The Hodges Fund
Supplement dated October 6, 1997
To Prospectus Dated August 1, 1997
The discussion in the Fund's prospectus under the caption "Check-A-Matic Plan,"
on page 12, 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 $50. The reduction in the monthly minimum amount that must be
invested may be revised or discontinued upon further notice to shareholders.
