FORUM FUNDS
497, 1998-07-07
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                                   FORUM FUNDS

                            POLARIS GLOBAL VALUE FUND

                        Supplement Dated July 1, 1998 to
                          Prospectus Dated May 5, 1998


The following  sentence replaces the last sentence under "Redemption of Shares -
Bank Wire Redemption" on page 14 of the prospectus:

Redemption  proceeds  are  transmitted  by wire the day after FSS  receives  the
redemption request in proper form.





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