Filed Pursuant to Rule
497(e) under the
Securities Act of 1933
Registration No. 2-15037
TRAINER, WORTHAM FIRST MUTUAL FUNDS
First Mutual Fund
Trainer, Wortham Total Return Bond Fund
Supplement dated December 30, 1998
to Prospectus dated October 30, 1998 and
Statement of Additional Information dated October 30, 1998
The following information replaces and supersedes any contrary information
contained in the Trust's Prospectus and Statement of Additional Information.
The paragraph under the heading "Distributor" on page 12 of the First Mutual
Fund Prospectus and on page 9 of the Total Return Bond Fund Prospectus is
deleted and replaced with the following:
Effective January 1, 1999, First Data Distributors, Inc., 4400 Computer
Drive, Westboro, Massachusetts 01581 serves as underwriter pursuant to an
underwriting agreement for the limited purpose of acting as underwriter to
facilitate the registration of shares of each Fund under state securities
laws and to assist in the sale of shares.
All other references to FPS Broker Services, Inc. in the Prospectus and
Statement of Additional Information are hereby replaced with First Data
Distributors, Inc.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS AND STATEMENT OF ADDITIONAL
INFORMATION FOR FUTURE REFERENCE.
FIRST DATA INVESTOR SERVICES GROUP, INC.
3200 Horizon Drive
King of Prussia, PA 19406-0903
December 30, 1998
SECURITIES AND EXCHANGE COMMISSION
Judiciary Plaza
Public Filing Desk
450 Fifth Street, NW
Washington, DC 50549
Re: Trainer, Wortham First Mutual Funds (the "Registrant")
File No. 2-15037
To the Staff of the Commission:
Pursuant to Rule 497(e) under the Securities Act of 1933, as amended,
enclosed for filing on behalf of the Registrant is the EDGAR transmission of
the Supplement, dated December 30, 1998, to the Prospectus and the Statement
of Additional Information both dated October 30, 1998.
The purpose of this filing is to make certain non-material revisions
regarding the Underwriter to the current Prospectus and Statement of
Additional Information.
Should you have any questions, comments or require further information, I
can be reached directly at 610-239-4747.
Thank you for your courtesy and cooperation.
Sincerely,
Kelly A. O'Neill
Compliance Administrator
cc: Debi Clark (Secretary, Trainer, Wortham First Mutual Funds)
Patrick Turley, Esq. (Dechert Price & Rhoads)
