1838 INVESTMENT ADVISORS FUNDS
Supplement To The Prospectus Dated February 28, 2000
At a meeting held on March 20, 2000, the Board of Trustees of
1838 Investment Advisors Funds (the "Trust") unanimously approved the
termination of the 1838 Small Cap Equity Fund (the "Small Cap Fund") upon the
redemption of all outstanding shares of the Small Cap Fund. As of the close of
business on March 30, 2000, all shareholders of the Small Cap Fund had redeemed
all of their Fund shares, and the Fund's assets were liquidated and distributed
to the shareholders. The details of the Small Cap Fund's liquidation and
termination will be set forth in the Trust's next semi-annual report to
shareholders, to be issued in June 2000. Inquiries may be directed to the
Trust's transfer agent toll free at (877) 367-1838.
The date of this Prospectus Supplement is March 31, 2000.
