MAP EQUITY FUND
497, 1998-09-24
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                         MAP-EQUITY FUND
             520 Broad Street, Newark, NJ 07102-3111
                         1-800-559-5535
                                
               Supplement dated September 24, 1998
 To Prospectus Dated May 1, 1998, as Supplemented August 6, 1998

This supplement should be read in conjunction with the prospectus
for  the  MAP-Equity Fund (the "Fund"), a copy of  which  can  be
obtained   without   charge   from  First   Priority   Investment
Corporation  ("First  Priority"), 520 Broad Street,  Newark,  New
Jersey 07102, ATTN: MAP-EQUITY FUND, or by telephoning 1-800-559-
5535.

The  Board of Directors of the Fund has voted to discontinue  the
Exchange  Privilege  between the Fund  and  MAP-Government  Fund,
Inc.,  as described on pages 11-12 of the Fund's Prospectus.  The
discontinuance will be effective 60 days from the  date  of  this
Supplement.




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