February 17, 1999
THE UNIFIED FUNDS
SUPPLEMENT TO PROSPECTUS
DATED FEBRUARY 1, 1999
The Board of Trustees has determined to redeem all outstanding shares
of The Laidlaw Fund, effective March 31, 1999, because its small size has made
it impossible to manage its portfolio effectively. The Fund is no longer
pursuing its investment objective. All common stock in the Fund portfolio has
been sold, and the proceeds will be invested in money market instruments of the
types described under "Investment Objectives and Policies -- The Taxable Money
Market Fund" in the Prospectus. Any capital gains will be distributed as soon as
practicable to shareholders and reinvested in additional shares, unless you have
requested payment in cash. Prior to March 31, 1999 you may redeem your account,
including reinvested distributions, in accordance with "How to Redeem Shares" in
the Prospectus; or, if you want to ensure that the proceeds from your shares are
reinvested without interruption, you may request an exchange for any other
Unified Fund (see "Exchange Privilege" in the Prospectus). Please call the
Transfer Agent at 1-800-408-4682 for more information.
