PEACHTREE GEORGIA TAX-FREE INCOME FUND
(A PORTFOLIO OF PEACHTREE FUNDS)
Supplement to Prospectus dated February 28, 1994
A.Any inquiries, purchases, redemptions or exchanges should be directed to
Peachtree Funds Service Center, MC 684, P.O. Box 4387, Atlanta,
Georgia 30302, or telephone 1-404-989-6200 or 1-800-621-
8969.
B.Please delete the third sentence under the section entitled "Management of
the Trust - Adviser's Background" on page 7 and replace it with the
following:
"The principal executive offices of the Adviser
are located at 3350 Cumberland Circle, Atlanta,
GA 30339."
C.Please delete the second sentence under the section entitled "Investing in
the Fund-By Telephone" on page 10 and replace with the following:
" Texas residents must purchase shares of the
Fund through Bank South Securities Corporation at
1-404-989-6181 or 1-800-621-8967."
D.Please delete the third and fourth sentences under the section entitled
"Investing in the Fund - Sales Charge Reallowance" on page 12 and replace
them with the following:
"However, the Distributor will, periodically,
uniformly offer to pay additional amounts in the
form of cash or promotional incentives consisting
of trips to sales seminars at luxury resorts,
tickets or other items, to all dealers selling
shares of the Fund. Such payments, all or a
portion of which may be paid from the sales
charge the Distributor normally retains or any
other source available to it, will be predicated
upon the amount of shares of the Fund that are
sold by the dealer."
E.Please delete the last sentence under the section entitled "Redeeming
Shares-By Mail" on page 16 and replace with the following:
"Shareholders should call the Peachtree Funds
Service Center at 1-404-989-6200 or 1-800-621-
8969 for assistance in redeeming shares by mail."
F.Please delete the Investment Adviser's address under the section entitled
"Addresses" on the inside back cover and replace with the following:
"3350 Cumberland Circle, Atlanta, GA 30339"
May 30, 1994
FEDERATED SECURITIES CORP.
Distributor
G00221-05(5/94)
