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AMWAY MUTUAL FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED APRIL 28, 1998
The Board of Trustees of Amway Mutual Fund Trust has authorized a new
class of Amway Mutual Fund. The new class, which has been designated Class R,
will be offered to tax-exempt retirement and benefit plans of Amway
Corporation and its affiliates. Class R shares are not subject to any sales
charges of Rule 12b-1 distribution fees.
The Fund's existing interests of beneficial interest ("shares") have
been designated Class A. Each share of Class A and Class R will represent an
equal proportionate interest in the Fund and, generally, will have identical
voting, dividend, liquidation, and other rights and the same terms and
conditions, except that (a) expenses allocated to a particular Class ("Class
Expenses") will be borne solely by that Class, and (b) each Class will have
exclusive voting rights with respect to matters affecting only that Class.
Examples of Class Expenses include: (1) Rule 12b-1 fees, (2) transfer
agent and shareholder servicing fees attributable to a specific Class,
(3) stationary, printing, postage, and delivery expenses related to preparing
and distributing materials such as shareholder reports, prospectuses, and
proxy statements to current shareholders of a Class, (4) Blue Sky
registration fees incurred by a Class, (5) SEC registration fees incurred by
a Class, (6) trustees' fees or expenses incurred as a result of issued
relating to one Class, (7) accounting fees relating solely to one Class,
(8) litigation expenses and legal fees and expenses relating to a particular
Class, and (9) expenses incurred in connection with shareholders meetings as
a result of issues relating to one Class.
You may obtain more information about Class R by contacting the Fund at
the address or telephone number in the Prospectus.
The date of this Supplement is November 2, 1998.
<PAGE>
AMWAY MUTUAL FUND
SUPPLEMENT TO PROSPECTUS
DATED APRIL 28, 1998
The Board of Trustees of Amway Mutual Fund Trust has authorized a new
class of Amway Mutual Fund. The new class, which has been designated Class R,
will be offered to tax-exempt retirement and benefit plans of Amway
Corporation and its affiliates. Class R shares are not subject to any sales
charges or Rule 12b-1 distribution fees.
The Fund's existing interests of beneficial interest ("shares") have
been designated Class A. Each share of Class A and Class R will represent an
equal proportionate interest in the Fund and, generally, will have identical
voting, dividend, liquidation, and other rights and the same terms and
conditions, except that (a) expenses allocated to a particular Class ("Class
Expenses") will be borne solely by that class, and (b) each Class will have
exclusive voting rights with respect to matters affecting only that Class.
You may obtain more information about Class R, which is not offered
through this Prospectus, by contacting the Fund at the address or telephone
number listed in the Prospectus.
The date of this Supplement is November 2, 1998.
