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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 GO58uzvBgU+VIsy+65tyzyrFXzdoRdavz9X2caMxHsyj5AVPzUycIrp05wvxZs7D
 xqK2j320IBzMYefET0CXCw==

<SEC-DOCUMENT>0001000579-00-000011.txt : 20000203
<SEC-HEADER>0001000579-00-000011.hdr.sgml : 20000203
ACCESSION NUMBER:		0001000579-00-000011
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000126

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERIPRIME FUNDS
		CENTRAL INDEX KEY:			0001000579
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				752616671
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-96826
		FILM NUMBER:		513878

	BUSINESS ADDRESS:	
		STREET 1:		1793 KINGSWOOD DR
		STREET 2:		STE 200
		CITY:			SOUTHLAKE
		STATE:			TX
		ZIP:			76092
		BUSINESS PHONE:		8174311297

	MAIL ADDRESS:	
		STREET 1:		1793 KINGSWOOD DRIVE
		STREET 2:		SUITE 200
		CITY:			SOUTHLAKE
		STATE:			TX
		ZIP:			76092
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>MARATHON SUPPLEMENT TO THE PROSPECTUS
<TEXT>

                                                                JANUARY 26, 2000

                               MARATHON VALUE FUND

                          SUPPLEMENT TO THE PROSPECTUS

                             DATED FEBRUARY 14, 1999

The Board of Trustees has  determined  to redeem all  outstanding  shares of the
Marathon  Value Fund,  effective  February 15, 2000,  because its small size has
made it difficult  to manage its  portfolio  effectively.  The Fund is no longer
pursuing its  investment  objective.  All common stock in the Fund portfolio has
been sold, and the proceeds will be invested in money market  instruments of the
types  described under  "Investment  Objectives and Policies" in the Prospectus.
Any capital gains will be distributed as soon as practicable to shareholders and
reinvested  in additional  shares,  unless you have  requested  payment in cash.
Prior to February  15, 2000 you may redeem your  account,  including  reinvested
distributions,  in  accordance  with "How to Redeem  Shares" in the  Prospectus.
Please call the Transfer Agent at 1-800-788-6086 for more information.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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