497 1 sycuanclsstk.htm Sycuan Funds

Sycuan Funds


Sycuan Value Fund


Supplement dated January 4, 2010

To Prospectus dated January 30, 2009


On December 17, 2009, the Board of Trustees of Sycuan Funds (the “Trust”) determined, based primarily upon the recommendations of Sycuan Capital Management, Inc., the investment adviser to the Sycuan Value Fund (the "Fund"), to close the Fund and provide for its orderly dissolution.  Accordingly, the Trustees have authorized the officers of the Trust to take all appropriate actions necessary for the liquidation of the Fund on or about January 29, 2010.  Upon the date of liquidation, those shareholders remaining in the Fund will have their shares redeemed and the proceeds will be distributed as directed.  


As a result of these developments, the Fund is closed to new investors.  While undergoing an orderly liquidation, the Fund will invest in cash and cash equivalents and will not be pursuing its investment objective.


ANY SHAREHOLDERS WHO HAVE NOT REDEEMED THEIR SHARES OF THE FUND PRIOR TO JANUARY 29, 2010 WILL HAVE THEIR SHARES AUTOMATICALLY REDEEMED AS OF THAT DATE, AND PROCEEDS WILL BE SENT TO THE ADDRESS OF RECORD.  Prior to January 29, 2010, you may redeem your account, including reinvested distributions, in accordance with “Instructions For Selling Fund Shares” section in the Prospectus.  If you have questions or need assistance, please contact Mutual Shareholder Services, LLC at 1-888-899-8344.


IMPORTANT INFORMATION FOR RETIREMENT PLAN INVESTORS

If you are a retirement plan investor, you should consult your tax advisor regarding the consequences of a redemption of Fund shares.  If you receive a distribution from an Individual Retirement Account or a Simplified Employee Pension (SEP) IRA, you must roll the proceeds into another Individual Retirement Account within sixty (60) days of the date of the distribution in order to avoid having to include the distribution in your taxable income for the year.  If you receive a distribution from a 403(b)(7) Custodian Account (Tax-Sheltered account) or a Keogh Account, you must roll the distribution into a similar type of retirement plan within sixty (60) days in order to avoid disqualification of your plan and the severe tax consequences that it can bring.  If you are the trustee of a Qualified Retirement Plan, you may reinvest the money in any way permitted by the plan and trust agreement.



______________________________________


This supplement and the prospectus dated January 30, 2009 provide the

information an investor ought to know and should be retained for future reference.  A Statement of Additional Information has been filed with the Securities and Exchange Commission dated

January 30, 2009, which is incorporated herein by reference and can be obtained without charge by calling 1-888-899-8344.