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ARMADA FUNDS
(THE "TRUST")
SUPPLEMENT DATED OCTOBER 2, 2000 TO THE
STATEMENT OF ADDITIONAL INFORMATION
DATED OCTOBER 2, 2000
A,B,I AND C SHARES OF THE
INTERNATIONAL EQUITY FUND (THE "FUND")
Page 5 of the Statement of Additional Information under the headings "Investment
Objectives and Policies - Additional Information about the Funds" has been
revised as follows:
ARMADA INTERNATIONAL EQUITY FUND
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The Fund seeks to achieve its investment objective by investing, under
normal market conditions, as least 80% of its net assets in equity securities
of foreign issuers.
