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THE PNC(R) FUND
THE FIXED INCOME PORTFOLIOS
SUPPLEMENT TO SERVICE, INSTITUTIONAL AND INVESTOR CLASS PROSPECTUSES DATED
JANUARY 30, 1995
The section entitled "Introduction -- Portfolio Management" has been amended to
read as follows:
PNC Institutional Management Corporation ("PIMC") serves as the Fund's
investment adviser. BlackRock Financial Management, Inc. ("BlackRock")
serves as sub-adviser to the Managed Income, Tax-Free Income, Intermediate
Government, Intermediate-Term Bond, Short-Term Bond, Government Income,
Pennsylvania Tax-Free Income and Ohio Tax-Free Income Portfolios; and
Provident Capital Management, Inc. ("PCM") serves as sub-adviser to the
International Fixed Income Portfolio. The investment adviser and
sub-advisers are indirect wholly-owned subsidiaries of PNC Bank Corp.
The section entitled "Management -- Adviser and Sub-Advisers" has been amended
as follows:
The first sentence of the first paragraph has been amended to read as follows:
PIMC was organized in 1977 by PNC Bank, National Association ("PNC Bank") to
provide advisory services for investment companies.
The third paragraph has been deleted.
The fourth paragraph has been amended to read as follows:
Kevin Klingert has been the person primarily responsible for the
management of the Pennsylvania Tax-Free Income and Ohio Tax-Free Income
Portfolios since March 1995 and has managed the Tax-Free Income Portfolio
since July 1995. Mr. Klingert has been with BlackRock since 1991. Mr.
Klingert was formerly an Assistant Vice President at Merrill, Lynch, Pierce,
Fenner & Smith.
The date of this Supplement is August 22, 1995.
PNC-P-002S
