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Rule 497(e)
File No. 811-07588
Registration No. 33-59984
CARDINAL GOVERNMENT SECURITIES MONEY MARKET FUND
CARDINAL TAX EXEMPT MONEY MARKET FUND
SUPPLEMENT DATED APRIL 1, 1997,
TO PROSPECTUS DATED JANUARY 2, 1997
Capitalized terms used in this Supplement have the meaning assigned to them
in the Prospectus.
The third paragraph under the heading "HOW DO I PURCHASE SHARES OF THE
FUNDS? -- GENERAL" on pages 11 and 12 of the Prospectus is deleted and is
replaced with the following:
All Shares purchased will be credited to shareholder accounts after
receipt of an order and federal funds by The Ohio Company, at the net
asset value next determined. Each Fund currently determines net asset
value and enters purchases and redemptions of its Shares as of 12:00
noon, Eastern Time, on each day that the New York Stock Exchange is
open for business and on such other days on which there is a
sufficient degree of trading in that Fund's portfolio securities that
such Fund's net asset value might be materially affected by changes in
the value of the portfolio securities ("Business Day"). If a properly
completed order and federal funds (or other immediately available
funds) are received at or prior to 12:00 noon, Eastern Time, on a
Business Day, then the purchase will be entered as of 12:00 noon,
Eastern Time, on that day and dividends will commence on that day. If
either federal funds (or other immediately available funds) or the
completed purchase order are received after 12:00 noon, Eastern Time,
Shares will be credited to the shareholder's account as of 12:00 noon,
Eastern Time, on the next Business Day and will begin earning
dividends on such day.
The wire instructions contained under the heading "PURCHASE BY FEDERAL
FUNDS WIRE" on page 12 of the Prospectus are deleted and are replaced with the
following:
The Fifth Third Bank
Account Number 728-76677
Routing Number 042000314
38 Fountain Square Plaza
Cincinnati, Ohio 45263
Attn: [Name of Applicable Fund]
[Include Fund Account Number and Name of Account Holder]
The following is added as the last sentence of the last paragraph under the
heading "PURCHASE BY FEDERAL FUNDS WIRE" on page 12 of the Prospectus:
If you have questions regarding the status of a wire transfer of
funds, please call The Fifth Third Bank at (513) 579-5385.
The first sentence in the first paragraph under the heading "WHAT
DISTRIBUTIONS WILL I RECEIVE?" on page 13 of the Prospectus is deleted and is
replaced with the following:
Each Fund's net income is declared as a dividend and accrued on each
Business Day immediately prior to the determination of such Fund's net
asset value at 12:00 noon, Eastern Time.
