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Supplement dated August 20, 1998 to Prospectus
of The DLB Fund Group dated April 30, 1998
The following supplements the "Distributions" section on page 20 of the
Prospectus:
The Fixed Income Fund's policy is to declare and pay distributions of
its net investment income monthly. The policy of each Fund other than the Fixed
Income Fund is to declare and pay distributions of its net investment income at
least annually.
The following supplements the "Management of the Trust" section on pages 22 and
23 of the Prospectus:
Effective August 1998, Dennis J. Scannell, a Vice President of the
Manager, is primarily responsible for the day-to-day management of the Mid Cap
Fund and the domestic component of the Global Small Cap Fund. Messrs. Burns and
Wright continue to be primarily responsible for the day-to-day management of the
international component of the Global Small Cap Fund. Mr. Scannell has been
employed by the Manager in portfolio management since 1993. Prior to being
employed by the Manager, Mr. Scannell was employed by Greenwich Associates, Inc.
