MONARCH FUNDS
INVESTOR SHARES
Treasury Cash Fund
Government Cash Fund
Cash Fund
Supplement Dated August 1, 2000 to
Prospectus Dated January 1, 2000
as amended January 8, 2000
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The following charts replace in their entirety those included under the section
entitled "Performance" on page 4 of the Prospectus.
TREASURY CASH FUND
[EDGAR Representation of bar chart]
1996 4.60%
1997 4.65%
1998 4.57%
1999 4.17%
Best Quarter: 1.18% (quarter ended 12/31/97)
Worst Quarter: 0.95% (quarter ended 3/31/99)
GOVERNMENT CASH FUND
[EDGAR Representation of bar chart]
1993 3.24%
1994 4.29%
1995 6.01%
1996 5.44%
1997 5.56%
1998 5.49%
1999 5.06%
Best Quarter: 1.51% (quarter ended 6/30/95)
Worst Quarter: 0.78% (quarter ended 3/31/94)
CASH FUND
[EDGAR Representation of bar chart]
1996 4.78%
1997 4.90%
1998 4.87%
1999 4.49%
Best Quarter: 1.24% (quarter ended 12/31/97)
Worst Quarter: 1.03% (quarter ended 6/30/99)
