Filing pursuant to Rule 497(e)for The Hirtle Callaghan Trust
1933 Act File No. 33-87762
1940 Act File No. 811-8918
Supplement to Statement of Additional Information dated May 20, 1996 for The
Hirtle Callaghan Trust
Westfield Capital Management, Inc. ("Westfield") currently serves as an
Investment Manager of The Growth Equity Portfolio of The Hirtle Callaghan
Trust. On August 13, 1997, Westfield announced that it had entered into an
agreement with Boston Private Investment Management, Inc. ("BPIM") pursuant to
which BPIM will acquire Westfield, subject to certain conditions
("Acquisition"). Following the Acquisition, Westfield will continue to operate
as a separate business unit and is expected to retain its name, headquarters,
management and portfolio managers. BPIM is a subsidiary of Private Bancorp,
Inc., a bank holding company whose shares are publicly traded.
The date of this Supplement is August 20, 1997
