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AMCORE VINTAGE U.S. GOVERNMENT OBLIGATIONS FUND
AMCORE VINTAGE FIXED INCOME FUND
AMCORE VINTAGE INTERMEDIATE TAX FREE FUND
AMCORE VINTAGE EQUITY FUND
AMCORE VINTAGE BALANCED FUND
AMCORE VINTAGE AGGRESSIVE GROWTH FUND
AMCORE VINTAGE FIXED TOTAL RETURN FUND
SUPPLEMENT DATED JANUARY 1, 1996 TO
PROSPECTUS DATED JUNE 1, 1995 AS SUPPLEMENTED NOVEMBER 17, 1995
The Prospectus is hereby supplemented as follows:
1. The Fixed Total Return Fund will invest substantially all, but in no
event less than 75%, of the value of its total assets in fixed income securities
with stated or remaining maturities of 15 years or less or securities with a
stated or remaining maturity in excess of 15 years if such securities have an
unconditional put to sell or redeem the security within 15 years from the date
of purchase. While this does not represent a change in the fund's investment
policy, it clarifies the circumstance in which the fund may hold fixed income
securities with a remaining maturity of 15 years or more.
2. The Information for Dean C. Countryman which appears on page 31 of the
Prospectus is deleted in its entirety. As of January 1, 1996, Elizabeth S.
Pierson has been assigned responsibility for the day-to-day management of Fixed
Income, Fixed Total Return and Tax-Free Funds' portfolios. Ms. Pierson has been
employed by AMCORE Capital Management, Inc. (or a predecessor) since 1984. She
began her investment career in 1984. She has a B.S. degree from the University
of Illinois, Champaign-Urbana and is a Chartered Financial Analyst. She has been
responsible for investment management and credit responsibilities in numerous
individually managed advisory portfolios. She has also been co-manager of
Balanced Fund since inception.
3. The Information for Darrell C. Thompson which appears on page 31 of the
Prospectus is changed to read as follows: Darrell C. Thompson is the portfolio
manager of the Equity Fund and Balanced Fund. Clyde N. Powers is the portfolio
manager of the Aggressive Growth Fund since the inception of the fund. Prior to
July 1995 he was employed by Union Bank of San Francisco as Managing Director of
Investing Operations. He began his investment career in 1972. He has an BBA
degree in Finance from the University of Wisconsin-Milwaukee and is a Chartered
Financial Analyst.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE
PROSPECTUS FOR FUTURE REFERENCE
