FORUM FUNDS
497, 1999-12-21
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                                   FORUM FUNDS

                                EQUITY INDEX FUND

                       Supplement Dated December 21, 1999
                       to Prospectus Dated October 1, 1999


Page 6 of the  Prospectus is amended by deleting the Past  Performance  Chart of
Equity Index Fund and replacing it with the following chart:

                       [EGAR representation of bar chart]

                        Annual Total Return 1998 28.86%









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