CT&T FUNDS
Montag & Caldwell Growth Fund
Chicago Trust Growth & Income Fund
Chicago Trust Talon Fund
Chicago Trust Asset Allocation Fund
Montag & Caldwell Balanced Fund
Chicago Trust Bond Fund
Chicago Trust Municipal Bond Fund
Chicago Trust Money Market Fund
Supplement to Prospectus and Statement of Additional Information
Dated February 28, 1997
The following information revises the disclosure found in the
Prospectus and Statement of Additional Information of the funds
listed above (each a "Fund"):
Effective June 1, 1997, First Data Investor Services Group, Inc.
(the "Transfer Agent") replaces FPS Services, Inc. as transfer
agent of the Funds. The Transfer Agent will maintain the records
of each shareowner's account, answer shareowner inquiries
concerning accounts, process purchases and redemptions of shares
of the Funds, act as dividend and disbursing agent and perform
other shareowner service functions. All references to the
Transfer Agent in the Prospectus and Statement of Additional
Information shall incorporate this change. The principal offices
of the Transfer Agent are located at 4400 Computer Drive,
Westborough, Massachusetts 01581. All correspondence regarding
the Funds should be sent to CT&T Funds, P.O. Box 5164,
Westborough, Massachusetts 01581.
Effective June 1, 1997, First Data Distributors, Inc. (the
"Underwriter") replaces FPS Broker Services, Inc. as underwriter
of the Funds' shares. All references to the Underwriter in the
Prospectus and Statement of Additional Information shall
incorporate this change. The principal offices of the Underwriter
are located at 4400 Computer Drive, Westborough, Massachusetts
01581.
Effective June 1, 1997, First Data Investor Services Group, Inc.
(the "Sub-Administrator") replaces FPS Services, Inc. as sub-
administrator of the Funds. The Chicago Trust Company ("Chicago
Trust") is the Funds' Administrator. For services provided as the
Funds' Administrator, Chicago Trust will receive the following
fees, which are paid in total to the Sub-Administrator:
Administration Fees Custody Liaison Fees
Fee (% of
Funds'
aggregate
daily net Average Daily Annual Fee Average Daily Net
assets) Net Assets (per Fund) Assets (per Fund)
0.060 up to $2 billion $10,000 up to $100 million
0.045 $2 billion to $15,000 $100 million to $500
$3.5 billion billion
0.040 over $3.5 billion $20,000 over $500 million
All references to the Sub-Administrator in the Prospectus and
Statement of Additional Information shall incorporate this change.
The principal offices of the Sub-Administrator are located at 53
State Street, Boston, Massachusetts 02109.
Effective June 1, 1997, Bankers Trust Company (the "Custodian")
replaces UMB Bank, n.a. as custodian of the Funds' assets. All
references to the Custodian in the Prospectus and Statement of
Additional Information shall incorporate this change. The
principal offices of the Custodian are located at 16 Wall Street,
New York, New York 10005.
Effective June 2, 1997, the current shareowner services number of
1-800-992-8151 will also serve as an automated shareowner account
information line which may be accessed by shareowners 24-hours a
day, seven days a week. This line will provide account balance
information, confirmation of recent transactions, daily net asset
values, yields and dividend information and exchanges between
Funds. Shareowners may continue to speak to a shareowner service
representative Monday through Friday between the hours of 9:00
a.m. and 7:00 p.m. Eastern Time by calling 1-800-992-8151.
May 23, 1997
CT&T FUNDS
Montag & Caldwell Growth Fund
(Class I Shares)
Supplement to Prospectus
Dated February 28, 1997
The following information revises the disclosure found in the
Prospectus for the Fund listed above:
Effective June 1, 1997, First Data Investor Services Group, Inc.
(the "Transfer Agent") replaces FPS Services, Inc. as transfer
agent of the Fund. The Transfer Agent will maintain the records
of each shareowner's account, answer shareowner inquiries
concerning accounts, process purchases and redemptions of shares
of the Fund, act as dividend and disbursing agent and perform
other shareowner service functions. All references to the
Transfer Agent in the Prospectus shall incorporate this change.
The principal offices of the Transfer Agent are located at 4400
Computer Drive, Westborough, Massachusetts 01581. All
correspondence regarding the Fund should be sent to CT&T Funds,
P.O. Box 5164, Westborough, Massachusetts 01581.
Effective June 1, 1997, First Data Distributors, Inc. (the
"Underwriter") replaces FPS Broker Services, Inc. as underwriter
of the Fund's shares. All references to the Underwriter in the
Prospectus shall incorporate this change. The principal offices
of the Underwriter are located at 4400 Computer Drive,
Westborough, Massachusetts 01581.
Effective June 1, 1997, First Data Investor Services Group, Inc.
(the "Sub-Administrator") replaces FPS Services, Inc. as sub-
administrator of the Fund. The Chicago Trust Company ("Chicago
Trust") is the Fund's Administrator. For services provided as the
Fund's Administrator, Chicago Trust will receive the following
fees, which are paid in total to the Sub-Administrator:
Administration Fees Custody Liaison Fees
Fee (% of
Funds'
aggregate
daily net Average Daily Average Daily Net
assets) Net Assets Annual Fee Assets
0.060 up to $2 billion $10,000 up to $100 million
0.045 $2 billion to $15,000 $100 million to $500
$3.5 billion billion
0.040 over $3.5 billion $20,000 over $500 million
All references to the Sub-Administrator in the Prospectus shall
incorporate this change. The principal offices of the Sub-
Administrator are located at 53 State Street, Boston,
Massachusetts 02109.
Effective June 1, 1997, Bankers Trust Company (the "Custodian")
replaces UMB Bank, n.a. as custodian of the Fund's assets. All
references to the Custodian in the Prospectus shall incorporate
this change. The principal offices of the Custodian are located
at 16 Wall Street, New York, New York 10005.
Effective June 2, 1997, the current shareowner services number of
1-800-992-8151 will also serve as an automated shareowner account
information line which may be accessed by shareowners 24-hours a
day, seven days a week. This line will provide account balance
information, confirmation of recent transactions, daily net asset
value, yields and dividend information. Shareowners may continue
to speak to a shareowner service representative Monday through
Friday between the hours of 9:00 a.m. and 7:00 p.m. Eastern Time
by calling 1-800-992-8151.
May 23, 1997
