1784 FUNDS
497, 1997-10-06
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                                                                    RULE 497(E)
                                                             FILE NOS. 33-58004
                                                                   AND 811-7474

                               BOSTON 1784 FUNDS
                       BOSTON 1784 ASSET ALLOCATION FUND


                        SUPPLEMENT DATED OCTOBER 1, 1997
                                       TO
                        PROSPECTUS DATED OCTOBER 1, 1997


The paragraph under the heading "Management" for the "Boston 1784 Asset
Allocation Fund" on page 17 of the Prospectus is hereby amended by adding the
following at the end of such paragraph:

      Effective October 5, 1997, Michael Pelosi, Senior Fund
      Manager, will replace Mr. Clausen and will co-manage the
      Fund with Mr. Wright.  Mr. Pelosi, who has more than fifteen
      years of experience in investment management, research
      analysis and securities trading at BankBoston, has been a
      Portfolio Manager since 1988.




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