The Bhirud Funds, Inc.
THE APEX MID CAP GROWTH FUND
Soundview Plaza, 1266 E. Main Street
Stamford, Connecticut 06902
Telephone No. (800) 831-9922
Supplement to Prospectus Dated November 30, 1996
The following information replaces disclosure found in the
Paragraph on Page 9 under "Other Investments and Related Risk
Factors - Short Sales".
The market value of the securities sold short of any one issuer
will not exceed either 2% of the Portfolio's total assets or 2%
of such issuer's voting securities. The Portfolio will not make
a short sale, if, after giving effect to such sale, the market
value of all securities sold short exceeds 30% of the value of
its assets or the Portfolio's aggregate short sales of a
particular class of securities exceeds 30% of the outstanding
securities of that class. The Portfolio may also make short
sales "against the box" without respect to such limitations. In
this type of short sale, at the time of the sale, the Portfolio
owns or has the immediate and unconditional right to acquire at
no additional cost the identical security.
November 13, 1997
s/d_____________________
Suresh L. Bhirud, President
