FORUM FUNDS
MAINE MUNICIPAL BOND FUND
SUPPLEMENT DATED JANUARY 12, 1998 TO
PROSPECTUS DATED AUGUST 1, 1997
The following paragraph replaces the fourth paragraph under "Investment Policies
- - General," on page 4 of the prospectus:
Municipal securities also include securities issued by Puerto Rico, other United
States territories or possessions and their subdivisions, authorities and
corporations the income from which is not subject to Maine State income tax. No
more than 25% of the Fund's total assets may be invested in issuers located in
any one territory or possession of the United States.
<PAGE>
FORUM FUNDS
NEW HAMPSHIRE BOND FUND
SUPPLEMENT DATED JANUARY 12, 1998 TO
PROSPECTUS DATED AUGUST 1, 1997
The following paragraph replaces the fourth paragraph under "Investment Policies
- - General," on page 4 of the prospectus:
Municipal securities also include securities issued by Puerto Rico, other United
States territories or possessions and their subdivisions, authorities and
corporations the income from which is not subject to Federal income tax or New
Hampshire state interest and dividends taxes. No more than 25% of the Fund's
total assets may be invested in issuers located in any one territory or
possession of the United States.
