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HERITAGE INCOME TRUST
HIGH YIELD BOND FUND
INTERMEDIATE GOVERNMENT FUND
Supplement dated March 22, 1996 to the
Statement of Additional Information dated February 1, 1996
The following section is added immediately prior to the
"Investment Adviser and Administrator; Subadvisers" section on page 36:
Five Percent Shareholders
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As of January 31, 1996, the following shareholders owned five
percent or more of the outstanding C shares of the High Yield Income Fund
or the Intermediate Goverment Fund:
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<CAPTION>
High Yield Bond Fund - C shares
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<S> <C> <C> <C>
Philip J. Curtis DDS LIV TR...... 5.16% Raymond James & Associates Inc.... 10.86%
10118 E. Atherton Road Custodian - Thomas W. Farrow
Davison, MI 48423 P.O. Box 12749
St. Petersburg, FL 33733
Raymond James & Associates Inc... 7.17% Raymond James & Associates Inc.... 17.12%
Custodian - Jerry Harris FAO Harry W. Roper and
P.O. Box 12749 Rose P. Roper
St. Petersburg, FL 33733 174 S. Collier Blvd., Apt. 1102
Marco Island, FL 33937
</TABLE>
<TABLE>
<CAPTION>
Intermediate Government Fund - C shares
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<S> <C> <C> <C>
Mary Ellen Dougherty................ 8.45% Elsa G. Nadler........................ 22.58%
5415 Connecticut NW Ave., Apt. L6 109 Oakview Drive
Washington, D.C. 20015 Morgantown, WV 26505
Thomas N. Stevens................... 10.04% Edward W. Rhodes, Jr.................. 24.21%
and Barbara C. Stevens and Ruth M. Rhodes
6162 Clark Road 4535 S. Atlantic Ave., Apt. 2501
Harrison, TN 37341 Ponce Inlet, FL 32127
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Jo Glyn Hunt........................ 16.37%
and George L. Hunt, Jr.
804 Hickery Street
Vicksburg, MS 39180
</TABLE>
The following paragraph replaces the text under "Independent
Accountants" on page 43:
Price Waterhouse LLP, 1177 Avenue of the Americas, New York, New
York 10036, are the independent public accountants for the Trust. The
Financial Statements and Financial Highlights of the Funds that appear in
this SAI have been audited by Coopers & Lybrand L.L.P., the Trust's former
accountants, and are included herein in reliance upon the report of said
firm of accountants, which is given upon their authority as experts in
accounting and auditing.
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