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PACIFIC HORIZON FUNDS, INC.
PACIFIC HORIZON SHARES OF THE
TAX-EXEMPT MONEY FUND AND CALIFORNIA TAX-
EXEMPT MONEY MARKET FUND
AND
X SHARES OF THE
CALIFORNIA TAX-EXEMPT MONEY MARKET FUND
SUPPLEMENT DATED AUGUST 7, 1996
TO PROSPECTUS DATED JULY 1, 1996
The second sentence of the section entitled "PURCHASE OF SHARES -- NET
ASSET VALUE" on page 19 of the prospectus is amended and restated in its
entirety as follows:
The net asset value per share of the California Tax-Exempt
Money Market Fund and Tax-Exempt Money Fund is determined on each
Business Day as of 10:30 a.m. Eastern time and 12:00 noon Eastern time,
respectively.
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PACIFIC HORIZON FUNDS, INC.
HORIZON SHARES AND HORIZON
SERVICE SHARES OF THE TAX-EXEMPT
MONEY FUND AND THE CALIFORNIA TAX-
EXEMPT MONEY MARKET FUND
SUPPLEMENT DATED AUGUST 7, 1996
TO PROSPECTUS DATED JULY 1, 1996
1. The second and third sentences of the third paragraph of the
section entitled "PURCHASE AND REDEMPTION OF SHARES -- REDEMPTION PROCEEDS" on
page 17 of the prospectus is amended and restated in its entirety as follows:
Payment for redeemed shares for which a redemption order is
received by the Transfer Agent before 10:30 a.m. Eastern time (with
respect to the California Tax-Exempt Money Market Fund), or 12:00 noon
Eastern time (with respect to the Tax-Exempt Money Fund) on a Business
Day is normally made in Federal funds wired to the redeeming shareholder
on the same Business Day. Payment for redeemed shares for which a
redemption order is received after 10:30 a.m. Eastern time (with respect
to the California Tax-Exempt Money Market Fund), or 12:00 noon Eastern
time (with respect to the Tax-Exempt Money Fund) on a Business Day is
normally made in Federal funds wired to the redeeming shareholder on the
next Business Day following redemption.
2. The first sentence of the section entitled "PURCHASE AND
REDEMPTION OF SHARES -- NET ASSET VALUE" on page 18 of the prospectus is
amended and restated in its entirety as follows:
The net asset value per share of the California Tax-Exempt Money
Market Fund and Tax-Exempt Money Fund is determined on each Business Day
as of 10:30 a.m. Eastern time and 12:00 noon Eastern time, respectively.
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PACIFIC HORIZON FUNDS, INC.
PACIFIC HORIZON SHARES, HORIZON SHARES,
HORIZON SERVICE SHARES, X SHARES AND S SHARES
OF THE
PRIME FUND, TREASURY FUND, GOVERNMENT
FUND, TREASURY ONLY FUND, TAX-EXEMPT
MONEY FUND AND CALIFORNIA TAX-EXEMPT
MONEY MARKET FUND
SUPPLEMENT DATED AUGUST 7, 1996 TO
THE STATEMENT OF ADDITIONAL INFORMATION
DATED JULY 1, 1996
The first sentence of the section entitled "PURCHASE AND REDEMPTION OF
SHARES -- SUPPLEMENTARY REDEMPTION INFORMATION: PACIFIC HORIZON SHARES" on page
43 of the statement of additional information is amended and restated in its
entirety as follows:
Pacific Horizon Shares for which orders for wire redemption are
received on a business day before 2:30 p.m. (Eastern Time) with respect
to the Prime Fund, Treasury Fund or Government Fund, 11:30 a.m. (Eastern
Time) with respect to the Treasury Only Fund, 10:30 a.m. (Eastern Time)
with respect to the California Tax-Exempt Money Market Fund or 12:00
noon (Eastern time) with respect to the Tax-Exempt Money Fund, will be
redeemed as of such time and the proceeds of redemption (less any
applicable contingent deferred sales load charged on Pacific Horizon
Shares of the Prime Fund acquired through an exchange of Class B shares
of an investment portfolio of the Time Horizon Funds) will normally be
wired in Federal funds on the same business day to the commercial bank
specified by the investor on the Account Application (or other bank of
record on the investor's file with the Transfer Agent).
