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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 IJ2By4crSMvTfTmm7bEmzAnRbHB4so6XIh/2F9whxeDukdZtyHDObQnHieiVv8CK
 AcZTaJ20HmzcCtQ4BY367g==

<SEC-DOCUMENT>0000950147-99-001010.txt : 19990914
<SEC-HEADER>0000950147-99-001010.hdr.sgml : 19990914
ACCESSION NUMBER:		0000950147-99-001010
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19990913

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADVISORS SERIES TRUST
		CENTRAL INDEX KEY:			0001027596
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	333-17391
		FILM NUMBER:		99710409

	BUSINESS ADDRESS:	
		STREET 1:		2020 E FINANCIAL WAY SUITE 100
		CITY:			GLENDORA
		STATE:			CA
		ZIP:			91741
		BUSINESS PHONE:		8188521033

	MAIL ADDRESS:	
		STREET 1:		2020 E FINANCIAL WAY
		STREET 2:		SUITE 100
		CITY:			GLENDORA
		STATE:			CA
		ZIP:			91741
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>PROSPECTUS SUPPLEMENT DATED 9-13-1999
<TEXT>

                              ADVISORS SERIES TRUST
                     AVATAR ADVANTAGE EQUITY ALLOCATION FUND
                         AVATAR ADVANTAGE BALANCED FUND

                       SUPPLEMENT DATED SEPTEMBER 13, 1999
                       TO THE PROSPECTUS DATED MAY 1, 1999


         Elizabeth  Sonders,  Co-Portfolio  Manager of both the Avatar Advantage
Equity and Balanced  Funds,  resigned from the firm  effective  July 1999.  Both
Funds will be  managed  going  forward by a  committee  of  in-house  investment
professionals  to maximize  overall  effectiveness,  using the asset  allocation
techniques and strategies developed by the Advisor.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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