FORUM FUNDS
DAILY ASSETS TREASURY FUND
DAILY ASSETS GOVERNMENT FUND
DAILY ASSETS CASH FUND
SUPPLEMENT DATED NOVEMBER 3, 1997 TO
PROSPECTUS DATED AUGUST 1, 1997
1. Shares of Daily Assets Government Fund are currently not offered for sale.
2. Replace paragraph two under "Advisers" with the following paragraph:
For its services, Forum Advisors receives an advisory fee at an annual
rate of 0.05% of Treasury Portfolio's average daily net assets. For its
services, Linden receives from each of Government Cash Portfolio and Cash
Portfolio an advisory fee based upon the total average daily net assets of those
Portfolios and the other portfolio of Core Trust that Linden advises ("Total
Portfolio Assets"). Linden's fee is calculated at an annual rate on a cumulative
basis as follows: 0.06% of the first $200 million of Total Portfolio Assets,
0.04% of the next $300 million of Total Portfolio Assets, and 0.03% of the
remaining Total Portfolio Assets. A Fund's expenses include the Fund's pro rata
portion of the advisory fee paid by the corresponding Portfolio. To the extent
Forum Advisors or Linden has delegated its responsibilities to the other, Forum
Advisors or Linden pays its advisory fee accrued for such period of time to the
other. Currently, it is anticipated that Linden will delegate responsibility for
portfolio management infrequently to Forum Advisors.
