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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UqfkmduA89/xXwAQS1IkZqXH/v5uGinfmDGsjKGrfcM9UK1JD9fDltrQFTEmoDRz
 PlKRrOLjk6puOLeQd/jPKA==

<SEC-DOCUMENT>0001000579-97-000015.txt : 19971016
<SEC-HEADER>0001000579-97-000015.hdr.sgml : 19971016
ACCESSION NUMBER:		0001000579-97-000015
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19971015
SROS:			NONE

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:	811-09096
		FILM NUMBER:		97696217

	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>NEWCAP NAME CHANGE
<TEXT>

                     NEWCAP CONTRARIAN FUND
                        (FORMERLY MAXIM CONTRARIAN FUND)
                        SUPPLEMENT DATED OCTOBER 15, 1997
                                       TO
                       PROSPECTUS DATED DECEMBER 24, 1996


         Effective September 26, 1997, the name of the MAXIM Contrarian Fund was
changed  to the NewCap  Contrarian  Fund.  In  addition,  the  Fund's  toll free
telephone number for information and shareholder  services and requests has been
changed to 1-800-466-7678, and the address of American Data Services, the Fund's
transfer  agent,  has  been  changed  to P.O.  Box  5536,  Hauppauge,  New  York
11788-0132.

         The following  should be read in  conjunction  with the section  titled
"How to  Invest  in the  Fund" on page 4 of the  Prospectus  and "How to  Redeem
Shares" on page 6 of the Prospectus:

        Investors choosing to purchase or redeem their shares
        through a securities  dealer or broker/dealer may be charged a
        fee by that  institution.  Investors  choosing  to purchase or
        redeem shares directly from the Fund will not incur charges on
        purchases or redemptions.


ASA02CDE-100897-2
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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