October 24, 1997
BRUNDAGE, STORY AND ROSE INVESTMENT TRUST
Supplement to Prospectus Dated April 1, 1997
The Board of Trustees of Brundage, Story and Rose Investment Trust (the
"Trust") has approved a change to the investment objective of the Brundage,
Story and Rose Equity Fund (the "Equity Fund"). Previously, the Fund has sought
to provide protection and enhancement of capital, current income and growth of
income. The Fund will no longer seek to provide current income. The Equity Fund
will continue to invest primarily in common stocks and securities convertible
into common stock and there have been no changes in the investment strategies of
the Fund.
