Via Edgar
May 29, 1997
Division of Investment Management
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Re: Security First Trust
'33 Act File No. 2-51173
'40 Act File No. 811-2480
Dear Sir/Madam:
Pursuant to Rule 497(e) under the Securities Act of 1933, the attached for
filing is the supplement, dated May 29, 1997, that has been made to the
Security First Trust Prospectus, dated November 29, 1996.
Sincerely,
SECURITY FIRST TRUST
/s/ Richard C. Pearson
- -----------------------
Richard C. Pearson
Senior Vice President
and General Counsel
SECURITY FIRST TRUST
Supplement dated May 29, 1997 to Prospectus dated November 29, 1996
T. Rowe Price Associates ("Price Associates") advised Security First
Investment Management Company that it desires to discontinue serving as the
subadvisor to the T. Rowe Price Bond Series of the Trust. As a result, at a
meeting held on May 15, 1997, the Board of Trustees considered and approved
a new Subadvisory Agreement with Neuberger & Berman, LLC, as the new
subadvisor to such Series, and authorized the calling of a special meeting of
shareholders of the Series to approve the Subadvisory Agreement. Price
Associates has agreed to continue as subadvisor for the Series until such
shareholder meeting seeking approval of the proposed new Sudadvisory
Agreement has been held. The name of the Series has been changed
to the Bond Series.
