THE CUTLER TRUST
CUTLER EQUITY INCOME FUND
CUTLER APPROVED LIST EQUITY FUND
Supplement Dated February 24, 1999 to
Prospectus Dated October 30, 1998
Page 7 of the Prospectus is amended by deleting the fifth and sixth
paragraphs and replacing them with the following:
Mr. Kenneth R. Cutler, Portfolio Manager for the Cutler Equity Income Fund,
entered the investment business in 1945; between 1953 and 1962 he was
principal operating and investment officer of two mutual funds; between
1962 and 1977 he held various investment positions; in 1977 he founded
Cutler & Company, LLC. Mr. Cutler is the Chairman and Vice President of the
Trust.
Mr. Robert W. Lamberti, CFA, Portfolio Manager for the Cutler Approved List
Equity Fund, received his B.S. from Purdue University and his M.B.A. in
Finance from Temple University in 1995. From 1993 to 1995, Mr. Lamberti was
an Economic Analyst and Treasury Analyst for the Rohm and Haas Company.
From 1995 to 1997, Mr. Lamberti was a Senior Financial Analyst in the
Emulsion Polymers Division at Air Products and Chemicals, Inc. From 1997 to
April, 1998, he was a Senior Analyst at Value Research Corporation. Mr.
Lamberti joined Cutler & Company, LLC as an assistant Portfolio Manager in
April, 1998.
