FINANCIAL HORIZONS INVESTMENT TRUST
497, 1996-01-12
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<PAGE>   1
                       SUPPLEMENT DATED JANUARY 2, 1996
                    PROSPECTUS DATED FEBRUARY 28, 1995 FOR
                                      
                     FINANCIAL HORIZONS INVESTMENT TRUST


This supplement updates certain information in your prospectus.  Please read it
and keep it with your prospectus for future reference.

      Laura Klebe, Senior Investment Analyst, is now the portfolio manager for
      the Financial Horizons Investment Trust Growth Fund.  Laura received a
      Bachelor of Science degree and a Masters of Business Administration
      degree from Case Western Reserve University.  Laura joined the Nationwide
      Insurance Enterprise in June of 1994.  Before joining the Enterprise,
      Laura was employed at Dow Chemical for two and one half years as an Equity
      Securities Analyst.  She replaces John Schaffner who formerly managed the
      Growth Fund.  This information replaces the information on John, which is
      found in the prospectus under the section entitled Management of the
      Trust, on page 9, paragraph four.
        
        


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