FENIMORE ASSET MANAGEMENT TRUST
FAM EQUITY-INCOME FUND
Supplement dated November 27, 1996 to the
Prospectus dated April 1, 1996
1. The following information supplements certain information
set forth on Page 10 of the attached Prospectus:
The Board of Trustees of FAM Equity-Income Fund (the "Fund")
has approved an amendment to the Fund's signature guarantee
requirements. Accordingly, the minimum size of a redemption
request requiring a signature guarantee has been increased
from $10,000 to $25,000.
2. The following information supplements certain information
set forth on Page 6 of the attached Prospectus:
The Board of Trustees of the Fund has approved a reduction
in the amount of the initial minimum investment in the Fund
for Individual Retirement Accounts from $10,000 to $2,000.
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FENIMORE ASSET MANAGEMENT TRUST
FAM EQUITY-INCOME FUND
Supplement dated November 27, 1996 to the
Statement of Additional Information dated April 1, 1996
The following information supplements certain information set
forth on Page 7 of the attached Statement of Additional
Information:
1. The Board of Trustees of Fenimore Asset Management Trust
recently elected Dr. Joseph J. Bulmer as a Trustee. Dr.
Bulmer retired on June 30, 1996 as President of Hudson
Valley Community College, Troy, New York. Dr. Bulmer, who
is 66 years old and resides in Saratoga Springs, New York,
had been affiliated with the College for approximately 17
years.
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FENIMORE ASSET MANAGEMENT TRUST
FAM VALUE FUND
Supplement dated November 27, 1996 to the
Prospectus dated May 1, 1996
The following information supplements certain information set
forth on Page 12 of the attached Prospectus:
1. The Board of Trustees of FAM Value Fund (the "Fund") has
approved an amendment to the Fund's signature guarantee
requirements. Accordingly, the minimum size of a redemption
request requiring a signature guarantee has been increased
from $10,000 to $25,000.
<PAGE>
FENIMORE ASSET MANAGEMENT TRUST
FAM VALUE FUND
Supplement dated November 27, 1996 to the
Statement of Additional Information dated May 1, 1996
The following information supplements certain information set
forth on Page 7 of the attached Statement of Additional
Information:
1. The Board of Trustees of Fenimore Asset Management Trust
recently elected Dr. Joseph J. Bulmer as a Trustee. Dr.
Bulmer retired on September 30, 1996 as President of Hudson
Valley Community College, Troy, New York. Dr. Bulmer, who
is 66 years old and resides in Saratoga Springs, New York,
had been affiliated with the College for approximately 17
years.
