PINNACLE FUND
497, 1996-09-05
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                                                            Rule 497(e)
                                                            Rule 482 ad

                             PINNACLE FUND

                           IDEAL FOR AN IRA


The right choice for the growth             AVERAGE ANNUAL TOTAL RETURNS
part of your investment portfolio.             THROUGH JUNE 30, 1996
The fund seeks capital growth and
income by investing in seasoned         One Year   Five Years   Ten Years
companies with strong earnings            32.26%      13.85%      12.02%
potential.

For more information or to request
a prospectus, contact Tom Maurath
at the Pinnacle Fund                  MANAGED BY HEARTLAND CAPITAL
317.633.4080.                         MANAGEMENT, INC.
                                      INVESTMENT ADVISORS

For a prospectus call (317) 633-4080

Note:  Performance is historical and does not represent future results. 
Investment returns and principal value vary and you may have a gain or
loss when you sell shares.  Call for the Pinnacle Fund's free prospectus
which has more complete information including management fees and
expenses.  Please read it carefully before you invest or send money.



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