Peachtree BOND FUND
Peachtree EQUITY FUND
Peachtree GEORGIA TAX-FREE INCOME FUND
Peachtree GOVERNMENT MONEY MARKET FUND
Peachtree PRIME MONEY MARKET FUND
(portfolios of Peachtree funds)
for distribution with the prospectus in the state of arizona
Supplement to Prospectus dated February 28, 1994
Please insert the following language as the fourth paragraph on the cover page
of the prospectus:
"Bank South, N.A., the Fund's investment adviser, has no previous
experience managing mutual funds. However, Bank South, N.A. has
managed discretionary assets for its customers since 1931."
March 7, 1994
FEDERATED SECURITIES CORP.
Distributor
4020404A(3/94)
