RIMCO MONUMENT FUNDS
RIMCO Monument Stock Fund
RIMCO Small Capitalization Equity Fund
SUPPLEMENT TO COMBINED PROSPECTUS DATED JUNE 30, 1995
Please delete the second paragraph of the Adviser's Background section on page
26 of the Combined Prospectus, and replace it with the following:
As of November 20, 1995, Philip D. Tasho has assumed portfolio
management responsibility of the RIMCO Monument Stock and Small
Capitalization Equity Funds. Mr. Tasho is the Chief Executive Officer
and Chief Investment Officer of RIMCO and served as the manager of the
RIMCO Monument Stock Fund from its inception through June, 1994.
Most recently, Mr. Tasho was a Vice President at Shawmut Investment
Advisers in Boston, MA from 1994 to 1995. Prior to that, Mr. Tasho
served as a Managing Director of RIMCO and was a member of the senior
management committee from 1990 to 1994. He also served as a Senior
Portfolio Manager for the Sovran Bank in Bethesda and as Director of
Research for the same bank at its Richmond head office. He started his
career as a Trust Investment Officer for the First American Bank in
Washington.
Mr. Tasho earned a B.A. in Russian from Grinnel College and an M.B.A.
in Finance and Investments from George Washington University. He
holds a CFA from the Institute of Chartered Financial Analysts.
November 27, 1995
PA
RIGGS INVESTMENT MANAGEMENT CORP.
(RIMCO)
Adviser
FEDERATED SECURITIES CORP.
Distributor
Cusip 766730402
Cusip 766730501
