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Proc-Type: 2001,MIC-CLEAR
Originator-Name: keymaster@town.hall.org
Originator-Key-Asymmetric:
 MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq
 pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ==
MIC-Info: RSA-MD5,RSA,
 cDq/yzOye0vMhf00XHk16N60dRLdi9xdIyTyUc7qDEGUK5eifQmpjFAv8MUezJi/
 BBZ4/0qpwpuqaIcKZxAe/A==

<IMS-DOCUMENT>0000912788-94-000007.txt : 19940308
<IMS-HEADER>0000912788-94-000007.hdr.sgml : 19940308
ACCESSION NUMBER:		0000912788-94-000007
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19940307

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANKSOUTH SELECT FUNDS
		CENTRAL INDEX KEY:			0000912788
		STANDARD INDUSTRIAL CLASSIFICATION:	0000
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		33
		SEC FILE NUMBER:	033-50635
		FILM NUMBER:		94514827

	BUSINESS ADDRESS:	
		STREET 1:		FEDERATED INVESTORS TOWER
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222-3779
		BUSINESS PHONE:		4122881401
</IMS-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>FORM DOCUMENT
<TEXT>

Peachtree BOND FUND
Peachtree EQUITY FUND
Peachtree GEORGIA TAX-FREE INCOME FUND
Peachtree GOVERNMENT MONEY MARKET FUND
Peachtree PRIME MONEY MARKET FUND
(portfolios of Peachtree funds)
for distribution with the prospectus in the state of arizona
Supplement to Prospectus dated February 28, 1994 

Please insert the following language as the fourth paragraph on the cover page 
of the prospectus:

     "Bank South, N.A., the Fund's investment adviser, has no previous 
     experience managing mutual funds.  However, Bank South, N.A. has 
     managed discretionary assets for its customers since 1931."


March 7, 1994
FEDERATED SECURITIES CORP.
Distributor
4020404A(3/94)


</TEXT>
</DOCUMENT>
</IMS-DOCUMENT>
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