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FOUNTAIN SQUARE FUNDS
INTERNATIONAL EQUITY FUND
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Supplement dated May 1, 1998
to Prospectus dated November 30, 1997
Investors are informed that, effective May 1, 1998, the sub-advisory
fees paid by Fifth Third Bank to Morgan Stanley Asset Management, Inc. have been
reduced to 0.45% of the International Equity Fund's average daily net assets.
Total advisory fees payable by the Fund to Fifth Third Bank remain unchanged at
1.00% of the Fund's average daily net assets.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THEIR PROSPECTUS FOR FUTURE REFERENCE
