Law Offices
Drinker Biddle & Reath, LLP
Philadelphia National Bank Building
1345 Chestnut Street
Philadelphia, PA 19107-3496
Telephone: (215) 988-2700
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Fax: (215) 988-2757
December 11, 1997
VIA EDGAR TRANSMISSION
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC 20549
Re: Pacific Horizon Funds, Inc.
Registration Nos. 2-81110 and 811-4293
Ladies and Gentlemen:
On behalf of Pacific Horizon Funds, Inc. ("Pacific Horizon") and pursuant to
Rule 497(e) of the Securities Act of 1933, attached herewith for filing
please find a supplement dated December 11, 1997 to the Prospectus dated
June 24, 1997 (as supplemented September 16, 1997) with respect to Pacific
Horizon's California Tax-Exempt Bond Fund.
Questions and comments concerning the enclosed materials may be directed to
the undersigned at (215) 988-1152.
Very truly yours,
/s/Kenneth L. Greenberg
Kenneth L. Greenberg
PACIFIC HORIZON FUNDS, INC.
CALIFORNIA TAX-EXEMPT BOND FUND
SUPPLEMENT DATED DECEMBER 11, 1997
TO
PROSPECTUS DATED JUNE 24, 1997 (AS SUPPLEMENTED SEPTEMBER 16, 1997)
This supplement supersedes the Supplement dated October 28, 1997 to the
Prospectus dated June 24, 1997 (as supplemented September 16, 1997) for the
California Tax-Exempt Bond Fund (the "Fund") and should be read in
conjunction with such Prospectus.
1. 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.
2. Effective November 24, 1997, the first sentence in the fifth paragraph
of the section entitled "THE BUSINESS OF THE FUNDS - FUND MANAGEMENT" on
page 33 of the Prospectus is amended as follows:
Stephen P. Scharre is the person primarily responsible for the
day-to-day investment management of the National Municipal Bond Fund
and the California Tax-Exempt Bond Fund.
The disclosure relating to Kim Michalski in the sixth and seventh
paragraphs of the same section is deleted.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
