Berwyn Income Fund
Supplement
Dated January 23, 1997
to the Prospectus
Dated April 24, 1996
On January 21, 1997, the Board of Directors
decided to reopen the Fund. Any investor who
wishes may now purchase shares in the fund by
following the procedures listed in the Prospectus.
Berwyn Income Fund
Supplement
Dated January 23, 1997
to the Statement of Additional
Information
Dated April 24, 1996
On January 21, 1997, the Board of Directors
decided to reopen the Fund. Any investor who
wishes may now purchase shares in the fund by
following the procedures listed in the Prospectus.