MAXUS INCOME FUND
MAXUS EQUITY FUND
MAXUS LAUREATE FUND
MAXUS OHIO HEARTLAND FUND
MAXUS AGGRESSIVE VALUE FUND
(each a "Fund" and collectively, the "Funds")
Investor Shares
Institutional Shares
Supplement Dated January 2, 2001
to the Prospectus dated April 30, 2000
On December 28, 2000, the Shareholders of each of the Funds approved a
new Investment Advisory and Administration Agreement between Maxus Asset
Management ("MAM") and each of the Funds. This approval was necessary in order
for MAM to continue to serve as investment manager of each Fund after
consummation of a transaction in which Fifth Third Bank ("FTB") acquired all of
the stock of Resource Management, Inc. dba Maxus Investment Group ("RMI"), the
parent of MAM, by means of a merger of RMI with and into FTB (the
"Transaction").
The Transaction closed on January 2, 2001. As a result, FTB has a 100%
ownership interest in MAM. The Transaction will not affect MAM's day-to-day
operations, its investment process, or its portfolio management team. The
Transaction will not cause any changes to the Funds' investment objectives or
policies.
Effective as of January 2, 2001, the Funds have changed their names to:
Fifth Third/Maxus Income Fund
Fifth Third/Maxus Equity Fund
Fifth Third/Maxus Laureate Fund
Fifth Third/Maxus Ohio Heartland Fund
Fifth Third/Maxus Aggressive Value Fund
Effective January 2, 2001, the Funds' Distributor is BISYS Fund
Services Limited Partnership, 3435 Stelzer Road, Columbus Ohio 43219.
The Custodian for each Fund's securities and cash has been changed to
Fifth Third Bank, 38 Fountain Square Plaza, Cincinnati, Ohio 45263.
Investors desiring to transmit funds via Federal Reserve Wire System
should not transmit funds to the bank account provided at page 38 of the
Prospectus, but should contact Mutual Shareholder Services at (216) 736-3500 for
the correct routing information.
