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FORUM FUNDS
SPORTSFUND-SM-
Supplement to Prospectus dated August 1, 1996
On Tuesday, December 24, 1996 the Board of Trustees (the "Board") of Forum
Funds received letters of resignation from Forum Advisors, Inc. ("Forum
Advisors"), the subadviser to Sportsfund (the "Fund"), Forum Administrative
Services, LLC ("FAS"), the manager of the Fund, Forum Financial Services, Inc.
("Forum"), the distributor of the Fund, and Forum Financial Corp. ("FFC"), the
Fund's transfer agent. These resignations are effective as of March 24, 1997,
in the case of Forum Advisers, and as of February 22, 1997, in the case of
Forum, FAS, and FFC.
The Board has suspended sales of the Fund's shares, effective
immediately, and is taking steps to terminate the Fund.
December 26, 1996
