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Rule 497(e)
File No. 33-15935
December 18, 1997
OVERNIGHT MAIL
U.S. Securities & Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: OLDE Custodian Fund
OLDE Premium Plus Money Market Series
File No. 33-15935
To Whom it Concerns:
Pursuant to Rule 497(e) of the Securities Act of 1933, the Statement of
Additional Information for the OLDE Premium Plus Money Market Series and
the prospectus for the OLDE Custodian Fund are being revised.
Please be advised that the only change made involves the expense
reimbursement agreement with the Adviser, which expires January 1, 1998. The
Adviser has agreed to continue the current reimbursement plan, which limits
expenses to no more than .25% of average net assets. The change will be
reflected on a sticker for the prospectus and on page 5 of the SAI.
If you require further information, please contact the undersigned at
(800) 453-3535.
Very truly yours,
OLDE CUSTODIAN FUND
/s/ Lisa S. Fildes
President
Enc.
cc: Patsy Mengista
SEC Analyst
Alabama, Alaska, Arkansas, Arizona, California, Colorado, Connecticut,
Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,
Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi,
Missouri, Montana, Nebraska, Nevada, New Jersey, New Hampshire, New Mexico,
New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania,
Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont,
Virginia, Washington, West Virginia, Wisconsin, Wyoming
