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FREEDOM MUTUAL FUND
FREEDOM GROUP OF TAX EXEMPT FUNDS
SUPPLEMENT DATED JUNE 16, 1998
TO THE PROSPECTUS DATED FEBRUARY 27, 1998
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TRANSFER AGENT AND SHAREHOLDER SERVICE PROVIDER
As of June 16, 1998, Freedom Services Corp. ("FSC") replaced John Hancock
Signature Services, Incorporated ("JHSS") as transfer and shareholder services
agent of Freedom Mutual Fund, on behalf of Freedom Cash Management Fund and
Freedom Government Securities Fund, and Freedom Group of Tax Exempt Funds, on
behalf of Freedom Tax Exempt Money Fund (Freedom Mutual Fund and Freedom Group
of Tax Exempt Funds are referred to herein collectively as the "Trusts"; Freedom
Cash Management Fund, Freedom Government Securities Fund and Freedom Tax Exempt
Money Fund are referred to herein collectively as the "Funds") pursuant to a
Transfer Agency and Service Agreement dated as of June 16, 1998 (the
"Agreement"). At a meeting held on May 19, 1998, the Board of Trustees of the
Trusts voted to confirm and approve the Agreement with FSC. FSC is a
wholly-owned subsidiary of Freedom Securities Corporation.
The purchase, redemption and exchange procedures for shareholders of the Funds
who have Sutro & Co., Incorporated ("Sutro") and Tucker Anthony Incorporated
("Tucker Anthony") brokerage accounts will remain unchanged. However, as of June
16, 1998, all other shareholders of the Funds must mail their purchase,
redemption or exchange requests to the address listed below and/or call FSC
toll-free at (800) 453-8206, rather than mailing their requests to the address
listed in the Prospectus or calling the toll-free number listed therein.
Shareholders who wish to purchase shares of any of the Funds through FSC by
means of a wire order should call FSC toll-free at (800) 453-8206 for
instructions and direct their wiring bank to transmit the specified amount in
Federal Funds to: Bank of New York, ABA-021000018, A/C 890032661, Wexford
Clearing Services, further credit to [customer name and account number]. For
further information about the Funds, shareholders should contact their Sutro or
Tucker Anthony account executive or call FSC toll-free at (800) 453-8206.
Please delete all references to JHSS in the Prospectus and replace them with
FSC. The correct mailing address for FSC is set forth below and replaces all
references to JHSS' mailing address. The correct toll-free number for contacting
FSC is (800) 453-8206 and replaces all references to (800) 257-3336 in the
Prospectus. The correct wiring address is Bank of New York, ABA-021000018, A/C
890032661, Wexford Clearing Services, further credit to [customer name and
account number] and replaces all references to the wiring address in the
Prospectus. Please also delete the two paragraphs in the Prospectus under the
section entitled "Transfer Agent, Custodian and Shareholder Services" and
replace them with the following paragraph:
"Freedom Services Corporation ("FSC") acts as transfer and shareholder
services agent for the Funds. FSC is a wholly-owned subsidiary of Freedom
Securities Corporation. State Street Bank and Trust Company holds all cash and
securities of the Funds as their custodian."
Freedom Services Corporation
One World Financial Center
200 Liberty Street
New York, New York 10281
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FREEDOM MUTUAL FUND
FREEDOM GROUP OF TAX EXEMPT FUNDS
SUPPLEMENT DATED JUNE 16, 1998 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED FEBRUARY 27,
1998
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TRANSFER AGENT AND SHAREHOLDER SERVICE PROVIDER
As of June 16, 1998, Freedom Services Corp. ("FSC") replaced John Hancock
Signature Services, Incorporated ("JHSS") as transfer and shareholder services
agent of Freedom Mutual Fund, on behalf of Freedom Cash Management Fund and
Freedom Government Securities Fund, and Freedom Group of Tax Exempt Funds, on
behalf of Freedom Tax Exempt Money Fund (Freedom Mutual Fund and Freedom Group
of Tax Exempt Funds are referred to herein collectively as the "Trusts")
pursuant to a Transfer Agency and Service Agreement dated as of June 16, 1998
(the "Agreement"). At a meeting held on May 19, 1998, the Board of Trustees of
the Trusts voted to confirm and approve the Agreement with FSC. FSC is a
wholly-owned subsidiary of Freedom Securities Corporation.
Please delete all references to JHSS in the Statement of Additional Information
and replace them with FSC.
