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ARMADA FUNDS
Supplement Dated January 31, 2000 to
the Statement of Additional Information Dated December 10, 1999
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE STATEMENT OF ADDITIONAL INFORMATION AND SHOULD BE RETAINED AND READ IN
CONJUNCTION WITH SUCH STATEMENT OF ADDITIONAL INFORMATION.
The third paragraph of the Additional Purchase and Redemption Information
section (page 70) of the Statement of Additional Information is amended with the
addition of these two sentences:
"From time to time, shares may be offered as an award in promotions
sponsored by the Distributor or other parties. The promotions may be
limited to certain classes of shareholders such as the employees of the
Adviser or its affiliates."
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
ARM-A-007-01000(1/00)
