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BRENTON MUTUAL FUNDS
Supplement dated April 7, 1998
to Prospectus dated July 31, 1997
The following information replaces the first paragraph on Page 26 under the
heading "MANAGEMENT OF THE GROUP - Investment Adviser", regarding the portfolio
managers for the Funds:
The following individuals serve as the portfolio managers for the Funds and
are primarily responsible for the day-to-day management of each Fund's
portfolio:
Brad Cunningham serves as portfolio manager of the Brenton Intermediate
U.S. Government Securities Fund with primary responsibility for the
day-to-day management of that Fund's portfolio. Mr. Cunningham holds a
B.B.A. degree in Finance from the University of New Mexico and has 13 years
of fixed income investment experience. Mr. Cunningham joined the Bank in
January 1998 and since that time he has served as chief investment officer
with the Bank where he is engaged in various investment management
activities. Prior to joining the Bank in January 1998, Mr. Cunningham had
been employed by Boatman's Bank in St. Louis, Missouri since January 1993.
In addition, Douglas L. Brown serves as portfolio manager of the Brenton
Value Equity Fund with primary responsibility for the day-to-day management
of that Fund's investment portfolio. Mr. Brown holds a B.A. degree in
Economics from St. Ambrose University and he has 14 years of equity
investment experience. Mr. Brown joined the Bank in July 1997. Prior to
joining the Bank Mr. Brown was employed by NationsBank, and certain
predecessor banks acquired by NationsBank, as senior portfolio manager
since January 1989.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
