Rule 497(e)
Reg. No. 33-45315
File No. 811-6550
THE MENTOR FUNDS
Prospectus Supplement
to the Prospectus dated January 15, 1996
The sales charges shown in the Prospectus for Class A shares will not
apply to shares purchased by you through EVEREN Securities, Inc. with the
redemption proceeds received by you within the preceding 90 days from the
sale of shares of any non-Mentor open-end mutual fund (referred to as "NAV
Transactions").
Mentor Investment Advisors, LLC ("Mentor Advisors") acts as
investment adviser of each of the Portfolios other than the Global
Portfolio. Mentor Advisors is a wholly owned subsidiary of Mentor
Investment Group, LLC. Mentor Advisors and its affiliates serve as
investment advisers to twenty-one separate investment portfolios in the
Mentor Family of Funds. All investment decisions for the Portfolios are made
by investment teams at Mentor Advisors. EVEREN Capital Corporation has a 20%
ownership interest in Mentor Investment Group, LLC and may acquire additional
ownership based principally on the amount of Mentor Investment Group, LLC's
revenues derived from assets attributable to clients of EVEREN and its
affiliates. EVEREN may compensate investment consultants in connection with
NAV Transactions. Contract Mentor Distributors or your financial institution
for more information.
November 1, 1996
<PAGE>
Rule 497(e)
Reg. No. 33-45315
File No. 811-6550
THE MENTOR FUNDS
Supplement to the Statement of Additional Information
dated January 15, 1996
Mentor Investment Advisors, LLC ("Mentor Advisors") acts as
investment adviser of each of the Portfolios other than the Global Portfolio.
Mentor Advisors is a wholly owned subsidiary of Mentor Investment Group, LLC
("Mentor Investment Group"), which in turn is a subsidiary of Wheat First
Butcher Singer, Inc. Mentor Investment Group serves as the administrator
to the Portfolios. Mentor Distributors, LLC serves as the Portfolios'
principal underwriter.
November 1, 1996
