Filed Pursuant to Rule 497(e) under the Securities Act of 1933.
Registration No. 33-73248
The Timothy Plan
RETAIL CLASS
Supplement dated July 1, 1997
to the Prospectus and Statement of Additional Information
dated April 29, 1997
Underwriter
Timothy Partners, Ltd. ("TPL"), 1304 West Fairbanks Avenue, Winter
Park, Florida was engaged pursuant to an agreement effective July 1,
1997 to act as underwriter for The Timothy Plan (the "Fund").
The purpose of acting as underwriter is to facilitate the registration
of shares of the Fund under State securities laws and to assist in
the sale of shares. TPL also acts as investment advisor for the Fund.
TPL is not compensated for providing underwriting services.
Revised Distribution Plan
On January 31, 1997, the Fund's Retail Class shareholders of record
at the close of business on November 14, 1996 voted to revise the 12b-1
Distribution Plan for the Retail Class in connection with the
implementation of a contingent deferred sales charge (CDSC) subject
to TPL's ability to obtain financing for brokerage commissions paid
up front by the Fund to broker/dealers who sell Retail Class shares.
TPL anticipates that such financing will be secured and the CDSC
will be implemented in the near future.
Once the CDSC is implemented, Retail Class shares will be sold without
the imposition of a sales load; instead a CDSC will be imposed at the
time of redemption for redemptions made within five years of the initial
purchase date. The amount of the CDSC, if any, varies depending on the
number of years between the time of payment for the purchase of Retail
Class shares and the time of redemption of such shares.
The CDSC will be imposed at the following declining rates:
Within First Year. . . . . . . . . . . . . . 5.0%
Within Second Year . . . . . . . . . . . 4.0%
Within Third Year. . . . . . . . . . . . . . 3.0%
Within Fourth Year . . . . . . . . . . . 2.0%
Within Fifth Year. . . . . . . . . . . . 1.0%
Sixth and thereafter . . . . . None<PAGE>
Filed Pursuant to Rule
497(e) under the
Securities Act of 1933.
Registration No. 73248
The Timothy Plan
INSTITUTIONAL CLASS
Supplement dated July 1, 1997
to the Prospectus and Statement of Additional Information
dated April 29, 1997
Underwriter
Timothy Partners, Ltd. ("TPL"), 1304 West Fairbanks Avenue,
Winter Park, Florida was engaged pursuant to an agreement
effective July 1, 1997 to act as underwriter for The Timothy
Plan (the "Fund"). The purpose of acting as underwriter is to
facilitate the registration of shares of the Fund under State
securities laws and to assist in the sale of shares. TPL also
acts as investment advisor for the Fund. TPL is not compensated
for providing underwriting services.<PAGE>
FPS SERVICES, INC.
3200 Horizon Drive
King of Prussua, PA 19406
June 30, 1997
Securities and Exchange Commission
Judiciary Plaza
Public Filing Desk
450 Fifth Street, NW
Washington, DC 20549
Re: The Timothy Plan (the "Registrant")
File No.: 33-73248
To the Staff of the Commission:
Pursuant to Rule 497(e) under the Securities Act of 1933, as
amended, enclosed for filing on behalf of the Registrant is the
EDGAR transmission of the Supplement to the Prosectuses on
behalf of the Retail Class and Institutional Class and
Statement of Additional Information dated April 29, 1997, as
supplemented July 1, 1997.
The purpose of this filing is to disclose to shareholders that
effective July 1, 1997 Timothy Partners, Ltd. will serve as
underwriter to the Registrant pursuant to a new underwriting
agreement among the Registrant and Timothy Partners, Ltd. The
purpose of this filing is to also disclose to Retail Class
shareholders that on January 31, 1997 shareholders of record on
November 14, 1995 voted to revise the Retail Class' 12b-1
Distribution Plan and that the revision will be implemented
upon Timothy Partners, Ltd. obtaining financing for a
contingent deferred sales charge.
Should you have any questions, comments or require further
information, I can be reached directly at (610) 239-4754.
Thank you for your continued courtesy and cooperation.
Sincerely,
/s/Gretchen B. Zepernick
Corporate Compliance Administrator
