THE REPUBLIC FUNDS
Republic U.S. Government Money Market Fund
Republic New York Tax-Free Money Market Fund
Republic New York Tax-Free Bond Fund
Supplement dated September 25, 1996
to the Prospectus dated May 22, 1996
Effective October 1, 1996, BISYS Fund Services will begin serving as
Administrator, Distributor and Sponsor for the Trust on substantially the same
terms as Signature Broker-Dealer Services Inc.
In addition, the Trust has changed the telephone number for shareholder services
to (888) 525-5757. Shareholders should continue to direct mail to the
address(es) referenced in their Fund's Prospectus.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS FOR
FUTURE REFERENCE
RET-9/96
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THE REPUBLIC FUNDS
Republic U.S. Government Money Market Fund
Republic New York Tax-Free Money Market Fund
Republic New York Tax-Free Bond Fund
Adviser Class
Supplement dated September 25, 1996
to the Prospectus dated May 22, 1996
Effective October 1, 1996, BISYS Fund Services will begin serving as
Administrator, Distributor and Sponsor for the Trust on substantially the same
terms as Signature Broker-Dealer Services Inc.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS FOR
FUTURE REFERENCE
ADV-9/96
<PAGE>
