PROFESSIONALLY MANAGED PORTFOLIOS
497, 1998-02-12
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                       Pacific Gemini Partners Fund Group

                        Supplement Dated February 9, 1998
                      To Prospectus dated February 9, 1998

The PGP Asia Growth Fund is not available for investment at this time.

The Transfer  Agent's  telephone  number under the caption "How To Invest In The
Funds"  by wire on page 12 and "How To  Redeem An  Investment  In The  Funds" by
telephone  redemption on page 14 is replaced  with the  following  phone number:
(800) 841-0980.


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