<PAGE> 1
THE KENT FUNDS
(the "Trust")
SUPPLEMENT DATED AUGUST 5, 1996 (AS REVISED OCTOBER 9, 1996)
TO THE PROSPECTUSES DATED MAY 1, 1996
Effective August 5, 1996, BISYS Fund Services Limited Partnership d/b/a
BISYS Fund Services, 3435 Stelzer Road, Columbus, Ohio 43219-3035 ("BISYS")
assumed the duties as Administrator and Distributor for the Trust from First
Data Investor Services Group, Inc. ("First Data") and 440 Financial
Distributors, Inc. ("440 Distributors"), respectively. Also effective August 5,
1996, BISYS Fund Services, Inc. assumed the duties as Fund Accountant for the
Trust from First Data. BISYS Fund Services, Inc. is also located at 3435 Stelzer
Road, Columbus, Ohio 43219-3035.
Effective October 7, 1996, BISYS Fund Services, Inc. assumed the duties as
Transfer Agent for the Trust from First Data.
The following information replaces the current information contained in the
Trust's Prospectuses.
- - Throughout the Prospectuses, the address of the Trust should read as
follows:
THE KENT FUNDS
P.O. BOX 182201
COLUMBUS, OHIO 43218-2201
- - THE TRUST'S TELEPHONE NUMBER WILL REMAIN THE SAME: 1-800-633-KENT(5368).
- - All references to 440 Distributors should be changed to BISYS.
- - All references to First Data as Administrator should be changed to BISYS.
- - All references to First Data as Transfer Agent and Fund Accounting Agent
should be changed to BISYS Fund Services, Inc.
Under the sections titled "How Can I Purchase Shares?" and "How Can I Redeem
Shares?"
- - The name and address for purchase, exchange and redemption requests
should be changed to;
The Kent Funds
P.O. Box 182201
Columbus, Ohio 43218-2201
- - Purchases of Investment and Institutional Shares may be made by federal
funds wire sent to Huntington Bank.
STOCK FUNDS PROSPECTUS ONLY:
As of August 19, 1996, David C. Eder replaced Andrew H. Fabiano as the
co-portfolio manager of the Small Company Growth Fund and the Growth and
Income Fund.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE
THIS SUPPLEMENT SUPERSEDES PREVIOUS SUPPLEMENTS
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THE KENT FUNDS
(the "Trust")
SUPPLEMENT DATED OCTOBER 9, 1996
TO THE STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 1996
Effective August 5, 1996, BISYS Fund Services Limited Partnership d/b/a
BISYS Fund Services, 3435 Stelzer Road, Columbus, Ohio 43219-3035 ("BISYS")
assumed the duties as Administrator and Distributor for the Trust from First
Data Investor Services Group, Inc. ("First Data") and 440 Financial
Distributors, Inc. ("440 Distributors"), respectively. Also effective August 5,
1996, BISYS Fund Services, Inc. assumed the duties as Fund Accountant for the
Trust from First Data. BISYS Fund Services, Inc. is also located at 3435
Stelzer Road, Columbus, Ohio 43219-3035.
Effective October 7, 1996, BISYS Fund Services, Inc. assumed the duties as
Transfer Agent for the Trust from First Data.
The following information replaces the current information contained in the
Trust's Statement of Additional Information ("SAI").
- - On page 1 of the SAI, the second sentence should read as follows:
"A copy of the prospectuses may be obtained by writing to The Kent Funds,
P.O. Box 182201, Columbus, Ohio 43218-2201 or by calling
1-800-633-KENT(5368)."
- - All references to 440 Distributors should be changed to BISYS, except for
references to historical payments made to 440 Distributors.
- - All references to First Data as Administrator should be changed to BISYS,
except for references to historical payments made to First Data.
- - All references to Fist Data as Transfer Agent and Fund Accounting Agent
should be changed to BISYS Fund Services, Inc.
- - THE TRUST'S TELEPHONE NUMBER WILL REMAIN THE SAME: 1-800-633-KENT(5368).
<PAGE> 3
Under the section titled "Administrator":
- - The first paragraph should be replaced by the following:
"BISYS Fund Services Limited Partnership d/b/a BISYS Fund Services, 3435
Stelzer Road, Columbus, Ohio 43219-3035 ("BISYS"), is the Administrator of
the Trust under an Administration Agreement (the "Administration
Agreement") dated August 5, 1996. BISYS provides management and
administrative services and, in general, supervises the operation of each
Fund (other than investment advisory operations). The initial term of the
Administration Agreement ends on July 31, 1998. Thereafter, the agreement
may be renewed for successive one-year periods."
- - The last sentence of the second paragraph should be deleted.
- - The third paragraph should be replaced by the following:
"As compensation for the services and facilities provided to the Funds
pursuant to the Administration Agreement, BISYS is entitled to receive an
annual fee, payable monthly as one-twelfth of the annual fee, based upon
the Trust's aggregate average daily net assets as follows: up to $5.0
billion - 18.5 basis points; between $5.0 and $7.5 billion - 16.5 basis
points; and over $7.5 billion - 13.5 basis points. All expenses (other than
those specifically referred to as being borne by BISYS in the
Administration Agreement) incurred by BISYS in connection with the
operation of the Trust are borne by the Funds. To the extent that BISYS
incurs any such expenses or provides certain additional services to the
Trust, the Funds promptly will reimburse BISYS therefore."
- - The following paragraph should be added after the third paragraph:
"BISYS Fund Services, Inc. also serves as the Trust's Fund Accountant
pursuant to a Fund Accounting Agreement. Under the Fund Accounting
Agreement, BISYS Fund Services, Inc. prices each Fund's shares, calculates
each Fund's net asset value, and maintains the general ledger accounting
records for each Fund. For these services, BISYS Fund Services, Inc. is
entitled to a fee computed daily at the annual rate of 1.5 basis points of
the Trust's average daily net assets. The initial term of the Fund
Accounting Agreement ends on July 31, 1998. Thereafter, the agreement may
be renewed for successive one-year periods."
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Under the section titled "Distributor";
- - The first paragraph should be replaced with the following:
"The Trust has entered into a Distribution Agreement dated August 5, 1996
with BISYS, 3435 Stelzer Road, Columbus, Ohio 43219-3035. Unless otherwise
terminated, the Distribution Agreement will continue in effect until August
5, 1997 and will continue from year to year thereafter, if approved at
least annually at a meeting called for that purpose by a majority of the
Trustees and a majority of the "non-interested" Trustees, as that term is
defined in the 1940 Act. Shares of the Funds are sold on a continuous basis
by BISYS as agent for the Trust, and BISYS has agreed to use its best
efforts to solicit orders for the sale of shares of the Funds."
Under the section titled "Transfer Agent":
- - The paragraph should be replaced in its entirety by the following;
"BISYS Fund Services, Inc. serves as the Trust's transfer agent and
dividend disbursing agent pursuant to a Transfer Agency Agreement. Under
the Transfer Agency Agreement, BISYS Fund Services, Inc. processes
purchases and redemptions of each Fund's shares and maintains each Fund's
shareholder transfer and accounting records, such as the history of
purchases, redemptions, dividend distributions, and similar transactions in
a shareholder's account."
Under the section titled "Financial Statements":
- - The last sentence of the paragraph should be replaced by the following:
"Copies of the Financial Statements may be obtained without charge by
contacting The Kent Funds at P.O. Box 182201, Columbus, Ohio 43218-2201 or
at 1-800-633-KENT(5368)."
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE STATEMENT OF ADDITIONAL INFORMATION
FOR FUTURE REFERENCE
