THE VALIANT FUND
(the "Trust")
Supplement dated September 1, 1998 to the
Prospectus Dated December 19, 1997
Certain of the existing service arrangements with respect to the Trust will
change as described below:
Change in Administrator
Effective September 1, 1998, BISYS Fund Services Ohio, Inc. ("BISYS"), with
principal offices located at 3435 Stelzer Road, Columbus, Ohio 43219, serves as
administrator and fund accounting agent to the Trust pursuant to the terms of an
Administration Agreement and Fund Accounting Agreement.
Change in Transfer and Dividend Disbursing Agent
Effective September 1, 1998, BISYS Fund Services Ohio, Inc., with principal
offices located at 3435 Stelzer Road, Columbus, Ohio 43219, serves as the
transfer and dividend disbursing agent to the Trust pursuant to the terms of a
Transfer Agency Agreement.
Change in Custodian
Effective September 1, 1998, The Bank of New York will be the Trust's Custodian.
Change in Redemption Information
a. Shareholders may change the bank account designated to receive an amount
redeemed at any time by sending a letter of instruction with a signature
guarantee to The Valiant Fund, 1800 Second Street, Suite 757, Sarasota,
FL 34236.
b. Shares also may be redeemed by mail by submitting an order addressed to:
The Valiant Fund, 1800 Second Street, Suite 757, Sarasota, FL 34236.
Change in Trust's Address
The Trust's address has been changed to 1800 Second Street, Suite 757, Sarasota,
FL 34236.
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The above revisions are effective immediately. Except as indicated in the
Supplement, all procedures described in the Trust's Prospectus remain in effect
and unchanged.
<PAGE>
THE VALIANT FUND
(the "Trust")
Supplement dated September 1, 1998 to the
Statement of Additional Information dated December 19, 1997
Certain of the existing service arrangements with respect to the Trust will
change as described below:
Change in Administrator
Effective September 1, 1998, BISYS Fund Services Ohio, Inc. ("BISYS"), with
principal offices located at 3435 Stelzer Road, Columbus, Ohio 43219, serves as
administrator and fund accounting agent to the Trust pursuant to the terms of an
Administration Agreement and Fund Accounting Agreement.
Change in Transfer and Dividend Disbursing Agent
Effective September 1, 1998, BISYS Fund Services Ohio, Inc., with principal
offices located at 3435 Stelzer Road, Columbus, Ohio 43219, serves as the
transfer and dividend disbursing agent to the Trust pursuant to the terms of a
Transfer Agency Agreement.
Change in Custodian
Effective September 1, 1998, The Bank of New York will be the Trust's Custodian.
Change in Redemption Information
a. Shareholders may change the bank account designated to receive an amount
redeemed at any time by sending a letter of instruction with a signature
guarantee to The Valiant Fund, 1800 Second Street, Suite 757, Sarasota,
FL 34236.
b. Shares also may be redeemed by mail by submitting an order addressed to:
The Valiant Fund, 1800 Second Street, Suite 757, Sarasota, FL 34236.
Change in Trust's Address
The Trust's address has been changed to 1800 Second Street, Suite 757, Sarasota,
FL 34236.
----------------------------------
The above revisions are effective immediately. Except as indicated in the
Supplement, all procedures described in the Trust's Statement of Additional
Information remain in effect and unchanged.
<PAGE>
