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ONE GROUP(R) MUTUAL FUNDS
BOND FUNDS COMBINED PROSPECTUS
Supplement dated June 9, 2000
to Prospectus dated November 1, 1999
Anthony L. Longi, Jr. has resigned as an officer of Banc One High Yield Partners
and an employee of Pacholder Associates, Inc. Therefore, references to Mr. Longi
under THE FUND MANAGERS on page 63 of the prospectus are deleted. Banc One High
Yield Partners will continue to manage the High Yield Bond Fund, and that
portion of the Income Bond Fund invested in high yield securities. However, like
the other One Group Funds, the High Yield Bond Fund and the Income Bond Fund
will be managed by a team of Fund managers, research analysts, and fixed income
traders.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE
TOG-S-1073
