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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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 QhBPKWfKdHXmjXGD4NFqVg==

<SEC-DOCUMENT>0000944696-02-000116.txt : 20020731
<SEC-HEADER>0000944696-02-000116.hdr.sgml : 20020731
<ACCEPTANCE-DATETIME>20020731123745
ACCESSION NUMBER:		0000944696-02-000116
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20020731

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RANSON MANAGED PORTFOLIOS
		CENTRAL INDEX KEY:			0000866841
		IRS NUMBER:				481084551
		STATE OF INCORPORATION:			KS
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-36324
		FILM NUMBER:		02715659

	BUSINESS ADDRESS:	
		STREET 1:		1 NORTH MAIN
		CITY:			MINOT
		STATE:			ND
		ZIP:			58703
		BUSINESS PHONE:		7018525292

	MAIL ADDRESS:	
		STREET 1:		1 NORTH MAIN
		CITY:			MINOT
		STATE:			ND
		ZIP:			58703
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>ranson497e73102.txt
<TEXT>
                     SUPPLEMENT DATED JULY 31, 2002
                 TO PROSPECTUS DATED NOVEMBER 30, 2001 FOR
       THE KANSAS MUNICIPAL FUND * THE KANSAS INSURED INTERMEDIATE FUND
            THE NEBRASKA MUNICIPAL FUND * THE OKLAHOMA MUNICIPAL FUND

I.    Last full paragraph on page 20 under Municipal Obligations is replaced
      with the following:

Each Fund (other than The Kansas Insured Intermediate Fund) has adopted a
fundamental policy that, under normal market conditions, at least 80% of the
Fund's assets will be invested in municipal securities that pay interest exempt
from both federal and the relevant state's income taxes.  These fundamental
policies may not be changed without shareholder approval.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----