Supplement dated February 4, 2000
To The Prospectus Dated February 2, 2000 of
The Kinetics Government Money Market Fund
a series of Kinetics Mutual Funds, Inc.
The following replaces the disclosure on page 5 of the Fund's current Prospectus
concerning the valuation of fund shares:
Shares of the Fund are sold at net asset value per share ("NAV"), which is
determined by the Fund as of 12:00 p.m. Eastern time, each day that the New York
Stock Exchange (the "Exchange") is open for unrestricted business.
