MOSAIC EQUITY TRUST
497, 1997-05-12
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Supplement dated May 12, 1997 to GIT Equity Trust
Prospectus and Statement of Additional Information dated 
July 31, 1996

On May 12, 1997, the GIT Investment Funds family of mutual 
funds changed its name to Mosaic Funds.  Accordingly, 
GIT Equity Trust was renamed Mosaic Equity Trust, the Select 
Growth Portfolio was renamed Mosaic Investors Fund, the 
Special Growth Portfolio was renamed Mosaic Mid-Cap Growth 
Fund, the Equity Income Portfolio was renamed Mosaic Equity 
Income Fund and the Worldwide Growth Portfolio was renamed 
Mosaic Worldwide Growth Fund.



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