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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 21, 1998 TO THE PROSPECTUS DATED JULY 31, 1997
The Prospectus is hereby supplemented as follows:
The references to Clyde N. Powers on page 35 are hereby deleted.
The following individuals listed under INVESTMENT ADVISER -- EQUITY FUND,
AGGRESSIVE GROWTH FUND AND BALANCED FUND (EQUITY SECURITIES) on page 34 of the
Prospectus remain as portfolio managers on the Equity Funds:
1. Darrell C. Thompson, Senior Vice President and Senior Equity
Manager -- AMCORE Capital Management, Inc. (or a predecessor) since 1973. He
began his investment career in 1957. He has a B.S. from Southern Illinois
University. He has been responsible for investment operations in the Equity Fund
since its inception.
Julie A. O'Rourke, Vice President and Equity Manager -- AMCORE Capital
Management, Inc. (or a predecessor) since 1991 where she began her investment
career. She has a B.S. from Rockford College, Rockford, Illinois, and is a
Chartered Financial Analyst. Other responsibilities include equity research and
equity account management. She is chairperson of the Equity Research Committee.
She has the responsibility of managing the equity securities of the Balanced
Fund.
The following information shall be inserted under INVESTMENT ADVISER on
page 32 of the Prospectus:
AMCORE Financial, Inc., the parent company of the Fund's investment adviser
has signed a definitive agreement to acquire Investor's Management Group, Ltd.,
("IMG"), an investment advisory organization with approximately $1.6 billion
under management. The proposed acquisition, including a proposed agreement and
Plan of Reorganization of the Funds is anticipated to be submitted to a vote of
shareholders in early 1998.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE.
AM1S012198
