[LETTERHEAD]
FPS Services, Inc.
3200 Horizon Drive
King of Prussia, PA 19406-0903
VIA EDGAR
December 29, 1997
U.S. Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The Bjurman Funds (the "Registrant")
File No. 333-16033 and 811-07921
Rule 497(e) filing
To the Staff of the Commission:
Enclosed for filing on behalf of The Bjurman Funds is a Supplement to the
Registrant's Prospectus dated March 31, 1997, as Supplemented October 30,
1997. The purpose of this Supplement is to lower the investment minimum
for IRA's and SEP accounts from $5,000 to $2,000. This Supplement
incorporates the information in the previous Supplement dated October 30,
1997 and contains only non-material changes to the Prospectus.
Please contact the undersigned at (610) 239-4749 should you have any
questions.
Sincerely,
/s/ Carolyn F. Mead
Carolyn F. Mead, Esq.
Manager, Compliance Administration<PAGE>
BJURMAN MICRO-CAP GROWTH FUND
Supplement Dated December 29, 1997
to Prospectus Dated March 31, 1997, as Supplemented October 30, 1997
The following information supplements and supersedes the information
contained in the Fund's Prospectus dated March 31, 1997, as Supplemented
October 30, 1997
Financial Highlights
The following are unaudited "Financial Highlights" of the Bjurman Micro-Cap
Growth Fund for the period ended September 30, 1997. The table below sets
forth financial data for one share of capital stock outstanding throughout
the period presented.
For the Period
March 31, 1997*
through
September 30, 1997
(unaudited)
Net asset value, beginning of period . $ 12.00
Income from investment operations:
Net investment loss . . . . . . (0.04)
Net realized and unrealized
gain on investments . . . . . . . . 7.64
Total from investment operations . . . . 7.60
Net asset value, end of period . . . . . $ 19.60
Total return. 63.33% 1
Ratios/Supplemental Data
Net assets, end of period (in 000s). . $ 1,857
Ratio of expenses to average net assets:
Before expense reimbursement . . 39.91% 2
After expense reimbursement. . . 1.80% 2
Ratio of net investment income to average net assets:
Before expense reimbursement . . (36.51%) 2
After expense reimbursement. . . (1.40%) 2
Portfolio turnover rate . . . . . . . 22.33% 1
Average commission rate paid. . . . . $ 0.0382
* Commencement of investment operations
1 Not Annualized
2 Annualized
The following information supplements and supersedes any contrary information
contained in the section of the Fund's Prospectus entitled "Prospectus
Summary":
The minimum initial investment is $5,000 and $500 for subsequent investments.
The minimum initial investment for IRA and SEP accounts is $2,000 and $500
for subsequent investments.
