497 1 kl08009_497.txt SUPPLEMENT TO PROSPECTUS. CONESTOGA FUNDS Conestoga Small Cap Fund Prospectus dated October 1, 2002 Prospectus Supplement dated August 5, 2003 I. Under the section entitled "Purchase Procedures" on pages 8 and 9, please replace the paragraphs prior to the sub-section entitled "Pre-Authorized Investment Plan" with the following: If you choose to purchase shares of the Fund through an Authorized Dealer, you should contact him or her in person or by telephone. If you wish to purchase shares directly through the Fund, you can do so by mail or by telephone once you have established an account. To establish an account, complete an account application and mail it with a check, bank draft or money order to: By Regular U.S. Conestoga Small Cap Fund or Overnight mail c/o Mutual Shareholder Services 8869 Brecksville Road, Suite C Brecksville, OH 44141 The Fund will not accept third-party checks (originally payable to someone other than you or the Fund). Additional purchases may be made by mail, using the addresses above, or by calling 1-800-320-7790. Payment for additional shares must be made by check, bank draft, money order or by wire. To pay by wire, you should: By wire Call the Fund at 1-800-320-7790 prior to the close of regular trading on the NYSE before wiring any funds to give notice of the purchase. Specify the number or dollar amount of shares that you wish to buy, and wire funds to: Conestoga Small Cap Fund. U.S. Bank, N.A. ABA#: 042000013 Account#: 130100788947 Funds must be wired the same day that your trade is placed. For initial purchases, please contact the Fund at 1-800-320-7790 prior to wiring funds. II. Please replace the section entitled "Redemption Procedures" on page 10 with the following: Redemption Procedures Method of Redemption Instructions To redeem your shares by mail, you should send the Fund a signed letter of instruction indicating your fund account number, amount of redemption, and where to send the proceeds. Please make sure all parties required to sign the redemption request have done so. Send your request to: By Regular U.S. c/o Mutual Shareholder Services Overnight mail 8869 Brecksville Road, Suite C Brecksville, OH 44141 By telephone To redeem your shares by telephone, call the Fund at 1-800-320-7790 or your Authorized Dealer between the hours of 9:30 a.m. and 4:00 p.m. Eastern Time on any business day. You may redeem your shares by telephone only if you have authorized telephone redemption on your account application. III. Please replace the back cover page of the Prospectus with the following: CONESTOGA SMALL CAP FUND Five Tower Bridge 300 Barr Harbor Drive, Suite 560 West Conshohocken, PA 19428 1-800-320-7790 INVESTMENT ADVISER INDEPENDENT AUDITORS Conestoga Capital Advisors, LLC McCurdy & Associates CPA's, Inc. Five Tower Bridge 27955 Clemens Road 300 Barr Harbor Drive, Suite 560 Westlake, OH 44145 West Conshohocken, PA 19428 TRANSFER AGENT, SHAREHOLDER SERVICING COUNSEL AGENT and DIVIDEND DISBURSING AGENT Kramer Levin Naftalis & Frankel LLP Mutual Shareholder Services 919 Third Avenue 8869 Brecksville Road, Suite C New York, NY 10022 Brecksville, OH 44141 CUSTODIAN U.S. Bank, N.A. 425 Walnut Street, M.L. CN-OH-W6TC Cincinnati, OH 45202 The SAI, which provides a more complete discussion of several of the matters contained in this Prospectus, is incorporated by reference. To obtain a free copy of the SAI or any financial report, or to make any other inquiries about the Fund, you may call the Fund at 1-800-320-7790 or write to the Fund at Conestoga Funds, Five Tower Bridge, 300 Barr Harbor Drive, Suite 560, West Conshohocken, PA 19428, or call your Authorized Dealer. You may also review and copy information about the Fund (including the SAI) at the SEC's Public Reference Room in Washington, D.C. Call 1-202-942-8090 to obtain information on the operation of the SEC's Public Reference Room. This information is also available on the SEC's Internet site at http://www.sec.gov. Copies may also be obtained upon payment of a duplicating fee, by electronic request at the following e-mail address: publicinfo@sec.gov, or by writing the SEC's Public Reference Section, Washington, D.C. 20459-0102. You may also obtain a copy of the Fund's prospectus from Conestoga Funds' worldwide web site at http://www.conestogacapital.com. Investment Company Act File No. 811-21120 Please keep this Supplement with your Prospectus for future reference.