<PAGE>
Filed pursuant to Rule 497(e)
Registration Number : 33-25716:811-5697
THE CHAPMAN US TREASURY MONEY FUND
THE CHAPMAN INSTITUTIONAL CASH MANAGEMENT FUND
Supplement dated March 3, 1998
to the Prospectus dated March 2, 1998
The sixth paragraph on the first page of the Prospectus is
revised by deleting the second and third sentence and adding
the following:
It is a wholly-owned subsidiary of Chapman Capital Holdings,
Inc. Shares are distributed by The Chapman Co., the only
minority controlled full service securities firm
headquartered in Maryland (the "Distributor"). The
Distributor is a wholly-owned subsidiary of Chapman
Holdings, Inc.
<PAGE>
