Supplement to:
Calvert First Government Money Market Fund
Prospectus
dated March 31, 1998
Date of this Supplement: January 22, 1999
Shareholders in the Calvert First Government Money Market Fund are
currently voting on various changes to the Fund, pursuant to a proxy statement
mailed this week. Shareholders are being asked to vote to:
elect the Fund's current Board of Trustees;
approve changes to the investment restrictions to delete policies
previously required by state law or which otherwise are not required
to be fundamental, and to revise other restrictions;
approve a new investment advisory agreement with Calvert Asset
Management Company, Inc. ("CAMCO"), the investment advisor; and
ratify the current auditors, PricewaterhouseCoopers.
Please be aware that discussion of these matters in the March 31,
1998 Prospectus and the Statement of Additional Information will be modified
accordingly, depending on the outcome of the shareholder vote.
