SUPPLEMENT Dated March 4, 1996
TO THE PROSPECTUS OF
STANDISH SHORT-TERM ASSET RESERVE FUND
Dated May 1, 1995
As Revised August 1, 1995
Effective March 31, 1996, the following revises and replaces the information
contained in the fourth paragraph under the caption "Management" on page 11 of
the attached Prospectus:
The Fund's portfolio manager is Jennifer A. Pline who is primarily
responsible for the day-to-day management of the Fund's portfolio and has
served as a portfolio manager to the Fund since January 1, 1991. During the
past five years, Ms. Pline has served as a Vice President of the Adviser.
