Filed Pursuant to
Rule 497(e) under the
Securities Act of 1933
Registration No. 33-81574
MILESTONE FUNDS
Treasury Obligations Portfolio
Amendment dated May 1, 1996
to the Prospectus and Statement of
Additional Information dated
February 23, 1996
UNDERWRITER
Effective May 1, 1996, Midwest Group Financial Services, Inc., P.O. Box 5354,
Cincinnati, Ohio 45201-5354, replaces Fund/Plan Broker Services, P.O. Box 874,
#2 Elm Street, Conshohocken, Pennsylvania 19428, as the underwriter for the
Fund.
TRANFER AGENT
Effective May 1, 1996, MGF Service Corp., P.O. Box 5354, Cincinnati, Ohio
45201-5354, replaces Fund/Plan Broker Services, P.O. Box 874, #2 Elm Street,
Conshohocken, Pennsylvania 19428, as the transfer agent for the Fund.
ADDITIONAL CLASS OF SHARES
At a future date, Service Shares of the Treasury Obligations Portfolio will be
available by separate prospectus. At this time, please ignore reference to such
Service Shares on pages 2 and 14 of the Fund's Prospectus.
