KENT FUNDS
497, 1996-08-05
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<PAGE>   1


                                 THE KENT FUNDS
                                 (THE "TRUST")

                        SUPPLEMENT DATED AUGUST 5, 1996
                      TO THE PROSPECTUS DATED MAY 1, 1996

         Effective August 5, 1996, BISYS Fund Services Limited Partnership
d/b/a BISYS Fund Services ("BISYS") assumed the duties as Administrator and
Distributor for the Trust from First Data Investor Services Group, Inc. ("First
Data") and 440 Distributors, Inc., respectively.  Also effective August 5,
1996, BISYS Fund Services, Inc. will assume the duties as Fund Accountant to
the Trust from First Data.

         Shareholders should continue to direct telephone calls and mail to the
phone numbers and address(es) referenced in their Trust's Prospectus.



                    INVESTORS SHOULD RETAIN THIS SUPPLEMENT
                    WITH THE PROSPECTUS FOR FUTURE REFERENCE
<PAGE>   2
                                 THE KENT FUNDS
                                 (THE "TRUST")

                       SUPPLEMENT DATED AUGUST 5, 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 ("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., respectively.  Also effective
August 5, 1996, BISYS Fund Services, Inc. will assume the duties as Fund
Accountant to the Trust from First Data.

         Shareholders should continue to direct telephone calls and mail to the
phone numbers and address(es) referenced in their Trust's Prospectus.

         In connection with the changes in service providers noted above,
several changes in the officers of the Trust were made effective August 2,
1996.  The resignations of the following individuals have been accepted by the
Board of Trustees of the Trust:

         Christopher S. Borden             Vice President
         W. Bruce McConnel, III            Secretary
         Patricia L. Bickimer              Assistant Secretary
         Julie A. Tedesco                  Assistant Secretary
         Therese K. Hogan                  Assistant Secretary
         Kevin Morrissey                   Treasurer

         In addition, Ronald F. VanSteeland resigned as President of the Trust
effective August 2, 1996, but remained as a Trustee.

         The individuals listed below were elected to the offices designated by
the Board of Trustees also effective August 2, 1996:

         WALTER B. GRIMM, Trustee, Chairman and President, 50; he is Senior
Vice President of Client Services for BISYS Fund Services and was formerly the
President of Leigh Investments.

         R. JEFFREY YOUNG, Vice President and Assistant Secretary, 31; he is
Manager of Client Services for BISYS Fund Services and was formerly employed by
The Heebink Group.

         ROBERT L. TUCH, Secretary, 44; he is Senior Counsel of the Legal
Services Department for BISYS Fund Services.
<PAGE>   3
         WILLIAM J. TOMKO, Treasurer, 36; he is Senior Vice President of Client
Services for BISYS Fund Services.

         GEORGE O. MARTINEZ, Assistant Secretary, 37; he is Senior Vice
President and Director of Legal and Compliance Services for BISYS Fund Services
and was formerly Vice President and Associate General Counsel with Alliance
Capital Management.

         W. BRUCE MCCONNEL, III,  Assistant Secretary, 56; he is a partner in
the law firm of Drinker Biddle & Reath.

         ALAINA V. METZ, Assistant Secretary, 28; she is Chief Administrator of
the Blue Sky Department for BISYS Fund Services and was formerly employed by
Alliance Capital Management.





                    INVESTORS SHOULD RETAIN THIS SUPPLEMENT
                  WITH THE STATEMENT OF ADDITIONAL INFORMATION
                              FOR FUTURE REFERENCE


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