Rule 497(e)
SEC File No. 002-85378
Rule 482 ad
LOOKING OUT FOR #1?
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Asset Allocation Funds
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#1 THE FLEX-FUNDS MUIRFIELD FUND
Out of 274 asset allocation funds for 12-month total return as of 6/30/99 per
Morningstar
Average Annual Total Returns as of 6/30/99
One Year Five Years Ten Years
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35.86% 18.46% 14.39%
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General Government Bond Funds
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#1 THE FLEX-FUNDS U.S. GOVERNMENT BOND FUND
Out of 392 general government bond funds for 12-month total return as of 6/30/99
per Morningstar
Average Annual Total Returns as of 6/30/99
One Year Five Years Ten Years
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5.26% 7.14% 7.14%
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Money Market Funds
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#1 THE FLEX-FUNDS MONEY MARKET FUND
Out of 85 general purpose money market funds for cumulative total return since
inception (March 1985) as of 6/30/99 per Lipper
Average Annual Total Returns as of 6/30/99
One Year Five Years Ten Years
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4.99% 5.31% 5.37%
Current & Effective Yields as of 7/15/99*
7-day Simple Yield 7-day Compound Yield
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4.62% 4.72%
THE FLEX-FUNDS
Managed by R. Meeder & Associates, Dublin OH
CALL (800)325-FLEX
for a Prospectus and Fact Sheet
From Central Ohio, call (614)766-7000. Fax (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 6/30/99 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 U.S. Government Bond
Fund and The Money Market Fund during each period shown above. 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. The Muirfield Fund ranked
among asset allocation funds for average annual total returns as follows: 5
years - 26 out of 103; 10 years - 6 out of 37. The U.S. Government Bond Fund
ranked among general government bond funds for average annual total return for
the time periods as follows: 5 years - 25 out of 241 funds; 10 years - 30 out of
88 funds. The Money Market Fund ranked among general purpose money market funds
as follows: 1 year - 21 out of 317; 5 years - 12 out of 213; 10 years - 5 out of
130. 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. *Yield
quotations more closely reflect the current earnings of The Money Market Fund
than do total return quotations.
