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THE MUNDER FUNDS
SUPPLEMENT DATED MARCH 26, 1999
TO PROSPECTUS DATED OCTOBER 27, 1998
CLASS K SHARES OF:
MUNDER BALANCED FUND, MUNDER GROWTH & INCOME FUND, MUNDER GROWTH OPPORTUNITIES
FUND, MUNDER INDEX 500 FUND, MUNDER INTERNATIONAL EQUITY FUND, MUNDER MICRO-CAP
EQUITY 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
GLOBAL FINANCIAL SERVICES 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 TAX-FREE BOND 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
CHANGE OF NAME FOR TAX-FREE INTERMEDIATE BOND FUND
The name of the Tax-Free Intermediate Bond Fund has been changed to the Tax-Free
Short-Intermediate Bond Fund.
The section entitled "Goal and Principal Investments" for Tax-Free Intermediate
Bond Fund under the "FUND CHOICES--What Funds Are Offered?" section in the
Prospectus is deleted in its entirety and replaced with the following:
TAX-FREE SHORT-INTERMEDIATE BOND FUND
GOAL AND PRINCIPAL INVESTMENTS. The Fund's goal is to provide a
competitive level of current interest income exempt from regular Federal income
taxes and a total return which, over time, exceeds the rate of inflation and the
return provided by tax-free money market instruments.
- Under normal market conditions, at least 65% of the Fund's assets
will be invested in Municipal Obligations.
- Except during temporary defensive periods, at least 80% of the
Fund's net assets will be invested in Municipal Obligations whose
interest is exempt from regular Federal income tax.
- The Fund invests in Michigan Municipal Obligations from time to
time.
- The Fund generally buys obligations with remaining maturities of
five years or less.
- The Fund's dollar-weighted average maturity will generally be
between two and five years.
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THIS SUPPLEMENT SUPERCEDES ALL PRIOR SUPPLEMENTS
THE MUNDER FUNDS
SUPPLEMENT DATED MARCH 26, 1999
TO PROSPECTUS DATED OCTOBER 27, 1998
CLASS Y 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, MUNDER
FRAMLINGTON INTERNATIONAL GROWTH FUND, MUNDER BOND FUND, MUNDER INTERMEDIATE
BOND FUND, MUNDER INTERNATIONAL BOND FUND, MUNDER U.S. GOVERNMENT INCOME FUND,
MUNDER MICHIGAN 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
CHANGE OF NAME FOR TAX-FREE INTERMEDIATE BOND FUND
The name of the Tax-Free Intermediate Bond Fund has been changed to the Tax-Free
Short-Intermediate Bond Fund.
The section entitled "Goal and Principal Investments" for Tax-Free Intermediate
Bond Fund under the "FUND CHOICES--What Funds Are Offered?" section in the
Prospectus is deleted in its entirety and replaced with the following:
TAX-FREE SHORT-INTERMEDIATE BOND FUND
GOAL AND PRINCIPAL INVESTMENTS. The Fund's goal is to provide a
competitive level of current interest income exempt from regular Federal income
taxes and a total return which, over time, exceeds the rate of inflation and the
return provided by tax-free money market instruments.
- Under normal market conditions, at least 65% of the Fund's assets
will be invested in Municipal Obligations.
- Except during temporary defensive periods, at least 80% of the
Fund's net assets will be invested in Municipal Obligations whose
interest is exempt from regular Federal income tax.
- The Fund invests in Michigan Municipal Obligations from time to
time.
- The Fund generally buys obligations with remaining maturities of
five years or less.
- The Fund's dollar-weighted average maturity will generally be
between two and five years.
CHANGE OF ADDRESS
Please send your Account Application by mail to: THE MUNDER FUNDS, C/O FIRST
DATA INVESTOR SERVICES GROUP, P.O. BOX 60428, KING OF PRUSSIA, PENNSYLVANIA
19406-0428.
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THIS SUPPLEMENT SUPERCEDES ALL PRIOR SUPPLEMENTS
THE MUNDER FUNDS
SUPPLEMENT DATED MARCH 26, 1999
TO STATEMENT OF ADDITIONAL INFORMATION DATED OCTOBER 27, 1998
MUNDER BALANCED FUND, MUNDER EQUITY SELECTION FUND, MUNDER GROWTH & INCOME FUND,
MUNDER INDEX 500 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,
MUNDER FRAMLINGTON INTERNATIONAL GROWTH FUND, MUNDER BOND FUND, MUNDER
INTERMEDIATE BOND FUND, MUNDER INTERNATIONAL BOND FUND, MUNDER U.S. GOVERNMENT
INCOME FUND, MUNDER MICHIGAN 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
CHANGE OF NAME FOR TAX-FREE INTERMEDIATE BOND FUND
The name of the Tax-Free Intermediate Bond Fund has been changed to the Tax-Free
Short-Intermediate Bond Fund.
INVESTMENT ADVISORY AGREEMENT
The second paragraph of the "INVESTMENT ADVISORY AND OTHER SERVICE
ARRANGEMENTS" section in the Statement of Additional Information is deleted in
its entirety and replaced with the following:
The Funds have entered into Investment Advisory Agreements (the "Advisory
Agreements") with the Advisor on behalf of each Fund of the Company, the Trust
and Framlington. The Advisory Agreements have been approved by the Boards of
Directors/Trustees and by the shareholders of each Fund.
