FundManager Trust
AGGRESSIVE GROWTH PORTFOLIO
NO-LOAD CLASS
FINANCIAL ADVISER CLASS
GROWTH PORTFOLIO
NO-LOAD CLASS
FINANCIAL ADVISER CLASS
GROWTH & INCOME PORTFOLIO
NO-LOAD CLASS
FINANCIAL ADVISER CLASS
BOND PORTFOLIO
NO-LOAD CLASS
FINANCIAL ADVISER CLASS
MANAGED TOTAL RETURN PORTFOLIO
FINANCIAL ADVISER CLASS
SUPPLEMENT TO THE NO-LOAD CLASS PROSPECTUS DATED OCTOBER 1, 1995, AND THE
FINANCIAL ADVISER CLASS PROSPECTUS DATED JANUARY 29, 1996, EACH AS
SUPPLEMENTED ON APRIL 5, 1996, AND OCTOBER 18, 1996.
Effective November 11, 1996, Edgewood Services, Inc. (`Edgewood'')
replaced Signature Broker-Dealer Services, Inc. (`Signature'') to become
one of four co-distributors for the above portfolios of FundManager Trust
(the `Funds''). Edgewood, a registered broker/dealer, is a New York
corporation with principal offices at Clearing Operations, P.O. Box 897,
Pittsburgh, PA 15230-0897. Edgewood is a subsidiary of Federated Investors.
The other co-distributors for the Funds are Freedom Distributors
Corporation (effective October 3, 1996), Tucker Anthony Incorporated, and
Sutro & Co. Incorporated.
Also effective November 11, 1996, Federated Administrative Services
(`FAS''), a subsidiary of Federated Investors and an affiliate of
Edgewood, will replace Signature as the Funds' administrator.
FAS provides the Funds with certain administrative personnel and services
necessary to operate the Funds, such as certain legal and accounting
services. FAS provides these at an annual rate as specified below:
MAXIMUM
ADMINISTRATIVE AVERAGE AGGREGATE
Fee Daily Net Assets
.150% on the first $250 million
.125% on the next $250 million
.100% on the next $250 million
.075% on assets in excess of $750 million
The administrative fee received during any fiscal year shall be at least
$75,000 per portfolio and $35,000 per each additional class of shares. FAS
may choose voluntarily to waive a portion of its fee or minimums from time
to time in its sole discretion.
Accordingly, references throughout the prospectuses and to Signature should
be replaced with references to Edgewood and FAS as appropriate.
November 11, 1996
FEDERATED INVESTORS
Federated Investors Tower
Pittsburgh, PA 15222-3779
Edgewood Services, Inc. is a distributor of the Funds
and is a subsidiary of Federated Investors.
Cusip 360850808
360850101
360850705
360850200
360850804
360850309
360850887
360850408
360850507
014505 (11/96)
