IBJ FUNDS TRUST
497, 1996-10-02
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                                IBJ FUNDS TRUST

                        SUPPLEMENT DATED OCTOBER 2, 1996
                              TO PROSPECTUS DATED
                                 MARCH 27, 1996

     The  following  Supplement  is  provided  to update  and  should be read in
conjunction with the information provided in the Prospectus.

     At its September  12, 1996 meeting,  the Board of Trustees of the IBJ Funds
Trust  approved,  as  successor  Administrator  to Furman  Selz LLC,  BISYS Fund
Services Limited  Partnership  d/b/a BISYS Fund Services.  The Board of Trustees
also approved,  as successor  Transfer Agent and Accounting Agent to Furman Selz
LLC,  BISYS  Fund  Services,   Inc.  In  addition,  the  Board  approved  a  new
Distribution  Agreement with IBJ Funds  Distributor,  Inc., which will become an
affiliate  of each  BISYS  entity  at the  time  of  conversion.  BISYS  and its
affiliates  have  their  principal  places of  business  at 3435  Stelzer  Road,
Columbus, Ohio 43219. BISYS and its affiliates will perform the same services as
each predecessor at an identical fee. The conversion is expected to occur during
the last quarter of 1996.



ibjsupp





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