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                            PERFORMANCE FUNDS TRUST
 
                       SUPPLEMENT DATED JANUARY 10, 1997
                    TO PROSPECTUSES DATED SEPTEMBER 27, 1996
 
     This Supplement is provided to update, and should be read in conjunction
with, the information provided in the Prospectus.
 
PLEASE NOTE THE FOLLOWING REVISION REGARDING "DIVIDENDS, DISTRIBUTIONS AND
FEDERAL INCOME TAX".
 
     Shareholders may elect to receive distributions in additional Fund shares
based on the net asset value at the close of business on the declaration date of
the distribution or receive such distributions in cash.



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