<PAGE> 1
THE KENT FUNDS
SUPPLEMENT DATED MARCH 10, 1998
TO THE PROSPECTUS DATED MAY 1, 1997
Effective as of March 2, 1998, Lyon Street Asset Management Company, a
newly-organized, wholly-owned subsidiary of Old Kent Bank, which, in turn, is an
indirect wholly-owned subsidiary of Old Kent Financial Corporation, assumed the
investment advisory responsibilities of Old Kent Bank for each of the Funds on
the terms and conditions stated in the Prospectus. This change did not involve a
change in control or management of the investment adviser or a change in the
Funds' portfolio managers. Lyon Street Asset Management Company maintains
offices at 111 Lyon Street, Grand Rapids, Michigan 49503.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH
THE PROSPECTUS FOR FUTURE REFERENCE.
<PAGE> 2
THE KENT FUNDS
SUPPLEMENT DATED MARCH 10, 1998
TO THE STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 1997
Effective as of March 2, 1998, Lyon Street Asset Management Company, a
newly-organized, wholly-owned subsidiary of Old Kent Bank, which, in turn, is an
indirect wholly-owned subsidiary of Old Kent Financial Corporation, assumed the
investment advisory responsibilities of Old Kent Bank for each of the Funds on
the terms and conditions stated in the Prospectus. This change did not involve a
change in control or management of the investment adviser or a change in the
Funds' portfolio managers. Lyon Street Asset Management Company maintains
offices at 111 Lyon Street, Grand Rapids, Michigan 49503.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH
THE STATEMENT OF ADDITIONAL INFORMATION FOR
FUTURE REFERENCE.
