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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,
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 7G9eIfB9N93vzhryofyWig==

<SEC-DOCUMENT>0000950152-96-006418.txt : 19961204
<SEC-HEADER>0000950152-96-006418.hdr.sgml : 19961204
ACCESSION NUMBER:		0000950152-96-006418
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19961203
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMSOUTH MUTUAL FUNDS
		CENTRAL INDEX KEY:			0000832544
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-21660
		FILM NUMBER:		96675483

	BUSINESS ADDRESS:	
		STREET 1:		3435 STELZER RD
		STREET 2:		STE 1000
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43219
		BUSINESS PHONE:		8004518382

	MAIL ADDRESS:	
		STREET 1:		1900 EAST DUBLIN GRANVILLE RD
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43229

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ASO OUTLOOK GROUP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>AMSOUTH MUTUAL FUNDS      497(E)
<TEXT>

<PAGE>   1
 
                              AMSOUTH MUTUAL FUNDS
 
                               MONEY MARKET FUNDS
 
                       SUPPLEMENT DATED NOVEMBER 30, 1996
                     TO PROSPECTUS DATED NOVEMBER 30, 1996
 
     Capitalized terms used in this Supplement have the meaning assigned to them
in the Prospectus.
 
     From December 2, 1996 through March 28, 1997 the Trust's Distributor, BISYS
Fund Services will conduct a promotion regarding the PCMA account offered by
AmSouth Bank of Alabama and its affiliates -- a product that involves the use of
the Classic Shares of the Trust's Money Market Funds as a cash sweep vehicle.
The promotion will be open only to authorized representatives of AmSouth
Investment Services, Inc. (member NASD). Awards will be based on number and
aggregate account balance of new PCMA accounts opened. Awards under the
promotion will consist of complementary travel to, and hotel accommodations at,
Ocean Key House, Key West Florida.
 
                INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE
                        PROSPECTUS FOR FUTURE REFERENCE
 
                                   ASOS113006
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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