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TIME HORIZON FUNDS
SUPPLEMENT DATED JANUARY 31, 1997
TO PROSPECTUS DATED NOVEMBER 1, 1996
Page 18 of the Prospectus is amended to reflect two additional exemptions
from the front-end sales load for Class A shares by adding the following under
the heading "When No Front-End Sales Load is Applied":
- any purchase of shares by eligible deferred compensation plans under
Section 457 of the Internal Revenue Code of 1986, as amended.
- Lucky Store Cardholders during periodic promotions under the Periodic
No-Load to Lucky Store Cardholders Program (the "Program"). (Initial
purchase only; a front-end sales load will apply to any other purchases
unless another no load exemption is available.) Promotional materials
will delineate the beginning and ending date during which shares of the
Fund may be purchased without a front-end sales load pursuant to the
Program.
TMH-0045
