Rule 497(e)
SEC File No. 002-85378
Rule 482 ad
THIS YEAR THE STARS AT MUIRFIELD
WON'T JUST BE ON THE BACK NINE
The FLEX-FUNDS
MUIRFIELD FUND
A no-load mutual fund that invests in the shares
of other top-performing mutual funds
Mutual Fund Magazine's Highest Rating
[5 stars] * * * * *
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%
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.
Ratings are based on the Fund's risk-adjusted relative returns over the last ten
years, with the most recent years assigned the most weight. The top 20% of funds
receive 5 stars; the next 20% receive 4 stars; the next 20% receive 3 stars;
etc. Ratings for The Muirfield are made among the total number of equity funds
as follows: 1 year - 5 stars among 2812 funds; 3 years - 5 stars among 1967
funds; 5 years - 5 stars among 1242 funds; 10 years - 4 stars among 677 funds;
Overall - 5 stars among 2339 funds, effective 5/14/99. 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
