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Gradison McDonald Municipal Custodian Trust – ‘497’ on 4/26/96

As of:  Friday, 4/26/96   ·   Accession #:  888850-96-7   ·   File #:  33-48613

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  As Of                Filer                Filing    For·On·As Docs:Size

 4/26/96  Gradison McDonald Muni Custod… Tr 497                    1:4K

Definitive Material   —   Rule 497
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 497         Definitive Material                                    2±     7K 



SUPPLEMENT DATED APRIL 29, 1996 TO PROSPECTUS DATED NOVEMBER 1, 1995 OF THE GRADISON-MCDONALD OHIO TAX-FREE INCOME FUND The following is added to become the last sentence of the third paragraph on page 6. With respect to a maximum of 5% of its total assets, the Fund may engage in short-term trading. SUPPLEMENT DATED APRIL 29, 1996 TO PROSPECTUS DATED NOVEMBER 1, 1995 OF THE GRADISON-MCDONALD INTERMEDIATE MUNICIPAL INCOME FUND The following is added to become the last sentence of the carryover paragraph on page 7. With respect to a maximum of 5% of its total assets, the Fund may engage in short-term trading. SUPPLEMENT DATED APRIL 29, 1996 TO STATEMENT OF ADDITIONAL INFORMATION DATED NOVEMBER 1, 1995 OF THE GRADISON-MCDONALD OHIO TAX-FREE INCOME FUND The first sentence of the first full paragraph on page 30 is replaced by the following: Although the Fund does not generally intend to invest for the purpose of seeking short-term profits, except as set forth herein, securities in its portfolio may be sold whenever the Adviser believes it appropriate to do so in light of the Fund's investment objective, without regard to the length of time a particular security may have been held. With respect to a maximum of 5% of its assets, the Fund may engage in the technique of short-term trading. Such trading involves the selling of securities held for a short time, ranging from several months to less than a day. The object of such short-term trading is to take advantage of what the Adviser believes are temporary disparities in prices between securities, or to take advantage of what the Adviser believes are changes in market, industry, or individual issuer's conditions or outlook. Any such trading would increase the Fund's turnover rate and its transactions costs. High turnover will generally result in higher transaction costs and may result in net capital gains which, when distributed to shareholders will be subject to tax. SUPPLEMENT DATED APRIL 29, 1996 TO STATEMENT OF ADDITIONAL INFORMATION DATED NOVEMBER 1, 1995 OF THE GRADISON-MCDONALD INTERMEDIATE MUNICIPAL INCOME FUND The following is added after the first full paragraph on page 28: With respect to a maximum of 5% of its assets, the Fund may engage in the technique of short-term trading. Such trading involves the selling of securities held for a short time, ranging from several months to less than a day. The object of such short-term trading is to take advantage of what the Adviser believes are temporary disparities in prices between securities, or to take advantage of what the Adviser believes are changes in market, industry, or individual issuer's conditions or outlook. Any such trading would increase the Fund's turnover rate and its transactions costs. High turnover will generally result in higher transaction costs and may result in net capital gains which, when distributed to shareholders will be subject to tax.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘497’ Filing    Date    Other Filings
4/29/96
Filed on:4/26/96
11/1/95497J
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Filing Submission 0000888850-96-000007   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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