Supplement Dated February 3, l997 to Prospectus of Gradison
Government Income Fund Dated May 1, l996
1- The name of the Fund has been changed to the Gradison
Government Income Fund.
2- The following sentence is added to the end of the second
paragraph of the "Purchases and Redemptions" section on page
six of the Prospectus:
The Fund sells shares without a sales charge to
accounts of financial institutions or broker-dealers
that charge account management fees, provided the
Distributor has entered into an agreement with respect
to such accounts.
