THE ADVISORS' INNER CIRCLE FUND
Clover Capital Equity Value Portfolio
Clover Capital Fixed Income Portfolio
Clover Capital Small Cap Value Portfolio
(the "Clover Portfolios")
Supplement dated April 23, 1997 to the prospectus dated February 28, 1997
This supplement provides new and additional information beyond that contained
in the Prospectus and should be retained and read in conjunction with such
Prospectus.
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On March 17, 1997, the Board of Trustees of The Advisors' Inner Circle Fund (the
"Trust") met and unanimously approved an Agreement and Plan of Reorganization
and Liquidation (the "Plan") between the Trust and TIP Funds (the "Fund"). Under
the Plan, if approved by the shareholders of the Clover Portfolios, the Trust
will transfer the assets of the three Clover Portfolios of the Trust to three
newly-organized portfolios of the Fund with identical investment objectives in
exchange for shares of corresponding series of the Fund.
A Special Meeting of the Shareholders (the "Meeting") of the Trust's portfolios
has been called for June 10, 1997, at which Meeting the Trust's Shareholders
will be asked to approve the Plan and the proposed reorganization.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
