Rule 497(e)
SEC File No. 002-85378
Rule 482 ad
PICK THE WINNER AT MUIRFIELD
AVERAGE ANNUAL TOTAL RETURNS as of 3/31/99:
One Year Three Years Five Years Ten Years
-------- ----------- ---------- ---------
THE FLEX-FUNDS
Muirfield Fund 31.32% 18.86% 17.32% 14.47%
Morningstar Average
Asset Allocation Fund 5.31% 13.86% 14.45% 12.03%
#1 ASSET ALLOCATION FUND
out of 273 funds for 12-month total return as of 3/31/99 per Morningstar
THE FLEX-FUNDS
MUIRFIELD FUND
A no-load fund that invests in the shares
of other top-performing mutual funds.
Managed from Muirfield Village by
R. MEEDER & ASSOCIATES
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
Muirfield Fund ranked among asset allocation funds for average annual total
return for the time periods as follows: 5 years - 26 out of 94 funds; 10 years -
6 out of 36 funds. To obtain a prospectus containing more complete information
about the Fund, including other fees and expenses that apply to a continued
investment in the Fund, 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
