SUPPLEMENT DATED JUNE 20, 1996 TO
PROSPECTUS DATED APRIL 30, 1996
The disclosure contained in the second paragraph under the heading "How
to Redeem Shares" on page 14 of the Prospectus is changed to read:
IN WRITING. To redeem all or part of your shares by writing, you must
send the following items to DST Systems, Inc., at P.O. Box 419958, Kansas
City, Missouri 64141:
* * *
The disclosure contained in the third sentence of subsection (d) under
the heading "How to Redeem Shares/In Writing" on page 14 of the Prospectus is
changed to read:
To avoid delay in redemption or transfer, shareholders having any
questions about these requirements should contact the Fund in writing or by
calling 1-800-435-1768 before submitting a request.
* * *
The disclosure contained in the second sentence of the second paragraph
under the heading "How to Redeem Shares/By Telephone" on page 14 of the
Prospectus is changed to read:
If you would like to establish this option on an existing account, please
call 1-800-435-1768 for additional information and the proper form.
* * *
The disclosure contained in the paragraph under the heading "Custodian
and Transfer Agent" on page 18 of the Prospectus is changed to read:
CUSTODIAN AND TRANSFER AGENT. The Fund has been deemed a self-custodian
pursuant to the rules promulgated under the Investment Company Act of 1940
because the Adviser acts as the Fund's custodian. DST Systems, Inc., at 210
West 10th Street, 7th Floor, Kansas City, Missouri, acts as the Fund's
transfer agent and dividend disbursing agent.
* * *
The disclosure contained in item 6 under the heading "Telephone
Redemption Option" in the Fund's Share Purchase Application (attached between
pages 12 and 13 of the Prospectus) is changed to read:
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6. TELEPHONE REDEMPTION OPTION
I (we) authorize DST Systems, Inc. to act upon my (our) telephone
instructions to redeem shares from this account:
____________________________ ______________________________
Owner of Fund Account Signature
____________________________ _______________________________
Joint Owner of Fund Account Signature
The proceeds of any redemption may be mailed only to the name and address
in which your Omni Investment Fund account is registered.
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