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BB&T MUTUAL FUNDS GROUP
Small Company Growth Fund
Trust Shares
Class A and Class B Shares
Supplement Dated February 13, 1997
to Prospectus dated January 2, 1997
Capital terms used in this Supplement have the meaning assigned to them in
the Prospectus.
Effective February 13, 1997, PNC Equity Advisors Company ("PEAC"), an
indirect wholly-owned subsidiary of PNC Bank, will serve as investment
sub-adviser to the Small Company Growth Fund (the "Fund"). All references to
"PNC Bank," the previous sub-adviser to the Fund, are hereby replaced by "PEAC."
The portfolio manager of the Fund will remain the same, as will the terms
of the Sub-Advisory Agreement.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS FOR
FUTURE REFERENCE.
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BB&T MUTUAL FUNDS GROUP
Supplement Dated February 13, 1997
to Statement of Additional Information dated January 2, 1997
Capital terms used in this Supplement have the meaning assigned to them in
the Prospectus.
Effective February 13, 1997, PNC Equity Advisors Company ("PEAC"), an
indirect wholly-owned subsidiary of PNC Bank, will serve as investment
sub-adviser to the Small Company Growth Fund (the "Fund"). All references to
"PNC Bank," the previous sub-adviser to the Fund, are hereby replaced by "PEAC."
The portfolio manager of the Fund will remain the same, as will the terms
of the Sub-Advisory Agreement.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE STATEMENT OF ADDITIONAL
INFORMATION FOR FUTURE REFERENCE.
