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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000811239-01-000002.txt : 20010123
<SEC-HEADER>0000811239-01-000002.hdr.sgml : 20010123
ACCESSION NUMBER:		0000811239-01-000002
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20010110

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHURCHILL TAX FREE TRUST
		CENTRAL INDEX KEY:			0000812006
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-13021
		FILM NUMBER:		1505481

	BUSINESS ADDRESS:	
		STREET 1:		380 MADISON AVE
		STREET 2:		SUITE 2300
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2126976666

	MAIL ADDRESS:	
		STREET 1:		380 MADISON AVENUE
		STREET 2:		SUITE 2300
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHURCHILL TAX FREE FUND OF KENTUCKY
		DATE OF NAME CHANGE:	19880911
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>0001.txt
<TEXT>

               Churchill Tax-Free Fund of Kentucky
      Supplement to the Statement of Additional Information
                        Dated May 1, 2000
              previously supplemented June 26, 2000

     The material under the heading "When-Issued and Delayed
Delivery Obligations" is replaced by the following:

When-Issued and Delayed Delivery Obligations

     The Fund may buy Kentucky Obligations on a when-issued or
delayed delivery basis. The purchase price and the interest rate
payable on the Kentucky Obligations are fixed on the transaction
date. At the time the Fund makes the commitment to purchase Kentucky
Obligations on a when-issued or delayed delivery basis, it will
record the transaction and thereafter reflect the value each day of
such Kentucky Obligations in determining its net asset value. The
Fund will make commitments for such when-issued transactions only
when it has the intention of actually acquiring the Kentucky
Obligations.

                 The date of this Supplement is
                        January 10, 2001


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