KENT FUNDS
Supplement dated December 30, 1999
To the
Statement of Additional Information
Dated May 1, 1999, as amended and restated December 17, 1999
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<S> <C>
The Kent Growth and Income Fund The Kent Short Term Bond Fund
The Kent Index Equity Fund The Kent Tax-Free Income Fund
The Kent Large Company Growth Fund The Kent Intermediate Tax-Free Fund
The Kent Small Company Growth Fund The Kent Michigan Municipal Bond Fund
The Kent International Growth Fund The Kent Money Market Fund
The Kent Income Fund The Kent Government Money Market Fund
The Kent Intermediate Bond Fund The Kent Michigan Municipal Money Market Fund
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On page 6 of the Statement of Additional Information, the following is added to
the paragraph beginning "OTHER INVESTMENT STRATEGIES" under the heading "Money
Market Fund":
"The Fund may also invest in taxable municipal obligations and
federally tax-exempt obligations. Federally tax-exempt obligations
consist of municipal bonds, notes and commercial paper issued by
states, territories or possessions of the United States, the District
of Columbia and their political subdivisions, agencies and
instrumentalities, the interest on which is, in the opinion of counsel
to the issuer of such obligations, exempt from federal income taxes."
On page 9 of the Statement of Additional Information, the following sentence
should be added after the second sentence under the heading "Variable and
Floating Rate Instruments":
"These instruments may include those that are issued by municipalities
or other public authorities."
On page 15 of the Statement of Additional Information, the parenthetical
language following the heading "Municipal Obligations" is hereby deleted in its
entirety and replaced with the following:
"The Municipal Funds and the Money Market Fund."
On page 15 of the Statement of Additional Information, under the heading
"Municipal Obligations" the following information is hereby added:
"The Money Market Fund may invest in Municipal Obligations as described
below."
