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COMPASS CAPITAL FUNDS /SM/
THE BOND PORTFOLIOS/INSTITUTIONAL CLASS
THE EQUITY PORTFOLIOS/INSTITUTIONAL CLASS
SUPPLEMENT TO PROSPECTUSES DATED
JANUARY 1, 1997
The following paragraph has been added after the last paragraph in the section
entitled "How Are Shares Purchased And Redeemed?":
Shares of the Portfolios may be purchased by customers of broker-dealers
and agents which have established a servicing relationship with the Fund
on behalf of their customers. These broker-dealers and agents may impose
additional or different conditions on the purchase or redemption of
Portfolio shares by their customers and may charge their customers
transaction, account or other fees on the purchase and redemption of
Portfolio shares. Each broker-dealer or agent is responsible for
transmitting to its customers a schedule of any such fees and
information regarding any additional or different conditions regarding
purchases and redemptions. Shareholders who are customers of such
broker-dealers or agents should consult them for information regarding
these fees and conditions.
This Supplement is dated January 21, 1997.
