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THE PARKSTONE ADVANTAGE FUND
Supplement Dated October 5, 1999 to
Statement of Additional Information Dated May 1, 1999
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE STATEMENT OF ADDITIONAL INFORMATION AND SHOULD BE RETAINED AND READ IN
CONJUNCTION WITH SUCH STATEMENT OF ADDITIONAL INFORMATION.
1. Delete the second paragraph on page 2 to add the following information:
The Trust offers four variable net asset value funds: the Small
Capitalization Fund, the Mid Capitalization Fund, the Bond Fund and the
International Discovery Fund. Until March 6, 1998, the Trust also offered a
money market fund, the Prime Obligations Fund, which is no longer
available. The Small Capitalization Fund seeks to provide capital
appreciation by investing in a diversified portfolio of publicly traded
smaller cap equity securities. The Mid Capitalization Fund seeks to provide
capital appreciation by investing in a diversified portfolio of publicly
traded mid cap equity securities. The Bond Fund seeks current income as
well as preservation of capital by investing in a portfolio of high-and
medium-grade fixed-income securities. The International Discovery Fund
seeks to provide capital appreciation by investing in a portfolio of equity
securities of foreign issuers.
2. Delete the first paragraph on page 15 in the section entitled "NET ASSET
VALUE -- VALUATION OF FUNDS" and add the following:
Portfolio securities, the principal market for which is a securities
exchange, will be valued at the closing sales price on that exchange on the
day of computation. With respect to the Bond Fund, if there have been no
sales during such day, portfolio securities will be valued at the mean
between the most recent quoted bid and asked prices. Portfolio securities,
the principal market for which is not a securities exchange, will be valued
at the mean between the most recent quoted bid and asked prices in such
principal market. With respect to the Small Capitalization Fund, Mid
Capitalization Fund and International Discovery Fund, if there have been no
sales during such day, portfolio securities will be valued at the latest
bid quotation. In either case, if no such price is available, then such
securities will be valued in good faith at their respective fair market
values using methods determined by or under the supervision of the Board of
Trustees of the Trust. Portfolio securities with a remaining maturity of 60
days or less will be valued either at amortized cost or original cost plus
accrued interest, which approximates current value.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
PAR-C-006-01000 (10/99)
