The Hodges Fund
Supplement Dated August 31, 1998
To Prospectus Dated August 1, 1998
Discussion in the Fund's prospectus is supplemented with the following
information:
o On page 12, under the caption "Check-A-Matic Plan," please note:
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. This amount may be
revised or discontinued upon further notice to shareholders.
o On page 15, under the caption "Shareholder Inquiries," please
note:
Shareholder inquiries should be directed to the Fund at
(800)282-2340.
