The Bhirud Funds, Inc.
THE APEX MID CAP GROWTH FUND
Soundview Plaza, 1266 E. Main Street
Stamford, Connecticut 06902
Telephone No. (877) 593-8637
Supplement to Prospectus Dated November 30, 1998
1) A new telephone number for shareholder services, 1-877 593
8637, replaces the telephone number
1-800 446 2987 appearing in the prospectus.
2) The following information replaces disclosure found in the
Paragraph on Page 14 under "HOW TO PURCHASE SHARES".
HOW TO PURCHASE SHARES
All funds received by the Portfolio are invested in full and
fractional shares of the Portfolio. Certificates for shares are
not issued. The Fund maintains records of each shareholder's
holdings of Portfolio shares, and each shareholder receives a
statement of transactions, holdings and dividends. The
Portfolio reserves the right to reject any purchase.
An investment may be made using any of the following methods:
Mail. To purchase shares in the Portfolio, an investor
should deliver a completed new account registration form with a
check payable to "The Apex Mid Cap Growth Fund", c/o Mutual
Shareholders Services Inc., 1301 East Ninth Street, Suite 1005,
Claveland, OH 44114-1800. If shares are purchased by check and
redeemed before the check has cleared, the transmittal of
redemption proceeds will be delayed until funds are collected,
which may take up to 15 days (See "Redemption of Shares").
By Wire. Investments may be made directly through the use
of wire transfers of Federal funds. Contact your bank and
request it to wire Federal funds to the Portfolio. In most
cases, your bank will either be a member of the Federal Reserve
Banking System or have a relationship with a bank that is. Your
bank will normally charge you a fee for handling the
transaction. To purchase shares by a Federal funds wire, please
first contact The Mutual Shareholders Services Inc., at (877)
593-8637. They will establish a record of information for the
wire to insure the correct processing of funds. Failure to
contact the Mutual Shareholders Services Inc., will delay the
effective date of the purchase order to the next business day.
Investor purchases by wire funds must be directed to:
FIRSTAR BANK, N.A. Cinti/Trust
ABA: 0420-0001-3
Attn: The Apex Mid Cap Growth Fund
DDA # 485812697
Share Holder Account Number: ___________________
Share Holder Account Name: _____________________
4) The following information replaces disclosure found in the
Paragraph on Page 18 under "CUSTODIAN AND TRANSFER AGENT".
CUSTODIAN AND TRANSFER AGENT
The Firstar Bank, N.A., Mutual Fund Custody Department, 425
Walnut Street, M.L. 6118, Cincinnati, Ohio 45202, is the
custodian for the Portfolio's cash and securities, and Mutual
Shareholders Services Inc., 1301 East Ninth Street, Suite 1005,
Claveland, OH 44114-1800 is the transfer agent for the
Portfolio's shares. The Portfolio's custodian and transfer agent
do not assist in, and are not responsible for, investment
decisions involving Portfolio assets.
5) The following information replaces disclosure found in the
Paragraph on Page 15 under "REDEMPTION OF SHARES - By Mail".
REDEMPTION OF SHARES
By Mail. Redemption requests may be made by letter to c/o
Mutual Shareholders Services Inc., 1301 East Ninth Street, Suite
1005, Claveland, OH 44114-1800, specifying the name of the
Portfolio, the dollar amount or number of shares to be redeemed,
and the account number. The request must be signed in exactly
the same way the account is registered (if there is more than
one owner of the shares, all must sign). In all cases, all the
signatures on a redemption request must be signature guaranteed
by an eligible guarantor institution which includes a domestic
bank, a domestic savings and loan institution, a domestic credit
union, a member bank of the Federal Reserve System or a member
firm of a national securities exchange; pursuant to the Fund's
transfer agent's standards and procedures. (Guarantees by
notaries public are not acceptable.) Further documentation, such
as copies of corporate resolutions and instruments of authority,
may be requested from corporations, administrators, executors,
personal representatives, trustees or custodians to evidence the
authority of the person or entity making the redemption request.
Agust 31, 1999
_____________________
Suresh L. Bhirud, President
