March 27, 2000
PAUZE' TOMBSTONE FUND
SUPPLEMENT TO THE PROSPECTUS
DATED SEPTEMBER 1, 1999
The Board of Trustees has determined to redeem all outstanding shares of
the Pauze' Tombstone Fund(TM), effective April 24, 2000, because current market
conditions and the relatively small size of the Fund have made it difficult to
manage the Fund's portfolio effectively. No contingent deferred sales charge
(CDSC) will be charged. The Fund is no longer pursuing its investment objective.
All common stock in the Portfolio has been sold, and the proceeds have been
invested in short-term U.S. government instruments.
In addition, shares of the Fund are no longer available for purchase. As a
result:
o the Automatic Investment Plan has been terminated;
o any distributions of dividends or capital gains will be made in cash, not
reinvested in additional shares; and
o the Fund will no longer incur expenses pursuant to its Distribution Plan.
Shares continue to be redeemable, without any CDSC, in accordance with the
Prospectus. Please call the Transfer Agent at 1-800-327-7170 for more
information.
