JEFFERSON GROWTH AND INCOME FUND
THE JEFFERSON FUND GROUP TRUST
Supplement to the Statement of Additional Information
dated February 29, 1996
Trustees and Officers of the Fund
Effective September 17, 1996, Keith Pinsoneault has resigned
his positions as an officer and trustee of the Fund. The Board
of Trustees has elected Paul M. Dillon to replace Mr.
Pinsoneault as a trustee. Mr. Dillon has also been appointed
President and Treasurer of the Fund.
Mr. Dillon has served Rodman & Renshaw, Inc., the Fund's
Distributor, in various capacities since June 1989. Currently,
Mr. Dillon is a Managing Director of Rodman & Renshaw, Inc. Mr.
Dillon has been the President of Rodman Advisory Services, Inc.
and Rodman Futures Management, Inc. since August, 1995. Mr.
Dillon has also been President of Rodman & Renshaw Futures, Inc.
since August, 1996. All three companies are affiliates of the
Fund's Distributor. From 1986 until 1989, Mr. Dillon was part
of Ernst & Young's Financial Services Group. Mr. Dillon is a
certified public accountant and, in 1992, he received an MBA in
finance and policy from the University of Chicago.
The date of this Supplement is October 10, 1996
