PEACHTREE GEORGIA TAX-FREE INCOME FUND
(A PORTFOLIO OF PEACHTREE FUNDS)
Supplement to Prospectus dated November 30, 1994
The Fund will implement a special offering period during which
shares of the Fund may be purchased at net asset value, without
a sales load. This offering period will be effective from March
27, 1995 through July 31, 1995. The following sections in the
prospectus should be noted in regard to this offering only for
the aforementioned time period: "Summary of Fund Expenses"; "What
Shares Cost"; and "Reducing the Sales Load."
March 24, 1995
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
70467H507
007718(3/95)
