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FARMERS MUTUAL FUND PORTFOLIOS
Income Portfolio
Income with Growth Portfolio
Balanced Portfolio
Growth with Income Portfolio
Growth Portfolio
SUPPLEMENT TO PROSPECTUS
DATED FEBRUARY 16, 1999
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The following text modifies the information in the "About the Portfolios --
Underlying funds" section on page 14 of the Portfolios' prospectus:
PIMCO Low Duration Fund seeks to maximize total return, consistent with
preservation of capital and prudent investment management. The fund generally
invests in a diversified portfolio of fixed income securities of varying
maturities. The average portfolio duration of the fund will normally vary within
a one- to three-year time frame based on the fund's investment adviser's
forecast for interest rates.
July 26, 1999
