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Rule 497(e)
File No. 33-59984
THE CARDINAL FUND
CARDINAL BALANCED FUND
CARDINAL AGGRESSIVE GROWTH FUND
SUPPLEMENT DATED AUGUST 12, 1996
TO PROSPECTUS DATED MAY 1, 1996
Capitalized terms used in this Supplement have the meanings assigned to
them in the Prospectus.
The third paragraph under the heading "WHO MANAGES MY INVESTMENT IN THE
FUNDS? -- Investment Adviser And Manager" on pages 24 and 25 of the Prospectus
is amended by deleting the current third paragraph in its entirety and
substituting in place thereof the following paragraph:
In its capacity as investment adviser, and subject to the
ultimate authority of the Group's Board of Trustees, the Adviser, in
accordance with the Funds' investment objectives and policies, manages
each Fund, and makes decisions with respect to and places orders for
all purchases and sales of its portfolio securities. Since the
Reorganization with respect to The Cardinal Fund and since December
22, 1995, with respect to TCFI, The Cardinal Fund's predecessor, John
Bevilacqua has been primarily responsible for the day-to-day
management of the portfolio of such Funds. Mr. Bevilacqua has been a
Vice President and Portfolio Manager of The Ohio Company since
October, 1994. Prior thereto, and since February, 1984, Mr. Bevilacqua
served as Second Vice President -- Investments of Midland Mutual Life
Insurance Company, Columbus, Ohio. Since the Balanced Fund's
inception, Barry G. McMahon has been primarily responsible for the
day-to-day management of the Balanced Fund's portfolio. Mr. McMahon
has been a portfolio manager of the Adviser since 1992. Prior thereto,
Mr. McMahon was a portfolio manager of Columbus Mutual Life Insurance
Company, Columbus, Ohio. Since August 12, 1996, Mr. Harold C. Elliott
has been primarily responsible for the day-to-day management of the
Aggressive Growth Fund's portfolio. Mr. Elliott has been a Vice
President and Chief Investment Officer of The Ohio Company since
March, 1996. Prior thereto from May, 1993, to March, 1996, Mr. Elliott
was Vice President and Chief Investment Officer of The Bank of Tokyo
Trust Company (New York City), a wholly-owned subsidiary of the Bank
of Tokyo Limited, Tokyo, Japan. Prior thereto, from December, 1984 to
May, 1993 Mr. Elliott was employed by First Fidelity Bank,
Philadelphia, Pennsylvania.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH
THE PROSPECTUS FOR FUTURE REFERENCE
