ Stephen J. Marsh                Trustee              December 19, 2000
   ------------------------------
        Stephen J. Marsh






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