Rule 497(e)
File No. 2-94935
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CORTLAND TRUST, INC. 600 Fifth Avenue
New York, New York 10020
(212) 830-5280
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SUPPLEMENT TO PROSPECTUS DATED JULY 27, 1999
Effective immediately, the first paragraph under the sub-heading "Investment
Objective" of the U.S. Government Fund on page 8 has been amended to read as
follows:
U.S. Government Fund ("Government Fund")
RISK/RETURN SUMMARY: INVESTMENTS, RISKS AND PERFORMANCE
Investment Objective
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The Government Fund seeks to provide its investors with as high a level of
current income as is consistent with preservation of capital and liquidity.
In addition, also effective immediately, the first paragraph under the
sub-heading "Investment Objective" of the Government Fund on page 11 has been
amended to read as follows:
INVESTMENT OBJECTIVES, PRINCIPAL INVESTMENT STRATEGIES AND RELATED RISKS
Investment Objective
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The Government Fund seeks to provide its investors with as high a level of
current income as is consistent with preservation of capital and liquidity.
There can be no assurance that the Government Fund will achieve its investment
objective.
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Rule 497(e)
File No. 2-94935
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LIVE OAK SHARES 600 Fifth Avenue
New York, New York 10020
(212) 830-5280
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SUPPLEMENT TO PROSPECTUS DATED JULY 27, 1999
Effective immediately, the first paragraph under the sub-heading "Investment
Objective" of the Live Oak U.S. Government Fund on page 8 has been amended to
read as follows:
LIVE OAK U.S. GOVERNMENT FUND ("LIVE OAK GOVERNMENT FUND")
RISK/RETURN SUMMARY: INVESTMENTS, RISKS AND PERFORMANCE
Investment Objective
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The Live Oak Government Fund seeks to provide its investors with as high a
level of current income as is consistent with preservation of capital and
liquidity.
In addition, also effective immediately, the first paragraph under the
sub-heading "Investment Objective" of the Live Oak Government Fund on page 11
has been amended to read as follows:
INVESTMENT OBJECTIVES, PRINCIPAL INVESTMENT STRATEGIES AND RELATED RISKS
Investment Objective
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The Live Oak Government Fund seeks to provide its investors with as high a
level of current income as is consistent with preservation of capital and
liquidity. There can be no assurance that the Live Oak Government Fund will
achieve its investment objective.
<PAGE>
Rule 497(e)
File No. 2-94935
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BRADFORD SHARES 600 Fifth Avenue
New York, New York 10020
(212) 830-5280
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SUPPLEMENT TO PROSPECTUS DATED JULY 27, 1999
Effective immediately, the first paragraph under the sub-heading "Investment
Objective" of the Bradford U.S. Government Money Market Fund on page 3 has been
amended to read as follows:
BRADFORD U.S. GOVERNMENT MONEY MARKET FUND
("BRADFORD U.S. GOVERNMENT FUND")
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RISK/RETURN SUMMARY: INVESTMENTS, RISKS AND PERFORMANCE
Investment Objective
The Bradford U.S. Government Fund seeks to provide its investors with as
high a level of current income as is consistent with preservation of capital and
liquidity.
In addition, also effective immediately, the first paragraph under the
sub-heading "Investment Objective" of the Bradford U.S. Government Fund on page
6 has been amended to read as follows:
INVESTMENT OBJECTIVES, PRINCIPAL INVESTMENT STRATEGIES AND RELATED RISKS
Investment Objective
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The Bradford U.S. Government Fund seeks to provide its investors with as
high a level of current income as is consistent with preservation of capital and
liquidity. There can be no assurance that the Bradford U.S. Government Fund will
achieve its investment objective.
