FORUM FUNDS
DAILY ASSETS TREASURY FUND
DAILY ASSETS GOVERNMENT FUND
INSTITUTIONAL SERVICE SHARES
Supplement Dated April 6, 1998 to
Prospectus Dated January 1, 1998
DAILY ASSETS GOVERNMENT FUND. Effective May 25, 1998, the Fund is being renamed
Daily Assets Government Obligations Fund. This will not result in any change to
the Fund's investment policies or practices.
DAILY ASSETS TREASURY FUND. Effective May 25, 1998, the Fund's investment
policies will change. As of that date, under normal conditions the Fund will
invest substantially all of its assets in U.S. Government Securities with a view
toward providing income that is generally considered exempt from state and local
income taxes. Because of this, the Fund will be renamed Daily Assets Government
Fund. Treasury Portfolio (the portfolio in which the Fund invests) also will
effect similar changes and will be renamed Government Portfolio. During the
preceding month, the investment adviser will effect any required changes in the
portfolio's security holdings.
<PAGE>
FORUM FUNDS
DAILY ASSETS TREASURY FUND
DAILY ASSETS GOVERNMENT FUND
INSTITUTIONAL SHARES
Supplement Dated April 6, 1998 to
Prospectus Dated January 1, 1998
DAILY ASSETS GOVERNMENT FUND. Effective May 25, 1998, the Fund is being renamed
Daily Assets Government Obligations Fund. This will not result in any change to
the Fund's investment policies or practices.
DAILY ASSETS TREASURY FUND. Effective May 25, 1998, the Fund's investment
policies will change. As of that date, under normal conditions the Fund will
invest substantially all of its assets in U.S. Government Securities with a view
toward providing income that is generally considered exempt from state and local
income taxes. Because of this, the Fund will be renamed Daily Assets Government
Fund. Treasury Portfolio (the portfolio in which the Fund invests) also will
effect similar changes and will be renamed Government Portfolio. During the
preceding month, the investment adviser will effect any required changes in the
portfolio's security holdings.
<PAGE>
FORUM FUNDS
DAILY ASSETS TREASURY FUND
DAILY ASSETS GOVERNMENT FUND
INVESTOR SHARES
Supplement Dated April 6, 1998 to
Prospectus Dated January 1, 1998
DAILY ASSETS GOVERNMENT FUND. Effective May 25, 1998, the Fund is being renamed
Daily Assets Government Obligations Fund. This will not result in any change to
the Fund's investment policies or practices.
DAILY ASSETS TREASURY FUND. Effective May 25, 1998, the Fund's investment
policies will change. As of that date, under normal conditions the Fund will
invest substantially all of its assets in U.S. Government Securities with a view
toward providing income that is generally considered exempt from state and local
income taxes. Because of this, the Fund will be renamed Daily Assets Government
Fund. Treasury Portfolio (the portfolio in which the Fund invests) also will
effect similar changes and will be renamed Government Portfolio. During the
preceding month, the investment adviser will effect any required changes in the
portfolio's security holdings.
