<PAGE> 1
INVENTOR FUNDS, INC.
PRIME OBLIGATIONS MONEY MARKET FUND
TREASURY SECURITIES MONEY MARKET FUND
INTERMEDIATE GOVERNMENT SECURITIES FUND
GNMA SECURITIES FUND
EQUITY GROWTH FUND
PENNSYLVANIA TAX-EXEMPT MONEY MARKET FUND
PENNSYLVANIA MUNICIPAL BOND FUND
SUPPLEMENT DATED FEBRUARY 29, 1996 TO THE PROSPECTUSES DATED AUGUST 28, 1995.
This Supplement to the Prospectuses provides new and additional
information beyond that contained in the Prospectuses and should be read in
conjunction with the Prospectuses. This Supplement supersedes and replaces
any existing supplements to the Prospectuses.
On August 1, 1995, Integra Financial Corporation, the parent corporation
of Integra Trust Company ("Integra"), the investment adviser to Inventor
Funds, Inc. (the "Corporation"), agreed to merge (the "Merger") with National
City Corporation ("NCC"). Consummation of the Merger will result in the
automatic termination of (1) the investment advisory agreement under which
Integra provides investment advisory services to the Corporation and (2) the
investment sub-advisory agreements under which Wellington Management Company,
STI Capital Management, N.A. and Weiss, Peck & Greer, L.L.C. provide
investment sub-advisory services to the funds of the Corporation.
Shareholders of the Prime Obligations Money Market Fund, Treasury Securities
Money Market Fund, Intermediate Government Securities Fund, GNMA Securities
Fund and Equity Growth Fund were notified in the supplement dated November 13,
1995, effective October 30, 1995, that SunBank Capital Management, N.A., the
investment sub-adviser to the Equity Growth Fund changed its name to STI
Capital Management, N.A.
In anticipation of the completion of the Merger and to provide continuity
in investment advisory services to the Corporation, the Board of Directors
approved several changes for the Corporation. At a meeting held on February
12, 1996, the Board of Directors of the Corporation voted to recommend that
the shareholders of the Corporation approve new Investment Advisory and
Sub-Advisory Agreements. At a Special Meeting of Shareholders of the
Corporation expected to be held on May 2, 1996, shareholders of the
Corporation will be asked to approve a new investment advisory agreement
between the Corporation and National City Bank, a wholly-owned subsidiary of
National City Corporation. In addition, shareholders of the Prime Obligations
Money Market Fund, Treasury Securities Money Market Fund, GNMA Securities Fund
and Intermediate Government Securities Fund will be asked to approve a new
investment sub-advisory agreement with Wellington Management Company;
shareholders of the Equity Growth Fund will be asked to approve a new
investment sub-advisory agreement with STI Capital Management, N.A.; and
shareholders of the Pennsylvania Tax-Exempt Money Market Fund and Pennsylvania
Municipal Bond Fund will be asked to approve a new investment sub-advisory
agreement with Weiss, Peck & Greer, L.L.C.
Shareholders of the Corporation as of February 29, 1996 will receive
additional materials regarding the Special Shareholder Meeting.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
