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Supplement dated August 7, 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. 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.
