NORTHSTAR FUNDS
Prospectus Supplement dated May 29, 1998
to Prospectus dated March 1, 1998
The following information replaces the information contained in the section of
the Northstar Government Securities Fund's prospectus entitled "Northstar
Government Securities Fund: Investment Strategy":
Effective herewith, the language on page 22 of the Prospectus has been changed
to read as follows: "The portfolio manager selects U.S. Government Securities of
various terms depending on interest rates and market opportunites."
___________________
The disclosure in the section entitled "WAYS TO REDUCE OR ELIMINATE SALES
CHARGES" is hereby amended to reflect that:
Effective May 29, 1998, the following waiver category has been added to the
waiver categories listed on page 31:
(bullet) asset allocation and other fee-based programs for the benefit
of clients
