PACIFIC CAPITAL FUNDS

SMALL CAP FUND

Supplement dated June 8, 2009
to the Prospectuses
dated November 28, 2008

Effective June 8, 2009, Mammen Chally will replace David Elliott as portfolio manager of the portion of the Small Cap Fund managed by Wellington Management Company, LLP (“Wellington Management”) and James Rullo will replace Mammen Chally as back-up portfolio manager.

Mr. Chally, CFA, Vice President and Equity Portfolio Manager, works in Wellington Management’s Quantitative Investment Group as a member of the portfolio management team for the firm’s intersection and quantitative portfolios and manages portfolios focusing on US equities. Mr. Chally joined Wellington Management in 1994 and has been an investment professional since 1996.

Mr. Rullo, CFA, Senior Vice President, Partner and Director of Wellington Management’s Quantitative Investment Group, is responsible for quantitative portfolio management and research, and equity derivative portfolio management and strategy. He and his group manage portfolios in a wide range of styles including global, sector-specific, and small, medium, and large cap US equity, growth and value, and long-short. Mr. Rullo joined Wellington Management in 1994 and has been an investment professional since 1987.

Please retain this supplement for future reference

PACIFIC CAPITAL FUNDS

SMALL CAP FUND

Supplement dated June 8, 2009
to the Statement of Additional Information
dated November 28, 2008

Effective June 8, 2009, Mammen Chally, CFA, Vice President and Equity Portfolio Manager, will replace David Elliott as portfolio manager of the portion of the Small Cap Fund managed by Wellington Management. James Rullo CFA, Senior Vice President, Partner and Director of Wellington Management’s Quantitative Investment Group, will replace Mammen Chally in providing back-up portfolio management and analysis services for the portion of the Small Cap Fund managed by Wellington Management. The information below is provided as of March 31, 2009.

Other Accounts Managed — Total

	Other Registered				Other Pooled Investment
	Investment Companies				Vehicles				Other Accounts
Portfolio Manager	Number		Total Assets		Number		Total Assets		Number		Total Assets
Mammen Chally		7	$	2,029,766,438		10	$	507,432,670		8	$	1,791,743,920
James Rullo		7	$	1,621,290,574		11	$	669,819,666		13	$	2,504,857,877

Other Accounts Managed — Of Total listed above, those for which the advisory fee is based on performance

	Registered Investment			Other Pooled Investment
	Companies			Vehicles			Other Accounts
Portfolio Manager	Number	Total Assets		Number	Total Assets		Number		Total Assets
Mammen Chally	None	$	0	None	$	0		1	$	85,943,788
James Rullo	None	$	0	None	$	0		1	$	85,943,788

Ownership of Fund Shares

Portfolio Manager	Dollar Range Fund
Mammen Chally	None
James Rullo	None

Please retain this supplement for future reference