ACADEMY VALUE FUND,
A SERIES OF PROFESSIONALLY MANAGED PORTFOLIOS
SUPPLEMENT DATED JUNE 7, 1999
TO PROSPECTUS DATED NOVEMBER 30, 1998
Effective June 1, 1999, the Fund's Transfer Agent is:
ICA Fund Services Corp.
4455 East Camelback Road
Suite E261
Phoenix AZ 85018
The Transfer Agent's toll-free telephone number is 1-800-576-8229.
All correspondence, purchases by check and written redemption requests should be
mailed to the address noted above. Payments by wire transfer will continue to be
forwarded to the address noted in the Fund's Prospectus.
<PAGE>
TRENT EQUITY FUND,
A SERIES OF PROFESSIONALLY MANAGED PORTFOLIOS
SUPPLEMENT DATED JUNE 7, 1999
TO PROSPECTUS DATED NOVEMBER 30, 1998
Effective June 1, 1999, the Fund's Transfer Agent is:
ICA Fund Services Corp.
4455 East Camelback Road
Suite E261
Phoenix AZ 85018
The Transfer Agent's toll-free telephone number is 1-800-576-8229.
All correspondence, purchases by check and written redemption requests should be
mailed to the address noted above. Payments by wire transfer will continue to be
forwarded to the address noted in the Fund's Prospectus.
<PAGE>
MATRIX GROWTH FUND
MATRIX EMERGING GROWTH FUND,
SERIES OF PROFESSIONALLY MANAGED PORTFOLIOS
SUPPLEMENT DATED JUNE 7, 1999
TO PROSPECTUS DATED APRIL 30, 1999
Effective June 1, 1999, the Funds' Transfer Agent is:
ICA Fund Services Corp.
4455 East Camelback Road
Suite E261
Phoenix AZ 85018
The Transfer Agent's toll-free telephone number is 1-800-576-8229.
All correspondence, purchases by check and written redemption and exchange
requests should be mailed to the address noted above. Payments by wire transfer
will continue to be forwarded to the address noted in the Funds' Prospectus.
