<PAGE> 1
THE PARKSTONE GROUP OF FUNDS
(THE "TRUST")
Supplement dated November 24, 1999 to
the Prospectus dated September 17, 1999
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS AND SHOULD BE RETAINED AND READ IN CONJUNCTION WITH THE
PROSPECTUS.
On November 17, 1999, the Board of Trustees of the Trust approved an Agreement
and Plan of Reorganization between the Trust and Armada Funds. The Agreement and
Plan of Reorganization, which provides for the reorganization of each Fund of
the Trust into a corresponding investment portfolio offered by Armada Funds, is
subject to approval by the shareholders of each Fund of the Trust at a special
meeting scheduled to be held during the second quarter of 2000. If the Agreement
and Plan of Reorganization is approved by shareholders, and certain other
conditions are satisfied, each of the Funds described in this Prospectus will be
reorganized into a corresponding investment portfolio offered by Armada Funds as
described below, and shareholders of the Funds will become shareholders of
Armada Funds.
The Agreement and Plan of Reorganization provides that initially each of the
following eleven Funds of the Trust (collectively, the "Reorganizing Funds")
will transfer substantially all its assets and liabilities to the existing
Armada investment portfolio (collectively, the "Existing Armada Funds")
identified below opposite its name:
<TABLE>
<CAPTION>
REORGANIZING FUNDS EXISTING ARMADA FUNDS
------------------ ---------------------
<S> <C>
Prime Obligations Fund Money Market Fund
U.S. Government Obligations Fund Government Money Market Fund
Tax-Free Fund Tax Exempt Money Market Fund
Bond Fund Bond Fund
Limited Maturity Bond Fund Limited Maturity Bond Fund
Intermediate Government Obligations Fund Intermediate Bond Fund
Equity Income Fund Equity Income Fund
Small Capitalization Fund Small Cap Growth Fund
International Discovery Fund International Equity Fund
Balanced Allocation Fund Balanced Allocation Fund
National Tax Exempt Bond Fund National Tax Exempt Bond Fund
</TABLE>
The Agreement and Plan of Reorganization also provides that subsequently each of
the following five Funds of the Trust (collectively, the "Continuing Funds")
will transfer all its assets and liabilities to the newly-organized Armada
investment portfolio (collectively, the "New Armada Funds") identified below
opposite its name:
<TABLE>
<CAPTION>
CONTINUING FUNDS NEW ARMADA FUNDS
---------------- ----------------
<S> <C>
Large Capitalization Fund Large Cap Ultra Fund
U.S. Government Income Fund U.S. Government Income Fund
Mid Capitalization Fund Mid Cap Growth Fund
Michigan Municipal Bond Fund Michigan Municipal Bond Fund
Treasury Fund Treasury Plus Money Market Fund
</TABLE>
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
PAR-B-8&9-01000(11/99)
