RCB GROWTH AND INCOME FUND
RCB SMALL CAP FUND
SERIES OF PROFESSIONALLY MANAGED PORTFOLIOS
SUPPLEMENT DATED JANUARY 11, 2000
TO PROSPECTUS DATED OCTOBER 18, 1999
The disclosure under the caption "Purchases at Net Asset Value" on page 9 of the
Prospectus is supplemented with the following information:
Shares of the Funds also may be purchased at net asset value by paid subscribers
to electronic or other financial media services which have an association with
the Advisor, its principals and officers. Investors who qualify for such
purchases should clearly identify the services to which they subscribe and their
subscriber number in the "Reduced Sales Charge" section of the Funds' Account
Application. Existing shareholders of the Funds who qualify for this privilege
should call the Transfer Agent at (800) 282-2340 for instructions on how to make
subsequent purchases of Fund shares at net asset value.
