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FORUM FUNDS INTERNATIONAL EQUITY FUND SMALL COMPANY OPPORTUNITIES FUND Supplement Dated June 17, 1999 to Prospectus Dated January 11, 1999 Shares of International Equity Fund and Small Company Opportunities Fund are currently not offered for sale. <PAGE> FORUM FUNDS EMERGING MARKETS FUND Supplement Dated June 17, 1999 to Prospectus Dated January 11, 1999 Shares of Emerging Markets Fund are currently not offered for sale.
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