<PAGE>
The Munder Funds
Supplement Dated October 27, 1998
to Prospectus Dated October 27, 1998
Class A, B and C Shares of:
Munder Balanced Fund, Munder Growth & Income Fund, Munder Growth Opportunities
Fund, Munder International Equity Fund, Munder Micro-Cap Equity Fund,
Munder Multi-Season Growth Fund, Munder NetNet 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
Global Financial Services Fund, Munder Framlington Healthcare Fund and
Munder Framlington International Growth Fund
The Class A, B and C Shares of the Munder Growth Opportunities Fund and Munder
Framlington Global Financial Services Fund are not currently available for
purchase.
<PAGE>
The Munder Funds
Supplement Dated October 27, 1998
to Prospectus Dated October 27, 1998
Class A, B and C Shares of:
Munder Balanced Fund, Munder Growth & Income Fund, Munder Growth Opportunities
Fund, Munder International Equity Fund, Munder Micro-Cap Equity Fund, Munder
Multi-Season Growth Fund, Munder NetNet 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
Global Financial Services Fund, Munder Framlington Healthcare Fund and Munder
Framlington International Growth Fund
The Class A, B and C Shares of the Munder Growth Opportunities Fund and Munder
Framlington Global Financial Services Fund are not currently available for
purchase.
