The Munder Framlington Funds
Supplement Dated July 25, 1997
to Prospectus dated January 2, 1997
Class A, B and C Shares of:
Framlington International Growth Fund, Framlington Emerging
Markets Fund and Framlington Healthcare Fund (the Funds)
SALES CHARGE WAIVERS--CLASS A SHARES
QUALIFIED EMPLOYER SPONSORED RETIREMENT PLANS
The "How to Purchase Shares--Sales Charge Waivers--Class A
Shares" section of the Prospectus is hereby deleted in its
entirety and supplemented as follows and the first paragraph under
"How to Purchase Shares--Qualified Employer Sponsored Retirement
Plans" in the Prospectus is hereby deleted in its entirety and
supplemented as follows:
Sales Charge Waivers - Class A Shares
Upon notice to the Funds' transfer agent at the time of
purchase, the initial sales charge will be waived on sales of
Class A Shares to the following types of purchasers: (1)
individuals with an investment account or relationship with Munder
Capital Management (the "Advisor"); (2) full-time employees and
retired employees of the Advisor, employees of the Funds'
administrator, distributor and custodian, and immediate family
members of such persons; (3) registered broker-dealers that have
entered into selling agreements with the Funds' distributor (the
"Distributor"), for their own accounts or for retirement plans for
their employees or sold to registered representatives for full-
time employees (and their families) that certify to the
Distributor at the time of purchase that such purchase is for
their own account (or for the benefit of their families); (4)
certain qualified employee benefit plans as defined below; (5)
financial institutions, financial planners or employee benefit
plan consultants acting for the accounts of their clients; (6)
employer sponsored retirement plans which are administered by
Universal Pensions, Inc. ("UPI Plans"); and (7) employer sponsored
401(k) plans which are administered by Merrill Lynch Group
Employee Services (Merrill Lynch Plans) which meet the criteria
described below under Qualified Employer Sponsored Retirement
Plans.
Qualified Employer Sponsored Retirement Plans
Upon notice to the Funds' transfer agent at the time of
purchase, the initial sales charge will be waived on purchases by
employer sponsored retirement plans that are qualified under
Section 401(a) of the Code including: 401(k) plans, defined
benefit pension plans, profit-sharing pension plans,
money-purchase pension plans, and Section 457 deferred
compensation plans and Section 403(b) plans (each, a "Qualified
Employee Benefit Plan") that (1) invest $1,000,000 or more in
Class A Shares of investment portfolios offered by the Trust, The
Munder Funds, Inc. or The Munder Funds Trust (other than the Index
500 Fund) or (2) have at least 75 eligible plan participants. In
addition, the contingent deferred sales charge ("CDSC") of 1%
imposed on certain redemptions within one year of purchase will be
waived for Qualified Employee Benefit Plan purchases that meet the
above criteria. A 1% commission will be paid by the Distributor to
dealers and other entities (as permitted by applicable Federal and
state law) who initiate and are responsible for Qualified Employee
Benefit Plan purchases that meet the above criteria. For purposes
of the foregoing sales charge waiver, Simplified Employee Pension
Plans ("SEPs"), Individual Retirement Accounts ("IRAs") and UPI
Plans are not considered to be Qualified Employee Benefit Plans.
Upon notice to the Funds' transfer agent at the time of
purchase, the initial sales charge on Class A Shares will be
waived on purchases by UPI Plans. In addition, the CDSC of 1%
imposed on certain redemptions within one year of purchase will be
waived for UPI Plans. A 1% commission will be paid by the
Distributor to dealers and other entities (as permitted by
applicable Federal and state law) who initiate and are responsible
for UPI Plan purchases.
The initial sales charge will be waived for all investments
by Merrill Lynch Plans if (i) the Plan is recordkept on a daily
valuation basis by Merrill Lynch Group Employee Services ("Merrill
Lynch") and, on the date the plan sponsor (the "Plan Sponsor")
signs the Merrill Lynch Recordkeeping Service Agreement, the Plan
has $3 million or more in assets invested in broker/dealer funds
not advised or managed by Merrill Lynch Asset Management, L.P.
("MLAM") that are made available pursuant to a Services Agreement
between Merrill Lynch and the Funds' principal underwriter or
distributor and in funds advised or managed by MLAM (collectively,
the "Applicable Investments"); or (ii) the Plan is recordkept on a
daily valuation basis by an independent recordkeeper whose
services are provided through a contract or alliance arrangement
with Merrill Lynch, and on the date the Plan Sponsor signs the
Merrill Lynch Recordkeeping Service Agreement, the Plan has $3
million or more in assets, excluding money market funds, invested
in Applicable Investments; or (iii) the Plan has 500 or more
eligible employees, as determined by the Merrill Lynch plan
conversion manager, on the date the Plan Sponsor signs the Merrill
Lynch Recordkeeping Service Agreement.
CONTINGENT DEFERRED SALES CHARGE WAIVERS--CLASS B SHARES
All investments in the Funds by Merrill Lynch Plans with
less than $3 million in assets invested in Applicable Investments
must be for Class B Shares of the Funds.
The CDSC will be waived for all redemptions by Merrill Lynch
Plans if: (i) the Plan is recordkept on a daily valuation basis
by Merrill Lynch; or (ii) the Plan is recordkept on a daily
valuation basis by an independent recordkeeper whose services are
provided through a contract or alliance arrangement with Merrill
Lynch; or (iii) the Plan has less than 500 eligible employees, as
determined by the Merrill Lynch plan conversion manager, on the
date the Plan Sponsor signs the Merrill Lynch Recordkeeping
Service Agreement.
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