VANGUARD MASSACHUSETTS TAX EXEMPT FUNDS, 497, 2000-01-10

VANGUARD MASSACHUSETTS TAX EXEMPT FUNDS
497, 2000-01-10

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                            [THE VANGUARD GROUP LOGO]

                    VANGUARD(R) MASSACHUSETTS TAX-EXEMPT FUND
              SUPPLEMENT TO THE PROSPECTUS DATED DECEMBER 9, 1998

PORTFOLIO  MANAGER
Daniel S.  Solender  has  replaced  Christopher  M. Ryon as Fund  Manager of the
Massachusetts  Tax-Exempt Fund. Mr. Solender has worked in investment management
since 1987 and has managed  portfolio  investments since 1992. He is a Chartered
Financial  Analyst,  and holds a B.A.  degree from  Columbia  University  and an
M.B.A. degree from the University of Chicago.



(C) 2000 The Vanguard Group, Inc. All rights reserved.         PS168N-01/11/2000
Vanguard Marketing Corporation, Distributor.