RNC LIQUID ASSETS FUND INC
497, 1996-02-05
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                          RNC LIQUID ASSETS FUND, INC.
                      Supplement Dated February 1, 1996 to
                       Prospectus dated February 1, 1996


         Until March 1, 1996,  the Provident Bank of Cincinnati is the Custodian
and Transfer  and Dividend  Disbursing  Agent for RNC Liquid  Assets Fund,  Inc.
After  March 1, 1996,  the  Custodian  shall be Star Bank and the  Transfer  and
Divident Disbursing Agent shall be American Data Services, Inc.



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