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SEAFIRST RETIREMENT FUNDS
SUPPLEMENT DATED NOVEMBER 12, 1996
TO PROSPECTUS DATED JULY 1, 1996
The Board of Trustees of Seafirst Retirement Funds ("Seafirst") has
approved an Agreement and Plan of Reorganization whereby, if approved by
Seafirst shareholders, the Seafirst Blue Chip, Asset Allocation and Bond Funds
will be reorganized into the Pacific Horizon Blue Chip, Asset Allocation and
Intermediate Bond Funds, respectively, of Pacific Horizon Funds, Inc. The
transaction is expected to qualify as a tax-free reorganization under the
Internal Revenue Code of 1986.
Proxy material, including a combined proxy statement/prospectus, will be
mailed to shareholders in advance of the meeting. If the Agreement and Plan of
Reorganization is approved by shareholders, it is currently expected that the
reorganization into the Pacific Horizon Funds, Inc. will occur around March of
1997.
