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Share Name	Share Symbol	Market	Type
Value Line Funds (MM)	NASDAQ:ACDEX	NASDAQ	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%							0	-

June 14, 2013

TACTICALSHARES DYNAMIC ALLOCATION FUND

a series of Advisors Series Trust

Supplement to Summary Prospectus, Prospectus and Statement of

Additional Information (“SAI”), each dated April 30, 2013

Effective immediately, John Hastings no longer serves as a portfolio manager for the TacticalShares Dynamic Allocation Fund.

Please disregard all references to Mr. Hastings in the Summary Prospectus, Prospectus and SAI.

* * * * * * * * * * * * * * *

Please retain this Supplement with the Summary Prospectus, Prospectus and SAI.

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