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PACIFIC HORIZON FUNDS, INC.
A and K Shares of the California Tax-Exempt Bond Fund
Supplement dated October 28, 1997
to Prospectus dated June 24, 1997
(as supplemented September 16, 1997)
Effective October 28, 1997, the contractual investment advisory and
administration fees payable by the A and K shares of the California Tax-Exempt
Bond Fund to Bank of America National Trust and Savings Association will be
reduced from a maximum annual rate of 0.40% and 0.30%, respectively, to a
maximum annual rate of 0.30% and 0.20%, respectively, of the Fund's average
daily net assets.
