SUPPLEMENT dated January 2, 1998
To the PROSPECTUS of
STANDISH FIXED INCOME FUND
STANDISH FIXED INCOME FUND II
STANDISH SHORT-TERM ASSET RESERVE FUND
STANDISH CONTROLLED MATURITY FUND
STANDISH SECURITIZED FUND
Dated May 1, 1997
- --------------------------------------------------------------------------------
Standish Short-Term Asset Reserve Fund
Standish Short-Term Asset Reserve Fund is no longer offered pursuant to
this prospectus. Standish Short-Term Asset Reserve Fund is now offered pursuant
to a separate prospectus which is available upon request from Standish Fund
Distributors, L.P. by calling (800) 729-0066. Please read the Standish
Short-Term Asset Reserve Fund's prospectus carefully before investing.
