THE WOODWARD FUNDS
SUPPLEMENT
dated June 26, 1996
to
STATEMENT OF ADDITIONAL INFORMATION
dated April 15, 1996
The Statement of Additional Information is revised to add the following under
the section entitled "Additional Information on Performance":
From time to time, references to the Funds may appear in
advertisements and sales literature for certain products or services
offered by the Trust's Adviser, its affiliates or others, through which
it is possible to invest in one or more of the Funds, such as the
Investment Architect wrap account, the Pathmaker variable annuity, and
First Choice and First Choice Select 401(k) products.
