Rule 497(e)
File Nos. 2-80886
811-3626
CITIZENS INCOME PORTFOLIO
CITIZENS INDEX PORTFOLIO
CITIZENS EMERGING GROWTH PORTFOLIO
CITIZENS GLOBAL EQUITY PORTFOLIO
WORKING ASSETS MONEY MARKET PORTFOLIO
THE E-FUND
Supplement dated: May 1, 1997
to Prospectus dated: September 27, 1996 as amended March 28, 1997
Under paragraph "Costs For Other Services" on page 3 please replace line 10 to
read as follows:
Box of 200 checks (E-Fund only) ................... $15.95
In the "New Account Application" inserted between pages 10 and 11, under
paragraph 6a. "For E-Fund Accounts Only (Required)", please replace the first
and second sentences to read as follows:
When you open your Access account, you will receive 20 starter checks at no
charge. Additional checks for the E-Fund are available at a charge of $15.95,
in quantities of 200.
Under paragraph "Write a Check" on page 15 please replace the second sentence
to read as follows:
E-Fund shareholders will receive an order form to purchase additional checks
($15.95 for 200 checks).
