FUNDAMENTAL FUNDS INC, 497, 1998-03-10

FUNDAMENTAL FUNDS INC
497, 1998-03-10

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                                                                     Rule 497(e)
                                                       Registration No. 2-82710

                             FUNDAMENTAL FUNDS, INC
                              (New York Muni Fund)

                         SUPPLEMENT DATED MARCH 9, 1998
                             TO NEW YORK MUNI FUND'S
                         PROSPECTUS DATED APRIL 30, 1997


         The following  information  supplements the "Determination of Net Asset
Value" section of the Fund's Prospectus:

         The value used by the Fund in computing the current price per share for
the purpose of purchase and  redemption  of Fund shares (the net asset value per
share) means an amount which reflects  calculations to the nearest 1/10th of one
cent.