THE REPUBLIC FUNDS
Supplement dated September 26, 1997
to Prospectus dated March 1, 1997
Effective January 1, 1998, Investor Class shares of the Equity Fund and shares
of the Overseas Equity Fund, Opportunity Fund and Bond Fund will be subject to a
new sales charge. The public offering price of shares for these Funds will be
equal to net asset value plus the applicable sales charge. The maximum sales
charge will be 3.5% for Investor Class shares of the Equity Fund and shares of
the Overseas Equity Fund and Opportunity Fund and 2.75% for shares of the Bond
Fund. The maximum sales charge will be lower for those shareholders with a
pre-existing relationship with Republic. However, shareholders of these Funds
who are shareholders as of December 31, 1997 will be grandfathered with respect
to each Fund that they are a shareholder of and will be exempt from paying sales
charges on future purchases of those Fund shares. Additionally, a new class of
shares of the Funds, Class B Shares, will be created which will be subject to a
back-end sales charge. These changes will be more fully disclosed when they
become effective in the Funds' prospectus dated January 1, 1998.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS FOR FUTURE REFERENCE
