BANKSOUTH SELECT BOND FUND
BANKSOUTH SELECT EQUITY FUND
BANKSOUTH SELECT GEORGIA TAX-FREE INCOME FUND
BANKSOUTH SELECT GOVERNMENT MONEY MARKET FUND
Banksouth select PRIME MONEY MARKET FUND
(portfolios of banksouth select funds)
for distribution with the prospectus in the state of arizona
Supplement to Prospectus dated January 7, 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."
February 3, 1994
FEDERATED SECURITIES CORP.
Distributor
4020404A
