TRANS ADVISER FUNDS INC
497, 1996-06-25
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                                                       Registration No. 33-94412
                                                                     Rule 497(e)


                            SUPPLEMENT DATED JUNE 21,
                          1996 TO THE PROSPECTUS DATED
                               MARCH 29, 1996, AS
                         SUPPLEMENTED APRIL 3, 1996, OF
                            TRANS ADVISER FUNDS, INC.




Effective June 20, 1996,  Marshall Cox is the portfolio  manager of the Kentucky
Tax-Free  Fund.  Mr. Cox also  manages the Money  Market and  Intermediate  Bond
Funds.  Mr. Cox joined Trans Financial Trust and Investment  Services as Manager
of Taxable Fixed Income  Investments  in  September,  1995.  Previously,  he was
Director of Fixed Income at Bradford Investment Management.



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