Avondale Total Return Fund
Supplement Dated March 19, 1997
To Prospectus Dated August 1, 1996
The discussion in the Fund's prospectus under the caption "Check-A-Matic Plan,"
on page 9, is supplemented with the following information:
Effective immediately, the minimum monthly amount for new investors who agree to
open an automatic investment plan whereby a check is automatically drawn on the
investor's personal checking account each month for a predetermined amount has
been reduced to $25. The reduction in monthly minimum that must be invested may
be revised or discontinued upon further notice to shareholders.
