PROVIDENT INVESTMENT COUNSEL
GROWTH FUND
MID CAP FUND
SMALL COMPANY GROWTH FUND
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Supplement dated July 10, 1998 to Prospectus dated March 2, 1998
Minimum Investments
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Effective July 15, 1998, the minimum investment to open an account in the
Provident Investment Counsel Growth Fund, Mid Cap Fund and Small Company Growth
Fund (collectively the "Funds") is $1 million. The Funds may, at their
discretion, waive the minimum investment for employees and affiliates of
Provident Investment Counsel ("PIC") or any other person or organization deemed
appropriate.
