THE HAVEN FUND
SUPPLEMENT
to the
Prospectus
dated February 7, 1997
Investors in The Haven Fund (the "Fund") may be charged a fee if they effect
transactions in shares of the Fund through a broker, agent or other financial
institution. Any such charges are not reflected in the Shareholder and Fund
Expenses table on page two of the Prospectus. Investors should read the
materials provided by their broker, agent or other financial institution
(including information relating to fees) in addition to the Fund's
Prospectus.
The date of this Supplement is July 21, 1997.
THE HAVEN FUND
SUPPLEMENT
to the
Statement of Additional Information
dated February 7, 1997
As noted on page 25 of the Statement of Additional Information, the Trustees of
The Haven Capital Management Trust have reserved the right to redeem shares of
The Haven Fund (the "Fund") with in-kind payments (rather than cash payments)
when a shareholder elects to redeem shares in-kind and when, in the Trustees'
judgment and in light of their fiduciary duties to all shareholders, the overall
interests of the Fund's shareholders would not be harmed. Notwithstanding the
foregoing, the Fund will nevertheless pay in cash all requests for redemption by
any shareholder of record, limited in amount with respect to each shareholder
during the ninety-day period to the lesser of (i) $250,000 and (ii) one percent
of the net asset value of the Fund at the beginning of such period.
The date of this Supplement is July 21, 1997.
