TREASURY OBLIGATIONS MONEY MARKET FUND
BOND FUND
STOCK FUND
INCOME FUND
(Portfolios of SouthTrust Vulcan Funds)
SUPPLEMENT TO PROSPECTUS DATED JUNE 30, 1997
Please replace the subsection entitled "Sales Charge Waivers" on page 19 of the
prospectus with the following:
"SALES CHARGE WAIVERS. The following classes of investors may
purchase shares of the BOND FUND, STOCK FUND and INCOME FUND
with no sales charge in the manner described below: (1)
officers, trustees, directors, employees and retired employees
of the Company, SouthTrust Corporation and its affiliates, and
employees of the transfer agent, Distributor or an authorized
SouthTrust Vulcan Funds Dealer (and spouses and children of the
foregoing); (2) investors for whom SouthTrust Corporation or one
of its affiliates acts in a fiduciary, advisory, custodial,
agency or similar capacity (this does not include transactions
executed by SouthTrust Securities, Inc., including, but not
limited to, self-directed Individual Retirement Accounts); (3)
employees who purchase Fund shares through a payroll deduction
plan sponsored by their employers."
February 27, 1998
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