VISION U.S. GOVERNMENT SECURITIES FUND
VISION NEW YORK TAX-FREE FUND
(PORTFOLIOS OF VISION GROUP OF FUNDS, INC.)
Supplement to the Prospectuses dated June 30, 1994
Under the section "Adviser's Background" on page 13, delete the
third and fourth paragraphs, and replace with the following:
Mr. Robert J. Truesdell became the Fund's portfolio
manager in August 1994. Mr. Truesdell also has been
involved in the oversight of the Fund's management and
has supervised the Fund's investment decisions since
the Fund's inception. Mr. Truesdell oversees
investment activities of M&T Bank's money market funds
in the Vision Group of Funds, Inc. and the Vision
Fiduciary Funds, Inc. Mr. Truesdell joined M&T Bank as
Vice President and Fixed Income Manager in 1988. In
addition to the Vision money market funds, he also
manages individual investment management accounts. Mr.
Truesdell holds an M.B.A. in accounting from S.U.N.Y.
at Buffalo.
September 2, 1994
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated
Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
92830F406
92830F505
G00162-02 (8/94)
SRI#: MTC40815
