REPUBLIC FUNDS TRUST
Class A Shares, Class B Shares, Class C Shares, and Class Y Shares
SUPPLEMENT DATED November 23, 1999
to Prospectuses dated March 1, 1999
and Supplemented April 19, 1999
Republic Equity Fund
Republic New York Tax-Free Bond Fund
Under "Fund Administrator" on page 22 of the Statement of Additional
Information, the first paragraph, second sentence should read as follows:
"For these services and facilities, BISYS receives from the Fund fees
payable monthly at an annual rate equal to 0.10% of the first $1 billion of
the Fund's average daily net assets, 0.08% of the next $1 billion of such
assets, and 0.07% of such assets in excess of $2 billion."
