October 2, 1996
MAPLEWOOD INVESTMENT TRUST
REGIONAL OPPORTUNITY FUND:
OHIO, INDIANA, KENTUCKY
Supplement to Prospectus Dated June 20, 1996
The following disclosure replaces the section entitled "Prospectus
Summary -- Investment Advisor" on page 2 of the Prospectus:
INVESTMENT ADVISOR. CityFund Advisory, Inc. (the "Advisor")
serves as investment advisor to the Fund. For its services, the
Advisor receives compensation of 1.25% of the average daily net
assets of the Fund. (See "Management of the Fund.")
The following disclosure replaces the first three paragraphs of the
section entitled "Management of the Fund -- Investment Advisor" beginning on
page 17 of the Prospectus:
INVESTMENT ADVISOR. Subject to the authority of the Board of Trustees, CityFund
Advisory, Inc. (the "Advisor") provides the Fund with a continuous program of
supervision of the Fund's assets, including the composition of its portfolio,
and furnishes advice and recommendations with respect to investments, investment
policies and the purchase and sale of securities, pursuant to an Investment
Advisory Agreement with the Trust. The Advisor is also responsible for the
selection of broker-dealers through which the Fund executes portfolio
transactions, subject to brokerage policies established by the Trustees. The
Advisor's address is P.O. Box 54944, Cincinnati, Ohio 45254-0944.
Jill H. Travis is primarily responsible for the day-to-day management of the
Fund's portfolio and has been managing the Fund since November 1995. In addition
to being employed by the Advisor, Ms. Travis is President and Chief Executive
Officer of Amelia Earhart Capital Management, Inc., an investment advisory firm
located in Southfield, Michigan, which serves as investment advisor to the
Amelia Earhart: Eagle Equity Fund, another series of the Trust. Ms. Travis
currently serves as portfolio manager of the Amelia Earhart: Eagle Equity Fund,
a position she has held since that fund's inception in 1993. Since 1991, Ms.
Travis has been a self-employed certified financial planner and business
consultant.
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