Rule 497(e)
SEC File No. 002-85378
Rule 482 ad
MUIRFIELD'S TOP-PERFORMING
FOURSOME
THE FLEX-FUNDS
A family of no-load mutual funds managed from
Central Ohio's Muirfield Village by
R. MEEDER & ASSOCIATES
[LOGO] Pin #1 THE MUIRFIELD FUND
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A "defensive investing" Average Annual Total Returns as of 3/31/99
mutual fund that invests in the One Year Three Years Five Years Ten Years
shares of other mutual funds. -------- ----------- ---------- ---------
31.32% 18.86% 17.32% 14.47%
[LOGO] Pin #2 THE HIGHLANDS GROWTH FUND
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An actively managed fund Average Annual Total Returns as of 3/31/99
seeking growth primarily One Year Three Years Five Years Ten Years
from stocks in the S&P 500. -------- ----------- ---------- ---------
15.32% 21.08% 18.05% 13.50%
[LOGO] Pin #3 THE U.S. GOVERNMENT BOND FUND
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A fixed income fund that Average Annual Total Returns as of 3/31/99
brings the defensive investing One Year Three Years Five Years Ten Years
strategy to the bond markets. -------- ----------- ---------- ---------
6.04% 5.87% 6.88% 7.28%
[LOGO] Pin #4 THE MONEY MARKET FUND
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One of America's top-performing Current and Effective Yields as of 5/6/99
money market funds, with free 7-day Simple Yield 7-day Compound Yield
checkwriting and low expenses. ------------------ --------------------
4.54% 4.64%
CALL (800)325-FLEX
for a Prospectus and Fact Sheet
From Columbus and vicinity, call (614)766-7000
Online: www.flexfunds.com E-Mail:[email protected]
PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. Performance figures
represent average annual total returns for periods ended 3/31/99 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 U.S. Government Bond
and The Money Market Funds during each period shown above. The Investment
Adviser waived a portion of its management fee during 1998 in order to reduces
the operating expenses of The Highlands Growth Fund. An investment in The Money
Market Fund is not insured or guaranteed by the Federal Deposit Insurance
Corporation or any other governmental agency. Although The Money Market Fund
seeks to preserve the value of your investment at $1.00 per share, it is
possible to lose money by investing in the Fund. To obtain a prospectus
containing more complete information about the Funds, including other fees and
expenses that apply to a continued investment in the Funds, you may call The
Flex-funds at (800)325-3539 or write P.O. Box 7177, Dublin, OH 43017. Please
read the prospectus carefully before investing.
THE FLEX-FUNDS
