The Munder Funds
Supplement Dated October 29, 1997
to Prospectus Dated October 29, 1997
Class A, B and C Shares of:
Munder Accelerating Growth Fund, Munder Balanced Fund, Munder
Growth & Income Fund, Munder International Equity Fund, Munder
Micro-Cap Equity Fund, Munder Mid-Cap Growth Fund, Munder Multi-
Season Growth Fund, Munder Real Estate Equity Investment Fund,
Munder Small-Cap Value Fund, Munder Small Company Growth Fund,
Munder Framlington Emerging Markets Fund, Munder Framlington
Healthcare Fund, Munder Framlington International Growth Fund and
Munder Value Fund (the "Funds").
First Data Investor Services Group, Inc. ("Investor Services
Group"), whose principal business address is 53 State Street,
Boston, Massachusetts 02109, continues to serve as administrator
for the Funds through October 31, 1997. The services of Investor
Services Group are similar to those services described in the
Prospectus in the section entitled "Administrator."
As compensation for its services for the Funds of The Munder
Funds, Inc. and The Munder Funds Trust, Investor Services Group is
entitled to receive fees, based on the aggregate daily net asset
of the Funds and certain other investment portfolios that are
advised by the Advisor for which it provides services, computed
daily and payable monthly at the rates of: .12% of the first $2.8
billion of net assets, plus .105% of the next $2.2 billion of net
assets, plus .10% of all net assets in excess of $5 billion (with
a $1.2 million minimum fee per annum in the aggregate for all
portfolios with respect to Investor Services Group). As
compensation for its services for The Munder Framlington Funds,
Investor Services Group is entitled to receive fees, computed
daily and payable monthly, at the rate of 0.10% of average daily
net assets with a $60,000 minimum fee per annum in the aggregate
for the Funds. Investor Services Group is also entitled to
reimbursement for out-of-pocket expenses. Investor Services Group
has entered into a Sub-Administration Agreement with the Funds'
Distributor under which the Distributor provides certain
administrative services with respect to the Funds. Investor
Services Group pays the Distributor a fee for these services out
of its own resources at no cost to the Funds.
The Munder Funds
Supplement Dated October 29, 1997
to Prospectus Dated October 29, 1997
Class K Shares of:
Munder Accelerating Growth Fund, Munder Balanced Fund, Munder
Growth & Income Fund, Munder Index 500 Fund, Munder International
Equity Fund, Munder Micro-Cap Equity Fund, Munder Mid-Cap Growth
Fund, Munder Multi-Season Growth Fund, Munder Real Estate Equity
Investment Fund, Munder Small-Cap Value Fund, Munder Small Company
Growth Fund, Munder Framlington Emerging Markets Fund, Munder
Framlington Healthcare Fund, Munder Framlington International
Growth Fund, Munder Value Fund, Munder Bond Fund, Munder
Intermediate Bond Fund, Munder International Bond Fund, Munder
U.S. Government Income Fund, Munder Michigan Triple Tax-Free Bond
Fund, Munder Short Term Treasury Fund, Munder Tax-Free Bond Fund,
Munder Tax-Free Intermediate Bond Fund, Munder Cash Investment
Fund, Munder Tax-Free Money Market Fund and Munder U.S. Treasury
Money
Market Fund (the "Funds").
First Data Investor Services Group, Inc. ("Investor Services
Group"), whose principal business address is 53 State Street,
Boston, Massachusetts 02109, continues to serve as administrator
for the Funds through October 31, 1997. The services of Investor
Services Group are similar to those services described in the
Prospectus in the section entitled "Administrator."
As compensation for its services for the Funds of The Munder
Funds, Inc. and The Munder Funds Trust, Investor Services Group is
entitled to receive fees, based on the aggregate daily net asset
of the Funds and certain other investment portfolios that are
advised by the Advisor for which it provides services, computed
daily and payable monthly at the rates of: .12% of the first $2.8
billion of net assets, plus .105% of the next $2.2 billion of net
assets, plus .10% of all net assets in excess of $5 billion (with
a $1.2 million minimum fee per annum in the aggregate for all
portfolios with respect to Investor Services Group). As
compensation for its services for The Munder Framlington Funds,
Investor Services Group is entitled to receive fees, computed
daily and payable monthly, at the rate of 0.10% of average daily
net assets with a $60,000 minimum fee per annum in the aggregate
for the Funds. Investor Services Group is also entitled to
reimbursement for out-of-pocket expenses. Investor Services Group
has entered into a Sub-Administration Agreement with the Funds'
Distributor under which the Distributor provides certain
administrative services with respect to the Funds. Investor
Services Group pays the Distributor a fee for these services out
of its own resources at no cost to the Funds.
The Munder Funds
Supplement Dated October 29, 1997
to Prospectus Dated October 29, 1997
Class Y Shares of:
Munder Accelerating Growth Fund, Munder Balanced Fund, Munder
Growth & Income Fund, Munder International Equity Fund, Munder
Micro-Cap Equity Fund, Munder Mid-Cap Growth Fund, Munder Multi-
Season Growth Fund, Munder Real Estate Equity Investment Fund,
Munder Small-Cap Value Fund, Munder Small Company Growth Fund,
Munder Framlington Emerging Markets Fund, Munder Framlington
Healthcare Fund, Munder Framlington International Growth Fund,
Munder Value Fund, Munder Bond Fund, Munder Intermediate Bond
Fund, Munder International Bond Fund, Munder U.S. Government
Income Fund, Munder Michigan Triple Tax-Free Bond Fund, Munder
Short Term Treasury Fund, Munder Tax-Free Bond Fund, Munder Tax-
Free Intermediate Bond Fund, Munder Cash Investment Fund, Munder
Money Market Fund, Munder Tax-Free Money Market Fund and Munder
U.S. Treasury Money
Market Fund (the "Funds").
First Data Investor Services Group, Inc. ("Investor Services
Group"), whose principal business address is 53 State Street,
Boston, Massachusetts 02109, continues to serve as administrator
for the Funds through October 31, 1997. The services of Investor
Services Group are similar to those services described in the
Prospectus in the section entitled "Administrator."
As compensation for its services for the Funds of The Munder
Funds, Inc. and The Munder Funds Trust, Investor Services Group is
entitled to receive fees, based on the aggregate daily net asset
of the Funds and certain other investment portfolios that are
advised by the Advisor for which it provides services, computed
daily and payable monthly at the rates of: .12% of the first $2.8
billion of net assets, plus .105% of the next $2.2 billion of net
assets, plus .10% of all net assets in excess of $5 billion (with
a $1.2 million minimum fee per annum in the aggregate for all
portfolios with respect to Investor Services Group). As
compensation for its services for The Munder Framlington Funds,
Investor Services Group is entitled to receive fees, computed
daily and payable monthly, at the rate of 0.10% of average daily
net assets with a $60,000 minimum fee per annum in the aggregate
for the Funds. Investor Services Group is also entitled to
reimbursement for out-of-pocket expenses. Investor Services Group
has entered into a Sub-Administration Agreement with the Funds'
Distributor under which the Distributor provides certain
administrative services with respect to the Funds. Investor
Services Group pays the Distributor a fee for these services out
of its own resources at no cost to the Funds.
