THE QUAKER FAMILY OF FUNDS
The following information should be read in conjuction with the section of
the Prospectus indicated below, and replaces any inconsistent information in the
Prospectus.
DIVIDENDS AND DISTRIBUTIONS (page 19)
PURCHASES BY MAIL (page 20)
HOW SHARES ARE REDEEMED (page 22)
REPORTING TO SHAREHOLDERS (page 28)
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Effective May 1 1998 the mailing address for the Funds will be: 555 North
Lane, Suite 6160, Conshohocken, PA 19428.
PURCHASES BY WIRE (page 20)
CUSTODIAN (page 27)
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Effective June 10, 1998 the custodian for the Funds will be CoreStates
Bank, 1339 Chestnut Street, Philadelphia, PA 19107.
Wiring Instructions:
CoreStates Bank N.A.
Philadelphia, PA
ABA # 031000011
For the Quaker Enhanced Stock Market Fund
Acct # 1421162299
For the Quaker Core Equity Fund
Acct # 1421162360
For the Quaker Aggressive Growth Fund
Acct # 1421162416
For the Quaker Small-Cap Value Fund
Acct # 1421162440
For the Quaker Fixed Income Fund
Acct # 1421162512
For further credit to (shareholder's name and SS# or EIN#)
ADMINISTRATOR (page 27)
TRANSFER AGENT (page 27)
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Effective May 1, 1998 Declaration Service Company, 555 North Lane, Suite
6160, Conshohocken, PA 19428 has been selected as the Administrator and the
Transfer Agent for the Funds.
LIQUIDATION OF SECTOR ALLOCATION EQUITY FUND
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At a Trustees meeting held on February 18, 1998 a voluntary liquidation of
the Quaker Sector Allocation Fund was authorized by the Board of Trustees for
March 31, 1998. Effective immediately, shares for purchase of the Quaker Sector
Allocation Equity Fund have been suspended.
