Fountain Square Equity and Income Mutual Funds
Fountain Square U.S. Government Securities Fund
Fountain Square Quality Bond Fund
Fountain Square Quality Growth Fund
Fountain Square Mid Cap Fund
Fountain Square Balanced Fund
Fountain Square Ohio Tax Free Bond Fund
(Portfolios of Fountain Square Funds)
Supplement to Prospectus dated September 30, 1994
All shareholders who have a Club 53 Account, One Account Plus, or One
Account Gold through Fifth Third Bank are eligible for a reduced sales
charge on the purchase of Shares of the Funds. Effective March 10, 1995,
for each Share purchase made by the above-mentioned shareholders, the
applicable sales charge will be reduced by 0.53%.
To reflect this change, please delete the sales charge table under the
section entitled "Fifth Third Bank Club 53, One Account Plus or One Account
Gold Programs" on page 25 and replace it with the following:
Sales Charge as a Sales Charge as a
Percentage of PublicPercentage of Net
Amount of Transaction Offering Price Amount Invested
Less than $50,000 3.97% 4.13%
$50,000-$99,999 3.47% 3.59%
$100,000-$149,999 2.47% 2.53%
$150,000-$249,999 1.47% 1.49%
$250,000-$499,999 0.47% 0.47%
$500,000 or more 0.00% 0.00%
March 10, 1995
FIFTH THIRD BANK
Investment Adviser
Federated Securities Corp. is the distributor of the Funds
350756888 350756706
350756870 350756805
350756607 350756862
G01062-01 (3/95)
