Rule 497(e)
SEC File No. 002-85378
Rule 482 ad
Institutional Investments from R. Meeder & Associates
CALL (800)325-3539 for more information.
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THE FLEX-FUNDS CURRENT & EFFECTIVE YIELDS AS OF 10/14/99
THE MONEY MARKET FUND 7-day Simple 7-day Compound
#1 General Purpose Money ------------ --------------
Market Fund(1) 5.08% 5.20%
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THE FLEX-PARTNERS CURRENT & EFFECTIVE YIELDS AS OF 10/14/99
THE INSTITUTIONAL FUND 7-day Simple 7-day Compound
One of the top institutional ------------ --------------
money market funds. 5.23% 5.36%
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THE FLEX-FUNDS AVERAGE ANNUAL TOTAL RETURNS AS OF 9/30/99
U.S. GOVERNMENT BOND FUND One Year Five Years Ten Years Life of Fund
"Defensive Investing" for the -------- ---------- --------- ------------
fixed income markets. -1.70% 7.01% 6.96% 6.95%
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PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. Performance figures
represent average annual total returns for periods ended 9/30/99 and assume
reinvestment of all dividend and capital gains distributions. The investment
return and principal value of an investment will fluctuate so that an investor's
shares, when redeemed, may be worth more or less than their original cost. The
Investment Adviser waived a portion of its management fees and/or reimbursed
expenses in order to reduce the operating expenses of the Money Market,
Institutional and U.S. Government Bond funds during each period shown above. An
investment in The Money Market Fund or The Institutional Fund is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
governmental agency. Although the Funds seek to preserve the value of your
investment at $1.00 per share, it is possible to lose money by investing in the
Funds. To obtain a prospectus containing more complete information about The
Flex-funds, including other fees and expenses that apply to a continued
investment in the Funds, you may call (800)325-3539 or write P.O. Box 7177,
Dublin, OH 43017. Please read the prospectus carefully before investing.
(1) Among 83 general purpose money market funds for total cumulative total
return since inception (March 1985) per Lipper, Inc. The Fund ranked among
general purpose money market funds for average annual total return for the
periods ended 9/30/99 as follows: 1 year - 23 out of 322; 5 years - 14 out of
213; 10 years - 6 out of 130.
