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Rule 497(e) Registration Number: 2-82143 THE CALIFORNIA MUNI FUND SUPPLEMENT DATED MAY 27, 1997 TO PROSPECTUS DATED APRIL 30, 1997 The independent trustees are in the process of considering other fund organizations willing to manage the Fundamental Funds and it is expected that a new manager will be selected. In any event, it is unlikely that a majority of the Fund's independent trustees will approve the current Investment Management Agreement beyond December 31, 1997.
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