Supplement Dated February 20, 1998
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to Prospectus Dated August 29, 1997
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Pauze' U.S. Government Total Return Bond Fund(TM)
Pauze' U.S. Government Intermediate Term Bond Fund(TM)
Pauze' U.S. Government Short Term Bond Fund(TM)
Effective January 30, 1998, Mr. David D. Jones resigned as Portfolio
Manager for the Pauze' U.S. Government Intermediate Term Bond Fund(TM) and the
Pauze' Government Short Term Bond Fund(TM). Also effective January 30, 1998, Mr.
Jones resigned as Assistant Portfolio Manager for the Pauze' U.S. Government
Total Return Bond Fund(TM). Mr. Philip C. Pauze' remains as Portfolio Manager
for the Pauze' U.S. Government Total Return Bond Fund(TM) and succeeds Mr. Jones
as Portfolio Manager for the Pauze U.S. Government Intermediate Term Bond
Fund(TM) and the Pauze' U.S. Government Short Term Bond Fund(TM).
