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ARMADA FUNDS
A AND B SHARES (RETAIL)
Supplement Dated October 15, 1999 to
the Prospectus Dated September 28, 1999
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS
AND SHOULD BE RETAINED AND READ IN CONJUNCTION WITH SUCH PROSPECTUS.
This prospectus is amended by addition of the following information to the
section entitled "How to Purchase Fund Shares" on page 82:
During the period beginning October 15, 1999 and ending no later than January
15, 2000, any employee of National City Corporation or any of its affiliates and
their immediate family members, as defined in the prospectus, who opens a new
account in Armada Funds for the purchase of Class A shares will receive $50.
This offer is also available to those employees / immediate family members who
add an additional fund to their existing Armada Funds account. The cost of the
promotion will be borne by the Fund's Distribution Plan.
The offer is subject to the following conditions:
- - The employee or immediate family member will invest in a new Armada Funds
account or a new fund for an existing account with the required minimum
initial purchase ($500 for a regular account; $50 if participating in the
Planned Investment Program).
- - The Fund will invest $50 in the newly established account / fund no later than
the 15th business day of the month following the initial purchase.
- - A $50 Redemption Fee will be charged if the new account / fund is fully
redeemed within six months of its opening. Exchanges between the funds of the
Trust will not be charged.
- - The offer may be terminated (as to persons who have not yet purchased shares
at the time of termination) at any time by the Distributor without prior
notice.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
ARM-A-004-01000 (10/99)
