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SUPPLEMENT TO THE PROSPECTUSES
OF
KEYSTONE TAX FREE FUND
KEYSTONE TAX FREE INCOME FUND
The section of each prospectus entitled "Portfolio Manager" under "Fund
Management and Expenses" is hereby supplemented to reflect the following:
Betsy A. Hutchings is currently manager of each Fund's portfolio. She
is a Senior Vice President and group leader of Keystone's Municipal Bond Team.
Ms. Hutchings joined Keystone in 1988, and has more than 15 years of investment
experience.
July 11, 1997
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