CONESTOGA FAMILY OF FUNDS
497, 1996-01-02
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                           CONESTOGA FAMILY OF FUNDS

                        Supplement dated January 2, 1996
                     to Prospectus dated February 21, 1995

                              Institutional Shares
                                 Retail Shares

PROPOSED REORGANIZATION

          As a result of the proposed merger of Meridian Bancorp, Inc. (the
parent of the Company's investment advisor) and CoreStates Financial Corp, the
Board of Trustees of the Company has approved an Agreement and Plan of
Reorganization (the "Agreement") between the Company and CoreFunds, Inc.
("CoreFunds").  The investment advisor of CoreFunds is a subsidiary of
CoreStates Financial Corp.  Subject to required approvals by the shareholders of
the Company and of CoreFunds, substantially all of the assets and liabilities
of the Company's portfolios will be transferred to similar portfolios in
CoreFunds, and the Company's shareholders will become shareholders of
CoreFunds.

          The Agreement provides that each holder of Retail or Institutional
Shares of any of the Company's portfolios will hold, immediately after the
reorganization, Individual or Institutional shares of the corresponding
CoreFunds portfolio with the same aggregate net asset value as immediately
before the Reorganization.

          Proxy materials describing the reorganization in detail are being
prepared and will be sent to shareholders of the Company.

                      PLEASE RETAIN FOR FUTURE REFERENCE



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