May 1, 1997
The Enterprise Group of Funds, Inc.
Supplement to the Prospectus dated May 1, 1997
As to shareholders purchasing through registered
representatives
affiliated with Advest, Inc.: The following
supplements the information that
appears in the section of the Prospectus "How to
Purchase Portfolio Shares"
at page 39: For the limited period from May 1, 1997
through May 31, 1997,
Enterprise Fund Distributors, Inc. will compensate
Advest, Inc. for sales in
excess of ten thousand dollars of Class A shares under
the net asset value
purchase privilege at a commission rate of 1.00% of the
amount of Class A
shares purchased.
