MENTOR FUNDS
SUPPLEMENT
to Prospectus dated January 17, 1998
(as revised April 9, 1998)
The first paragraph under the caption "How to Buy Shares - General" in the
Prospectus is amended by adding the following sentence immediately after the
fourth sentence in that paragraph:
"In addition, a Portfolio may sell its Class A shares without a sales
charge and may waive the CDSC on shares redeemed by shareholders investing
through brokerage or similar accounts sponsored by financial institutions
having agreements with Mentor Distributors or Mentor Services Company,
Inc., where the shareholder pays account fees to its financial institution
based on the asset value of the shareholder's account with the financial
institution from time to time."
Contact Mentor Services Company, at 1-800-382-0016 for additional
information.
July 15, 1998
MK 1185
