SUPPLEMENT dated January 13, 1998 to PROSPECTUS dated
September 16, 1997
KOPP FUNDS
Kopp Emerging Growth Fund
Capitalized terms have the same meaning here as they do
in the Prospectus.
Tax-Sheltered Retirement Plans
The following information supplements the
information contained on pages 18 and 19 of the
Prospectus.
In addition to the qualified retirement plans set
forth in the Prospectus which are offered by the Fund
through Firstar, beginning January 13, 1998, the Fund
will offer Roth Individual Retirement Accounts.
Roth Individual Retirement Accounts
The Fund offers a Roth IRA pursuant to which
taxpayers may make nondeductible contributions of up to
$2,000, but receive qualified distributions tax-free.
The $2,000 limit is reduced or eliminated for taxpayers
with adjusted gross income above $150,000 ($95,000 if
single). Taxpayers who contribute to Roth IRAs may
also contribute to traditional IRAs, but annual
contributions to both types of IRAs may not exceed
$2,000. A taxpayer's spouse may also contribute $2,000
to an IRA as long as the spouses' joint compensation
equals or exceeds their combined IRA contributions.
Unlike other IRAs, contributions to Roth IRAs may be
made even after a taxpayer reaches age 70 1/2, and Roth
IRAs are not subject to the required minimum
distribution rules.
"Qualified distributions" (consisting of both
accumulated nondeductible contributions and investment
earnings) from Roth IRAs are completely tax-free and
penalty-free. "Qualified distributions" are those made
after a taxpayer has had a Roth IRA for five years and
withdraws money after he or she reaches age 59 1/2; after
death or disability; or to pay for certain first-time
homebuyer expenses, up to a lifetime limit of $10,000.
Most taxpayers with adjusted gross income of no
more than $100,000 may convert their traditional IRAs
into Roth IRAs before the end of 1998. A taxpayer
would take converted IRA amounts into income and pay
any tax on the distribution ratably over four years.
For more information on the Roth IRA, please call
1-888-533-KOPP.
YOUR ACCOUNT
Class A Shares
The following chart replaces the chart contained
on page 10 of the Prospectus.
Class A shares are offered and sold on a continual
basis at the next Offering Price, which is the sum of
the net asset value per share and the sales charge
indicated below:
Total Sales Charge
As a As a Percentage Portion of
Your Investment Percentage of Your Offering Price
of Offering Investment Retained by
Price Broker-Dealers*
Up to $99,999 3.50% 3.63% 3.00%
$100,000 -$249,999 3.00% 3.09% 2.55%
$250,000 -$499,999 2.00% 2.04% 1.70%
$500,000 -$999,999 1.00% 1.01% 0.85%
$1,000,000 -$4,999,999** None None None***
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* At the discretion of the Distributor, all sales
charges may at times be paid to the broker-dealer,
if any, involved in the trade. A broker-dealer
paid all or substantially all of the sales charges
may be deemed an "underwriter" under the
Securities Act of 1933, as amended.
** A 1% CDSC may be imposed on redemptions of all or
part of an investment of $1 million or more in
Class A shares redeemed within 24 months of
purchase.
*** The Distributor may, in its discretion, pay a 1%
commission to broker-dealers who initiate and are
responsible for purchases of Class A shares
between $1,000,000 - $4,999,999.
Please retain this Supplement with the Prospectus for
future reference.
