THE RIVERFRONT FUNDS
THE RIVERFRONT LARGE COMPANY SELECT FUND
THE RIVERFRONT BALANCED FUND
THE RIVERFRONT SMALL COMPANY SELECT FUND
THE RIVERFRONT INCOME EQUITY FUND
THE RIVERFRONT U.S. GOVERNMENT INCOME FUND
THE RIVERFRONT U.S. GOVERNMENT SECURITIES MONEY MARKET FUND
Supplement dated July 1, 1999, to Prospectus and Statement of Additional
Information dated April 30, 1999
Provident Financial Group, Inc., the direct parent corporation of The Provident
Bank (the "Former Adviser") and of Provident Investment Advisors, Inc., has
determined to transfer all investment advisory functions within the Provident
Financial Group, Inc. umbrella to Provident Investment Advisors, Inc., an
investment adviser registered under the Investment Advisers Act of 1940.
Accordingly, at the meeting of the Board of Trustees (the "Board") of The
Riverfront Funds (the "Trust") held on May 21, 1999, the Board approved,
effective July 1, 1999, a new investment advisory agreement (the "New Advisory
Agreement") between the Trust and Provident Investment Advisors, Inc., and the
termination of the existing investment advisory agreement between the Former
Adviser and the Trust (the "Existing Advisory Agreement").
In connection with the approval of the New Advisory Agreement, the Former
Adviser and Provident Investment Advisors, Inc., made certain representations
regarding the transfer of the advisory functions to Provident Investment
Advisors, Inc. to the effect that, upon inception of the New Advisory Agreement
(i) there would be no material change in the advisory relationship between the
Trust and its investment adviser, (ii) the Existing Advisory Agreement and the
New Advisory Agreement would be identical in all material respects, (iii) there
would be no change in the employees providing services to the Trust as a result
of the New Advisory Agreement, and (iv) there would be no reduction in the
nature or level of the services provided to the Trust as a result of the New
Advisory Agreement.
Accordingly, effective July 1, 1999, all references, in the Prospectus and
Statement of Additional Information, to The Provident Bank as investment adviser
to The Riverfront Funds shall be deemed to refer instead to Provident Investment
Advisors, Inc.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS AND
THE STATEMENT OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE
CUSIPS 768709602
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768709842
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768709107
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G02570-02 (7/99)
