March 19, 1999
LEXINGTON CONVERTIBLE SECURITIES FUND
SUPPLEMENT TO
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 1998
On March 2, 1999, the Board of Trustees of the Fund approved a proposal
that would permit the Fund's portfolio manager and sub-adviser, Ariston
Capital Management Corporation to assume full management responsibility
for the Fund's operations. This would be achieved by reorganizing the
Fund into Ariston Convertible Securities Fund, a newly-created series of
AmeriPrime Funds.
If this proposal is approved by shareholders, the Fund will transfer all
of its assets through a tax-free reorganization into Ariston Convertible
Securities Fund. A special meeting of shareholders is scheduled for
April 26, 1999 to consider this proposal. Shareholders of record as of
March 19, 1999 are eligible to vote at the meeting.
