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THE PARKSTONE GROUP OF FUNDS
INVESTOR B SHARES
Supplement Dated June 10, 1999 to
Prospectus dated September 18, 1998
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS AND SHOULD BE RETAINED AND READ IN CONJUNCTION WITH THE
PROSPECTUS.
The following sections of the Prospectus pertaining to the Exchange Privilege
are amended as follows:
- - The "Prospectus Summary - Purchase and Redemption of Shares" section, page 5,
is amended by deletion of the second sentence of the second paragraph and
addition of the following:
"Investor B Shares of one Fund of the Group may be exchanged for Investor B
Shares of another Fund of the Group or A Shares of a fund of Armada Funds
("Armada") at net asset value. Shareholders redeeming B Shares for B Shares
may do so without the imposition of a sales load. Shareholders who redeem
their B Shares for A Shares of a fund of Armada are not eligible for a waiver
of the contingent deferred sales charge."
- - The "Exchange Privilege" section of the Prospectus on p. 60 is amended to
delete the second paragraph of the section and the last sentence of the first
paragraph to add the following information:
"Holders of Investor B Shares of one Fund of the Group may exchange their
Investor B Shares for A Shares of a Fund of Armada at net asset value.
Contingent deferred sales charges are not waived when redeeming B Shares of
the Parkstone Funds. These exchanges will be executed only if they meet the
applicable minimum investment requirements, comply with the conditions
described above and the exchanges are made in states where they are legally
authorized."
The following sentence is inserted as item (iv) to the sixth paragraph of the
"Contingent Deferred Sales Charge" section on page 59 stating that "The
contingent deferred sale charge is waived on redemptions of Investor B Shares:
(iv) by participants in a qualified plan for retirement loans,
financial hardship, termination of employment, return of excess
contributions, and certain participant expenses."
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
PAR-B-PS2P91898
