NOTTINGHAM INVESTMENT TRUST II
Investek Fixed Income Trust
SUPPLEMENT
Dated April 27, 2000
This Supplement to the Prospectus and Statement of Additional Information of the
Investek Fixed Income Trust ("Fund"), a series of the Nottingham Investment
Trust II ("Trust"), is to provide further notification to shareholders,
potential investors and other interested parties that the Fund's investment
advisor, Investek Capital Management, Inc. ("ICM") was acquired by EARNEST
Partners Limited, LLC ("EPL") on December 31, 1999. As a result, the Fund is
operating under an Interim Investment Advisory Agreement between the Trust and
EPL, which was approved by the Board of Trustees of the Trust at a meeting held
on December 20, 1999. Under the federal securities laws, the Interim Investment
Advisory Agreement will terminate on May 31, 2000. Accordingly, there will be a
special meeting of shareholders on May 25, 2000, at which time shareholders of
record on April 7, 2000 (the record date) will be asked to consider and vote
upon a proposed Investment Advisory Agreement between the Trust and EPL ("New
Advisory Agreement").
You should note that the portfolio management of the Fund will not change as a
result of shareholders approving the New Advisory Agreement. The portfolio
managers responsible for managing the Fund prior to EPL's acquisition of ICM
will continue to manage the Fund under the New Advisory Agreement. You should
also be aware that the terms of the New Advisory Agreement are substantially
similar to those contained in the previous investment advisory agreement between
the Trust and ICM and the Interim Investment Advisory Agreement between the
Trust and EPL.
Investors Should Retain This Supplement for Future Reference
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