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MARQUIS FUNDS-REGISTERED TRADEMARK-
SUPPLEMENT DATED JUNE 29, 1998 TO PROSPECTUSES DATED FEBRUARY 1, 1998
The Prospectuses, dated February 1, 1998, are hereby amended and supplemented by
replacing all references to First National Bank of Commerce in New Orleans
("First NBC") as investment adviser of the Funds with Banc One Investment
Advisors Corporation ("Banc One Investment Advisors").
Banc One Investment Advisors makes the day-to-day investment decisions of each
Fund and administers each Fund's investment program, subject to supervision by
the Trustees. Banc One Investment Advisors, an indirect subsidiary of BANC ONE
CORPORATION, has served as investment advisor to Marquis Funds since June 12,
1998. Prior to that time, Marquis Funds was advised by First NBC. On June 12,
1998, First Commerce Corporation, the parent of First NBC, was merged into BANC
ONE CORPORATION. Banc One Investment Advisors, which is located at 1111 Polaris
Parkway Columbus, OH 43271-0211, is paid a fee for its services.
In addition to Marquis Funds, Banc One Investment Advisors serves as investment
advisor to The One Group-Registered Trademark- Funds, other mutual funds and
individual, corporate, charitable and retirement accounts. As of December 31,
1997, Banc One Investment Advisors managed over $52 billion in assets.
A special meeting of Shareholders of Marquis Funds will be held on Thursday,
July 30, 1998 for the purpose of approving an Agreement and Plan of
Reorganization under which the Marquis Funds would transfer all of its assets to
the One Group Funds as follows:
<TABLE>
<CAPTION>
Shareholders of: Will Receive Shares of:
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<S> <C>
Marquis Institutional Money Market Fund The One Group Treasury Only Money Market Fund
Marquis Treasury Securities Money Market The One Group U.S. Treasury Securities Money
Fund Market Fund
Marquis Tax-Exempt Money Market Fund The One Group Municipal Money Market Fund
Marquis Government Securities Fund The One Group Government Bond Fund
Marquis Strategic Income Fund The One Group Income Bond Fund
Marquis Louisiana Tax-Free Income Fund The One Group Louisiana Municipal Bond Fund
Marquis Balanced Fund The One Group Asset Allocation Fund
Marquis Value Equity Fund The One Group Disciplined Value Fund
Marquis Growth Equity Fund The One Group Growth Opportunities Fund
Marquis Small Cap Fund The One Group Small Capitalization Fund
Marquis International Equity Fund The One Group International Equity Index Fund
</TABLE>
Following the transfer of assets, shares of each One Group Fund will be
distributed to shareholders of each corresponding Marquis Fund. The Marquis
Funds will then be dissolved and liquidated. As a result of the transactions,
you will receive on a tax-free basis, a number of full and fractional shares of
the corresponding One Group Fund equal at the date of the exchange to the value
of your share of the net assets of each Marquis Fund in which you were invested.
Only Shareholders who owned shares of Marquis Funds on May 18, 1998 are entitled
to notice of, and to vote at, the Special Meeting. As a result, Shareholders who
purchased shares of the Marquis Funds after May 18, 1998 will not receive notice
of, or be permitted to vote at, the Special Meeting. If the Agreement and Plan
of Reorganization is approved, it is currently anticipated that the
reorganization would occur in August 1998.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
MRQ-Z-001-01
