PROSPECTUS SUPPLEMENT
APRIL 1, 2000
THE FOLLOWING INFORMATION SUPPLEMENTS THE PROSPECTUS FOR THE CORNERCAP GROUP OF
FUNDS (THE "FUND") DATED JULY 30, 1999. THE CURRENT PROSPECTUS, TOGETHER WITH
THIS PROSPECTUS SUPPLEMENT, CONSTITUTES THE FUND'S CURRENT PROSPECTUS. TO
REQUEST A COPY OF THE PROSPECTUS, PLEASE CALL (404) 870-0700.
Effective April 1, 2000, the name of the CornerCap Growth Fund
portfolio is changed to the CornerCap Small Cap Value Fund. Accordingly, all
references to the CornerCap Growth Fund in the Fund's Prospectus are hereby
changed to refer to the CornerCap Small Cap Value Fund.
Effective April 1, 2000, Mr. Richard Bean, Vice President of the Fund
and a portfolio manager/investment analyst with the Fund's investment adviser,
CornerCap Investment Counsel, Inc. (the "Advisor"), has assumed a new role with
the Fund as co-manager of the CornerCap Small Cap Value Fund. Mr. Bean has been
with the Fund and the Advisor since 1996, and his duties have included portfolio
management and investment research focused on small capitalization companies
(generally, companies with market capitalizations under $1 billion). Mr. Bean
will serve as co-portfolio manager of the Fund with Mr. Thomas Quinn, who has
managed the Fund since its inception.
Accordingly, the description under "Portfolio Management" on page 10 of
the Fund's Prospectus is hereby modified by adding the foregoing paragraph.
