REPUBLIC FUNDS
497, 1996-09-20
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                           The Republic Funds

                        Republic Opportunity Fund

                  Supplement dated September 1, 1996
              to the Prospectus dated September 1, 1996



Until October 1, 1996, Signature Broker-Dealer Services, Inc.
serves as Administrator, Distributor and Sponsor for the Fund on
substantially the same terms as will BISYS Fund Services.

Until  October  1, 1996,  shareholders  should  direct  inquiries  to  Signature
Broker-Dealer Services, Inc., Six St. James Avenue, Boston,  Massachusetts 02110
or telephone (617) 423-0800.



               INVESTORS SHOULD RETAIN THIS SUPPLEMENT
              WITH THE PROSPECTUS FOR FUTURE REFERENCE


ROF - 9/96







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