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THE TIMOTHY PLAN.
SUPPLEMENT DATED SEPTEMBER 18, 1998
TO
PROSPECTUS DATED MAY 1, 1998
The Prospectus for the Timothy Plan Class A and Class
B Shares is hereby amended as follows:
Under the Section of the Prospectus entitled:
INVESTMENT OBJECTIVES AND POLICIES
The fourth paragraph of the Section is amended to state;
"The Fund seeks to achieve its investment objectives by investing primarily in
common stocks and ADRs, while foregoing investments in the Excluded Securities.
Awad & Associates (the "Investment Manager"), a division of Raymond James &
Associates, Inc., serves as sub-investment advisor to Timothy Partners, Ltd.
("TPL") and will select the investments for the Fund, but will not invest in
securities which TPL determines are Excluded Securities. TPL has instructed the
Investment Manager to avoid investment in any company directly involved in the
business of alcohol production, tobacco production, or casino gambling. In
addition, TPL will compile and maintain a list of companies that it determines,
by using information gathered from its own proprietary research in addition to
material published by a number of Christian ministries, participate directly or
indirectly in either pornography or abortion. TPL will use its best judgement in
determining which companies, through their corporate practices in either of
these two areas, need to be placed on the Excluded Securities list. TPL also
reserves the right to exercise its best judgement to exclude investment in other
companies whose corporate practices may not fall within the exclusions described
above, but nevertheless could be found offensive to basic Judeo Christian
Values.
The fifth paragraph of the Section, stating;
"The three Christian ministries that publish information that TPL will utilize
in identifying companies directly or indirectly involved in pornography or
abortion are as follows: (1) The American Family Association (to identify
companies engaged in pornography); (2) Pro Vita Advisors (to identify companies
that directly and indirectly participate in abortion); and (3) Life Decisions
International (to identify companies that indirectly support abortion causes
through corporate funding programs). TPL retains the right to change the
ministries whose information it reviews, at its discretion." , is deleted in its
entirety.
Under the Section of the Prospectus entitled;
MANAGEMENT OF THE FUND
INVESTMENT ADVISOR
The first paragraph of the Sub-Section is amended to state the following:
"Timothy Partners, Ltd. ("TPL") is a Florida limited partnership organized on
December 16, 1993. TPL supervises the investment of assets in accordance with
the objectives, policies and restrictions of the Fund. TPL approves the
portfolio of securities selected by the Investment Manager (See "Investment
Manager" below).
