The Chesapeake Growth Fund
SUPPLEMENT APRIL 15, 1997
The Prospectus and Statement of Additional Information dated December 11, 1996,
of The Chesapeake Growth Fund (the "Fund") are hereby amended to reflect the
following new service providers to the Fund:
1. Transfer Agent. The transfer, dividend paying, and shareholder servicing
agent of the Fund is North Carolina Shareholder Services, LLC, a North
Carolina limited liability company controlled by John D. Marriott, Jr.,
whose address is 107 North Washington Street, Post Office Box 4365, Rocky
Mount, North Carolina 27803-0365. This firm will be compensated for its
services by The Nottingham Company, the Administrator for the Fund, and not
directly by the Fund.
2. Custodian. The custodian for the Fund's assets is First Union National Bank
of North Carolina, whose address is Two First Union Center, Charlotte,
North Carolina 28288-1151.
Inquiries concerning the Fund, shareholder accounts, and purchases or
redemptions of shares in the Fund should now be addressed to:
Chesapeake Growth Fund
c/o NCSS
107 North Washington Street
Post Office Box 4365
Rocky Mount, North Carolina 27803-0365
1-800-773-3863
For persons desiring to invest in the Fund by bank wire, your bank should now
use the following wire instructions:
First Union National Bank of North Carolina
Charlotte, North Carolina
ABA#0530 00219
Chesapeake Growth Fund
2000000861894
For further credit to (shareholder's name and SSN or EIN)
<PAGE>
The Chesapeake Fund
SUPPLEMENT APRIL 15, 1997
The Prospectus and Statement of Additional Information dated July 8, 1996, of
The Chesapeake Fund (the "Fund") are hereby amended to reflect the following new
service providers to the Fund:
1. Transfer Agent. The transfer, dividend paying, and shareholder servicing
agent of the Fund is North Carolina Shareholder Services, LLC, a North
Carolina limited liability company controlled by John D. Marriott, Jr.,
whose address is 107 North Washington Street, Post Office Box 4365, Rocky
Mount, North Carolina 27803-0365. This firm will be compensated for its
services by The Nottingham Company, the Administrator for the Fund, and not
directly by the Fund.
2. Custodian. The custodian for the Fund's assets is First Union National Bank
of North Carolina, whose address is Two First Union Center, Charlotte,
North Carolina 28288-1151.
Inquiries concerning the Fund, shareholder accounts, and purchases or
redemptions of shares in the Fund should now be addressed to:
Chesapeake Fund (Insitutional, Super-Institutional,
` Class A, Class C or Class D Shares)
c/o NCSS
107 North Washington Street
Post Office Box 4365
Rocky Mount, North Carolina 27803-0365
1-800-773-3863
For persons desiring to invest in the Fund by bank wire, your bank should now
use the following wire instructions:
First Union National Bank of North Carolina
Charlotte, North Carolina
ABA#0530 00219
Chesapeake Fund (Institutional, Super-Institutional,
Class A, Class C or Class D Shares)
2000000862068
For further credit to (shareholder's name and SSN or EIN)
<PAGE>
Office of Records
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
Re: Gardner Lewis Investment Trust
811-07324
33-53800
CIK: 0000893759
Dear Sir/Madam:
Pursuant to Rule 497 under the Securities Act of 1933, transmitted for filing is
one copy of an EDGARized version of a Supplement to the December 11, 1996
Prospectus and Statement of Additional Information for The Chesapeake Growth
Fund, a Series of the Gardner Lewis Investment Trust.
Also enclosed is one copy of an EDGARized version of a Supplement to the July 8,
1996 Prospectus and Statement of Additional Information for The Chesapeake Fund,
a Series of the Gardner Lewis Investment Trust.
Please address any comments or questions to the attention of the undersigned at
(919) 972-9922 Ext 212.
Yours truly,
/s/ C. Frank Watson III
C. Frank Watson III
