Supplement Dated February 3, l997 to Prospectus of Gradison
Ohio Tax-Free Income Fund Dated October 28, l996
1- The name of the Fund has been changed to the Gradison
Ohio Tax-Free Income Fund.
2- The following sentence is added to the end of the first
full paragraph on page nine of the Prospectus:
The Fund sells shares without a sales charge to
accounts of financial institutions or broker-dealers
that charge account management fees, provided the
Distributor has entered into an agreement with respect
to such accounts.
