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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001004402-99-000137.txt : 19990225
<SEC-HEADER>0001004402-99-000137.hdr.sgml : 19990225
ACCESSION NUMBER:		0001004402-99-000137
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19990224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CUTLER TRUST
		CENTRAL INDEX KEY:			0000892568
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-52850
		FILM NUMBER:		99548826

	BUSINESS ADDRESS:	
		STREET 1:		TWO PORTLAND SQUARE
		STREET 2:		C/O FORUM FINANCIAL SERVICES INC
		CITY:			PORTLAND
		STATE:			ME
		ZIP:			04101
		BUSINESS PHONE:		2078791900

	MAIL ADDRESS:	
		STREET 1:		TWO PORTLAND SQUARE
		CITY:			PORTLAND
		STATE:			ME
		ZIP:			04101
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>497(E)
<TEXT>


                                THE CUTLER TRUST

                            CUTLER EQUITY INCOME FUND
                        CUTLER APPROVED LIST EQUITY FUND

                      Supplement Dated February 24, 1999 to
                        Prospectus Dated October 30, 1998

     Page 7 of the  Prospectus  is  amended  by  deleting  the  fifth  and sixth
paragraphs and replacing them with the following:

     Mr. Kenneth R. Cutler, Portfolio Manager for the Cutler Equity Income Fund,
     entered  the  investment  business  in 1945;  between  1953 and 1962 he was
     principal  operating and  investment  officer of two mutual funds;  between
     1962 and 1977 he held  various  investment  positions;  in 1977 he  founded
     Cutler & Company, LLC. Mr. Cutler is the Chairman and Vice President of the
     Trust.

     Mr. Robert W. Lamberti, CFA, Portfolio Manager for the Cutler Approved List
     Equity Fund,  received his B.S. from Purdue  University  and his M.B.A.  in
     Finance from Temple University in 1995. From 1993 to 1995, Mr. Lamberti was
     an Economic  Analyst and  Treasury  Analyst for the Rohm and Haas  Company.
     From 1995 to 1997,  Mr.  Lamberti  was a Senior  Financial  Analyst  in the
     Emulsion Polymers Division at Air Products and Chemicals, Inc. From 1997 to
     April,  1998, he was a Senior  Analyst at Value Research  Corporation.  Mr.
     Lamberti joined Cutler & Company,  LLC as an assistant Portfolio Manager in
     April, 1998.


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