COMPOSITE BOND & STOCK FUND
COMPOSITE GROWTH & INCOME FUND
COMPOSITE NORTHWEST FUND
REVISION DATED JUNE 18, 1997, TO THE STATEMENT OF ADDITIONAL INFORMATION DATED
FEBRUARY 28, 1997
The following paragraph is added in the section titled "General Information":
Portfolio Manager Commentary
In communications with the public, portfolio managers may discuss the economic
outlook for each Fund, which might include a discussion of specific securities
in which the Fund may invest, and/or specific characteristics of each investment
portfolio.
