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SUPPLEMENT TO THE PROSPECTUS
AND
STATEMENT OF ADDITIONAL INFORMATION
OF
KEYSTONE TAX FREE FUND
(the "Fund")
The Prospectus and Statement of Additional Information of the Fund are
hereby supplemented as follows:
The Fund is now open to new investors. The minimum initial investment
amount in the Fund is $1,000.
In addition, Keystone Investment Distributors Company, the Fund's principal
underwriter, will generally reallow to broker dealers or others a commission
equal to 4% of the price paid for each Fund share sold.
February 29, 1996
