-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JfAJQp6RGqJ81kDWwmaI7+1UebU23nTRaHVej5QwJ1VCWbGi1WmglafA2p+5R4oY
 UwozidhlqrzydTv+hr133w==

<SEC-DOCUMENT>0001021408-00-001610.txt : 20000505
<SEC-HEADER>0001021408-00-001610.hdr.sgml : 20000505
ACCESSION NUMBER:		0001021408-00-001610
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000504

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORTH AMERICAN FUNDS
		CENTRAL INDEX KEY:			0000848103
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-27958
		FILM NUMBER:		619004

	BUSINESS ADDRESS:	
		STREET 1:		CYPRESS TREE INVESTMENTS
		STREET 2:		286 CONGRESS ST
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210
		BUSINESS PHONE:		6172104520

	MAIL ADDRESS:	
		STREET 1:		CYPRESS TREE INVESTMENTS
		STREET 2:		286 CONGRESS ST
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NORTH AMERICAN SECURITY TRUST
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>FORM 497 PROSPECTUS SUPPLEMENT
<TEXT>

<PAGE>

               SUPPLEMENT TO PROSPECTUS FOR NORTH AMERICAN FUNDS
                             Dated March 27, 2000


     Reorganization of the Tax-Sensitive Equity Fund and the Equity-Income Fund.
The Trustees of North American Funds have approved, and have recommended
shareholder approval of, the merger of each of the Tax-Sensitive Equity Fund and
the Equity-Income Fund (the "Merging Funds") into the Growth & Income Fund.
Prospectus/Proxy materials soliciting shareholder approval of the mergers were
mailed on or about April 15, 2000 to the Merging Funds' shareholders of record
as April 7, 2000.  If shareholders approve each of the mergers, the Merging
Funds would be reorganized into the Growth & Income Fund later this summer.
Information regarding the Growth & Income Fund begins on page page 9 of this
Prospectus.


0500:91415                              May 3, 2000
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----