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LSV Conservative Core Equity Fund to liquidate

TheShadowTheShadow
in Fund Discussions
http://www.sec.gov/Archives/edgar/data/878719/000113542814000317/lsv-497.txt

497
1
lsv-497.txt



THE ADVISORS' INNER CIRCLE FUND


LSV CONSERVATIVE CORE EQUITY FUND

SUPPLEMENT DATED MAY 12, 2014
TO THE
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION (THE "SAI")
DATED MARCH 1, 2014

THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS AND SAI, AND SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS
AND SAI.

The Board of Trustees (the "Board") of The Advisors' Inner Circle Fund (the
"Trust"), at the recommendation of LSV Asset Management ("LSV"), the investment
adviser of the LSV Conservative Core Equity Fund (the "Fund"), has determined
that it is in the best interest of the Fund and its shareholders to cease
operations and liquidate any remaining assets on a pro rata basis to
shareholders, and has approved the closing and liquidation of the Fund.
Effective immediately, the Fund will be closed to new investments. The Fund is
expected to cease operations and liquidate on or about June 13, 2014 (the
"Liquidation Date"). Prior to the Liquidation Date, shareholders may redeem
(sell) their shares in the manner described in the "Purchasing and Selling Fund
Shares" section of the Prospectus. For those Fund shareholders that do not
redeem (sell) their shares prior to the Liquidation Date, the Fund will
distribute to each such shareholder, on or promptly after the Liquidation Date,
a liquidating cash distribution equal in value to the shareholder's interest in
the net assets of the Fund as of the Liquidation Date.

In anticipation of the liquidation of the Fund, LSV may manage the Fund in a
manner intended to facilitate its orderly liquidation, such as by raising cash
or making investments in other highly liquid assets. As a result, during this
time, all or a portion of the Fund may not be invested in a manner consistent
with its stated investment strategies, which may prevent the Fund from achieving
its investment objective.

The liquidation distribution to shareholders will be treated as a payment in
exchange for their shares and will generally be a taxable event. You should
consult your personal tax advisor concerning your particular tax situation.


PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.


LSV-SK-014-0100


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