<PAGE> 1
FOUNTAIN SQUARE FUNDS
INVESTMENT A SHARES
INVESTMENT C SHARES
Fountain Square Pinnacle Fund
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Supplement dated May 22, 1998
to Prospectus dated January 21, 1998,
as Restated February 27, 1998
Investors are informed that, effective July 13, 1998, the Fund will
begin offering a new class of shares known as Institutional Shares.
Institutional Shares will be offered only to: clients of Fifth Third Bank who
make purchases through the Trust Department; qualified employee benefit plans
under the Internal Revenue Code, subject to minimum requirements which may be
established by the distributor with respect to the number of employees or amount
of purchase; and broker-dealers, investment advisors, financial planners and
other financial institutions who place trades for their own accounts or the
accounts of their clients for a management, consulting or other fee.
Investors are also informed that, effective immediately, the maximum
Rule 12b-1 fee which may be charged to Investment A Shares of the Fund is
reduced from 0.35% of average net assets to 0.25% of average net assets.
Beginning on or about July 13, 1998, Investment A Shares of the Fund will begin
paying Rule 12b-1 fees equal to 0.25% of average net assets.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THEIR PROSPECTUS FOR FUTURE REFERENCE
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FOUNTAIN SQUARE FUNDS
INVESTMENT SHARES
TRUST SHARES
Fountain Square Commercial Paper Fund
Fountain Square Government Cash Reserves Fund
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Supplement dated May 22, 1998
to Prospectus dated September 30, 1997
Investors are informed that, effective immediately, Trust Shares
offered by the Funds are renamed Institutional Shares.
Investors are also informed that, effective immediately, the maximum
Rule 12b-1 fee which may be charged to Investment Shares of the Funds is reduced
from 0.35% of average net assets to 0.25% of average net assets. Beginning on or
about July 13, 1998, Investment Shares of each of the Funds will begin paying
Rule 12b-1 fees equal to 0.25% of average net assets.
Finally, for shareholders who obtain Investment Shares of the Fountain
Square Government Cash Reserves Fund as part of The Cardinal Group
reorganization, but who do not maintain a brokerage account with The Ohio
Company, special procedures for purchases and redemptions apply. These
shareholders may purchase or redeem shares by calling the Trust toll-free at
(800) 282-5706 or by mailing a request to the applicable Fountain Square Fund,
P.O. Box 5354, Cincinnati, Ohio 45201-5354. Shareholders should call the Trust
for assistance in purchasing or redeeming by mail.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THEIR PROSPECTUS FOR FUTURE REFERENCE
<PAGE> 3
FOUNTAIN SQUARE FUNDS
INVESTMENT A SHARES
INVESTMENT C SHARES
<TABLE>
<CAPTION>
<S> <C>
Fountain Square Quality Growth Fund Fountain Square Bond Fund For Income
Fountain Square Equity Income Fountain Square Quality Bond Fund
Fund Fountain Square Balanced Fund Fountain Square U.S. Government Securities Fund
Fountain Square Mid Cap Fund Fountain Square Municipal Bond Fund
Fountain Square International Equity Fund Fountain Square Ohio Tax Free Bond Fund
</TABLE>
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Supplement dated May 22, 1998
to Prospectus dated November 30, 1997
Investors are informed that, effective July 13, 1998, each of the Funds
will begin offering a new class of shares known as Institutional Shares.
Institutional Shares will be offered only to: clients of Fifth Third Bank who
make purchases through the Trust Department; qualified employee benefit plans
under the Internal Revenue Code, subject to minimum requirements which may be
established by the distributor with respect to the number of employees or amount
of purchase; and broker-dealers, investment advisors, financial planners and
other financial institutions who place trades for their own accounts or the
accounts of their clients for a management, consulting or other fee.
Investors are also informed that, effective immediately, the maximum
Rule 12b-1 fee which may be charged to Investment A Shares of the Funds is
reduced from 0.35% of average net assets to 0.25% of average net assets.
Beginning on or about July 13, 1998, Investment A Shares of each of the Funds
will begin paying Rule 12b-1 fees equal to 0.25% of average net assets.
Finally, for shareholders who obtain Investment A Shares of the Funds
as part of The Cardinal Group reorganization, but who do not maintain a
brokerage account with The Ohio Company, special procedures for purchases and
redemptions apply. These shareholders may purchase or redeem shares by calling
the Trust toll-free at (800) 282-5706 or by mailing a request to the applicable
Fountain Square Fund, P.O. Box 5354, Cincinnati, Ohio 45201-5354. Shareholders
should call the Trust for assistance in purchasing or redeeming by mail.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THEIR PROSPECTUS FOR FUTURE REFERENCE
