CRABBE HUSON SMALL CAP FUND
THE CRABBE HUSON SPECIAL FUND
CRABBE HUSON EQUITY FUND
CRABBE HUSON MANAGED INCOME & EQUITY FUND
CRABBE HUSON REAL ESTATE INVESTMENT FUND
CRABBE HUSON OREGON TAX-FREE FUND
CRABBE HUSON CONTRARIAN INCOME FUND
Supplement to Prospectuses
(Replacing Supplement dated November 16, 1998)
Until further notice, Class B and Class C shares of the Funds (other than the
Crabbe Huson Contrarian Income Fund which does not offer Class B and Class C
shares) are not available for purchases or exchanges.
Until further notice, Crabbe Huson Contrarian Income Fund's Class A shares are
available only for additional purchases by existing shareholders.
CH-36/442G-1298 (1/99) December 31, 1998
