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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 XgTcTg07KAEzSp7tyHQ9DA==

<SEC-DOCUMENT>0000789289-96-000030.txt : 19960723
<SEC-HEADER>0000789289-96-000030.hdr.sgml : 19960723
ACCESSION NUMBER:		0000789289-96-000030
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19960719
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLANCHARD FUNDS
		CENTRAL INDEX KEY:			0000789289
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133333918
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-03165
		FILM NUMBER:		96596546

	BUSINESS ADDRESS:	
		STREET 1:		41 MADSON AVE 24TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010
		BUSINESS PHONE:		2127797979

	MAIL ADDRESS:	
		STREET 1:		41 MADISON AVENUE 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLANCHARD STRATEGIC GROWTH FUND
		DATE OF NAME CHANGE:	19901225
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<TEXT>


BLANCHARD GROUP OF FUNDS
Blanchard Global Growth Fund
Blanchard Precious Metals Fund, Inc.
Blanchard Flexible Income Fund
Blanchard Short-Term Flexible Income Fund
Blanchard Flexible Tax-Free Bond Fund
Blanchard Worldwide Emerging Markets Fund


SUPPLEMENT TO PROSPECTUS DATED AUGUST 7, 1995
On June 21, 1996, shareholders of Blanchard American Equity Fund approved
an agreement and plan of reorganization pursuant to which The Style
Manager: Large Cap Fund, a portfolio of The Virtus Funds, acquired all of
Blanchard American Equity Fund's assets in exchange for Investment Shares
of The Style Manager: Large Cap Fund.  Accordingly, all references to
Blanchard American Equity Fund should be deleted.

                                                              July 19, 1996


     Federated Investors
     Federated Investors Tower
     Pittsburgh, PA  15222-3779

    Federated Securities Corp. is the distributor of the Funds
    and is a subsidiary of Federated Investors.
    (2056)
    Cusip 093265106
    Cusip 093254100
    Cusip 093212306
    Cusip 093212405
    Cusip 093212603
    Cusip 093212702
    G01687-10 (7/96)

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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