MAP EQUITY FUND, 497, 1996-12-20

MAP EQUITY FUND
497, 1996-12-20

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                         MAP-EQUITY FUND
                                
               Supplement Dated December 19, 1996
               To the Prospectus dated May 1, 1996
              and Supplement dated October 9, 1996
                                
      The Board of Directors of MAP-Equity Fund (the "Fund")  has
authorized First Priority Investment Corporation, the Distributor
of  the  Fund,  to extend until February 15, 1997  the  offer  of
Promotional  Shares  of the Fund at Net Asset  Value,  under  the
terms and conditions described in the Supplement dated October 9,
1996.