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KENT FUNDS
Supplement dated June 10, 1999
To the
Statement of Additional Information
Dated May 1, 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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During the regular quarterly meeting of the Board of Trustees on June 3,
1999, the Trustees elected E. Philip Farley to the Board. Accordingly, the
section entitled "TRUSTEES AND OFFICERS" is amended by adding the following
provisions.
The following shall be added to the list of Trustees and officers on page
31:
. E. Philip Farley, Trustee, 59; retired; formerly Executive Vice
President of Old Kent Financial Corporation - Manager of Community Banks
from 1998 to retirement; prior to that Executive Vice President of the
Investment Management and Trust Department of Old Kent Bank.
The table on page 32 is hereby deleted and replaced with the following:
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Total Compensation
from the Trust and
Name of Person Aggregate Compensation Fund Complex Paid
and Position from the Trust to Trustees
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<S> <C> <C>
Joseph F. Damore, Trustee $15,000* $15,000
E. Philip Farley, Trustee $ 0 $ 0
Walter B. Grimm, Trustee $ 0 $ 0
James F. Rainey, Trustee $15,000* $15,000
Ronald F. VanSteeland, Trustee $15,000 $15,000
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* During the fiscal year ended December 31, 1998, Mr. Damore deferred $15,000
of his compensation and Mr. Rainey deferred $7,500 of his compensation
pursuant to the Deferred Compensation Plan.
