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RIVERSIDE CAPITAL MONEY MARKET FUND
RIVERSIDE CAPITAL VALUE EQUITY FUND
RIVERSIDE CAPITAL FIXED INCOME FUND
RIVERSIDE CAPITAL TENNESSEE MUNICIPAL OBLIGATIONS FUND
RIVERSIDE CAPITAL LOW DURATION GOVERNMENT SECURITIES FUND
RIVERSIDE CAPITAL GROWTH FUND
SUPPLEMENT DATED DECEMBER 24, 1997
TO PROSPECTUS DATED OCTOBER 31, 1997
Capitalized terms used in this Supplement have the meaning assigned to them
in the Prospectus.
The Special Meeting of Shareholders of the Money Market, Value, Fixed
Income and Growth Funds to consider a proposed new investment advisory agreement
and certain proposed sub-investment advisory agreements which was scheduled to
be held in December, 1997, has been cancelled. The Board of Trustees of the
Group will be considering different options with respect to the management of
each of the Funds.
Effective November 14, 1997, the Government Securities Fund was liquidated.
The first sentence of the third footnote on page 7 of the Prospectus is
corrected to read as follows: "The Adviser has agreed with the Group to reduce
voluntarily the amount of its investment advisory fee with respect to the
Tennessee Fund, the Government Securities Fund and the Growth Fund until at
least December 31, 1997."
This Supplement supersedes and replaces the Supplement dated as of October
31, 1997, in its entirety.
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INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE
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