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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 FEBRUARY 20, 1998
TO PROSPECTUS DATED OCTOBER 31, 1997
Capitalized terms used in this Supplement have the meaning assigned to them
in the Prospectus.
Effective November 14, 1997, the Government Securities Fund was liquidated.
On Friday, February 20, 1998, the Board of Trustees of the Group approved a
Plan of Dissolution, Liquidation and Termination (the "Plan") pursuant to which
each of the other Funds will be wound down and liquidated subject to shareholder
approval. The Board has called a Special Meeting of Shareholders to be held on
or about March 31, 1998, to consider and vote upon the Plan. If the Plan is
approved at that meeting, it is anticipated that such Funds will be terminated
and liquidated on or about April 3, 1998.
Effective February 20, 1998, the Group will no longer accept any purchases,
other than dividend reinvestments, in any of the Funds.
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 December
24, 1997, in its entirety.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE
