The Hodges Fund
Supplement Dated August 12, 1998
To Prospectus Dated August 1, 1998
Discussion in the Fund's prospectus is supplemented with the following
information:
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.
On page 15, under the caption "Shareholder Inquiries," please note:
Shareholder inquiries should be directed to the Fund at (800) 282-2340.
