QUANTITATIVE GROUP OF FUNDS
Supplement dated April 15, 1997 to
Prospectus dated August 1, 1996 as revised August 8, 1996
Effective April 8, 1997 the Trust ceased to offer shares of the
Quantitative Disciplined Growth Fund and notified the shareholders of the Fund
that the Fund will be terminated on April 30, 1997. Upon such termination
all remaining assets of the Fund will be distributed to the shareholders
ratably according to the number of shares of the Fund held by the several
shareholders on April 30, 1997. Shareholders of the Quantitative Disciplined
Growth Fund are entitled at any time prior to April 30, 1997 to exchange all
or a portion of their shares of the Fund for shares of any other Fund.
