<PAGE>
THE MUNDER FUNDS
SUPPLEMENT DATED MARCH 24, 1998
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 VALUE FUND, MUNDER FRAMLINGTON EMERGING MARKETS FUND, MUNDER FRAMLINGTON
HEALTHCARE FUND AND MUNDER FRAMLINGTON INTERNATIONAL GROWTH FUND
REORGANIZATION OF THE MUNDER ACCELERATING GROWTH FUND
The Board of Trustees of The Munder Funds Trust recently approved a
proposal for the reorganization of the Munder Accelerating Growth Fund (the
"Fund"). If the reorganization is approved by the shareholders of the Fund, the
Fund's assets will be acquired by the Munder Multi-Season Growth Fund,
shareholders of the Fund will become shareholders of the Munder Multi-Season
Growth Fund and the Fund will be terminated. A shareholder meeting to consider
the reorganization has been scheduled for June 1998, and if approved the
reorganization will be completed in June 1998.
<PAGE>
THE MUNDER FUNDS
SUPPLEMENT DATED MARCH 24, 1998
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 VALUE FUND, MUNDER FRAMLINGTON EMERGING MARKETS
FUND, MUNDER FRAMLINGTON HEALTHCARE FUND, MUNDER FRAMLINGTON INTERNATIONAL
GROWTH 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 TAX-FREE BOND FUND, MUNDER TAX-FREE
INTERMEDIATE BOND FUND, MUNDER SHORT TERM TREASURY FUND, MUNDER CASH INVESTMENT
FUND, MUNDER TAX-FREE MONEY MARKET FUND AND MUNDER U.S. TREASURY MONEY MARKET
FUND
REORGANIZATION OF THE MUNDER ACCELERATING GROWTH FUND
The Board of Trustees of The Munder Funds Trust recently approved a
proposal for the reorganization of the Munder Accelerating Growth Fund (the
"Fund"). If the reorganization is approved by the shareholders of the Fund, the
Fund's assets will be acquired by the Munder Multi-Season Growth Fund,
shareholders of the Fund will become shareholders of the Munder Multi-Season
Growth Fund and the Fund will be terminated. A shareholder meeting to consider
the reorganization has been scheduled for June 1998, and if approved the
reorganization will be completed in June 1998.
<PAGE>
THE MUNDER FUNDS
SUPPLEMENT DATED MARCH 24, 1998
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 VALUE FUND, MUNDER FRAMLINGTON EMERGING MARKETS FUND, MUNDER FRAMLINGTON
HEALTHCARE FUND, MUNDER FRAMLINGTON INTERNATIONAL GROWTH 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
TAX-FREE BOND FUND, MUNDER TAX-FREE INTERMEDIATE BOND FUND, MUNDER SHORT TERM
TREASURY FUND, MUNDER CASH INVESTMENT FUND, MUNDER MONEY MARKET FUND, MUNDER
TAX-FREE MONEY MARKET FUND AND
MUNDER U.S. TREASURY MONEY MARKET FUND
REORGANIZATION OF THE MUNDER ACCELERATING GROWTH FUND
The Board of Trustees of The Munder Funds Trust recently approved a
proposal for the reorganization of the Munder Accelerating Growth Fund (the
"Fund"). If the reorganization is approved by the shareholders of the Fund, the
Fund's assets will be acquired by the Munder Multi-Season Growth Fund,
shareholders of the Fund will become shareholders of the Munder Multi-Season
Growth Fund and the Fund will be terminated. A shareholder meeting to consider
the reorganization has been scheduled for June 1998, and if approved the
reorganization will be completed in June 1998.
