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MARKETWATCH FUNDS
MarketWatch Intermediate Fixed Income Fund
MarketWatch Flexible Income Fund
MarketWatch Virginia Municipal Bond Fund
S U P P L E M E N T
dated January 3, 1997
to
PROSPECTUS
dated March 29, 1996
Under the section entitled "Sales Charge Waivers" on page 17 of the
Prospectus, the following are added to the classes of investors that may
purchase Shares of the Funds with no sales charge:
(1) banks, trust companies and thrift institutions purchasing Shares
in a fiduciary capacity and for which the Adviser or any of its affiliates
acts in an advisory capacity;
(2) broker-dealers and their affiliates purchasing Shares in a
fiduciary, advisory, custodial, agency or similar capacity for managed
account programs or with the liquidation proceeds from such accounts.
The Company must be notified at the time of purchase that the purchase
qualifies for a sales charge waiver.
