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EMERALD FUNDS
Equity Fund, Equity Value Fund, International
Equity Fund, Small Capitalization Fund, Balanced Fund,
Short-Term Fixed Income Fund, Managed Bond Fund,
U.S. Government Securities Fund, Florida Tax-Exempt Fund,
Prime Fund, Treasury Fund and Tax-Exempt Fund
SUPPLEMENT DATED FEBRUARY 2, 1996
TO PROSPECTUS DATED APRIL 1, 1995
The front-end sales charge on Class A Shares and the contingent deferred sales
charge on Class B Shares are eliminated for all share purchases and redemptions
made on or after February 5, 1996.
Beginning February 5, 1996, additional Class B Shares may only be purchased by
existing Class B shareholders through the E-Z Matic Investment Program or the
Period Investment Plan.
It is contemplated that in March 1996 all Class B Shares that are then
outstanding will be automatically converted, without a sales charge, into Class
A Shares.
